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28
ECRET
Percentage
Class
No.
Product Value
of Total Value
1. Beverages
33
$10,254,491.00
23.3
2. Foodstuffs
174
9,647,834.00
22.0
3. Textiles
74
5,427,409.00
12.3
4. Clothing
177
3,732,847.00
8.4
5. Tobacco
28
3,620,091.00
8.2
6.
Non-metallic minerals
44
1,910,625.00
7.
Wood and cork
72
1,759,900.00
8. Chemicals
20
1,716,777.00
9. Light and water
6
1,642,409.00
10. Printing and binding
23
1,111,147.00
11. Hides and skins
35
752,496.00
12. Metal working and foundry
20
513,912.00
13. Machinery manufacturing
and repair
26
454,869.00
25.8
14. Rubber
2
376,594.00
15. Salt
10
201,758.00
16. Fats and oils
4
193,670.00
17. Jewelry
4
99,203.00
18. Paper
4
14,212.00
19. Metallic and non-metallic
mineral extraction
3
13,660.00
20. Others
17
358,880.00
TOTALS
776
$43,802,784.00
100.0%
The Guatemalan Government has long at-
g. International Trade.
tempted to encourage industrial production
Guatemala's foreign trade is dominated by
within the country. The current Law of In-
the United States, which normally takes about
dustrial Development of 21 November 1947
90 percent of its exports and supplies from 65
provides for free importation of construction
to 75 percent of its imports. Canada ranks
materials, machinery, and of some raw mate-
second as a customer, and various European
rials for periods up to ten years. It also estab-
countries follow. Mexico is generally second
lishes the proportion of domestic and foreign
in importance as a supplier of imports. Ex-
capital to be required in the formation of new
ports are almost entirely agricultural products
industries or the future expansion of existing
and raw materials (coffee, bananas, chicle,
industries. Thus, industries producing prin-
abacá): imports are almost entirely manufac-
cipally for the domestic market must be con-
tured articles but include some raw materials
stituted of predominantly Guatemalan capi-
and foodstuffs (petroleum, ginned cotton,
tal; those producing principally for the domes-
processed foods). Guatemalan foreign trade,
tic market, but which demand high technical
both in imports and exports, has increased
competence, must have a minimum participa-
tremendously in volume and value during re-
tion of 33 percent Guatemalan capital (or 30
cent years. During and immediately after the
percent as the extreme minimum); those pro-
war, favorable trade balances were consistent-
ducing principally for foreign markets may be
ly recorded and foreign exchange holdings
constituted 100 percent of foreign capital; and
reached a peak of $55,522,000 in April 1947.
those producing alcoholic and fermented bev-
Between 31 December 1947 and 1 December
erages must have a minimum of 70 percent
1948, foreign exchange holdings fell from $53,-
Guatemalan capital. Mining and petroleum
005,000 to $49,156,000 and by 30 November
industries are subject to special laws.
1949 had decreased to about $39,912,000. In
SECRE
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"ocrText": "28\nECRET\nPercentage\nClass\nNo.\nProduct Value\nof Total Value\n1. Beverages\n33\n$10,254,491.00\n23.3\n2. Foodstuffs\n174\n9,647,834.00\n22.0\n3. Textiles\n74\n5,427,409.00\n12.3\n4. Clothing\n177\n3,732,847.00\n8.4\n5. Tobacco\n28\n3,620,091.00\n8.2\n6.\nNon-metallic minerals\n44\n1,910,625.00\n7.\nWood and cork\n72\n1,759,900.00\n8. Chemicals\n20\n1,716,777.00\n9. Light and water\n6\n1,642,409.00\n10. Printing and binding\n23\n1,111,147.00\n11. Hides and skins\n35\n752,496.00\n12. Metal working and foundry\n20\n513,912.00\n13. Machinery manufacturing\nand repair\n26\n454,869.00\n25.8\n14. Rubber\n2\n376,594.00\n15. Salt\n10\n201,758.00\n16. Fats and oils\n4\n193,670.00\n17. Jewelry\n4\n99,203.00\n18. Paper\n4\n14,212.00\n19. Metallic and non-metallic\nmineral extraction\n3\n13,660.00\n20. Others\n17\n358,880.00\nTOTALS\n776\n$43,802,784.00\n100.0%\nThe Guatemalan Government has long at-\ng. International Trade.\ntempted to encourage industrial production\nGuatemala's foreign trade is dominated by\nwithin the country. The current Law of In-\nthe United States, which normally takes about\ndustrial Development of 21 November 1947\n90 percent of its exports and supplies from 65\nprovides for free importation of construction\nto 75 percent of its imports. Canada ranks\nmaterials, machinery, and of some raw mate-\nsecond as a customer, and various European\nrials for periods up to ten years. It also estab-\ncountries follow. Mexico is generally second\nlishes the proportion of domestic and foreign\nin importance as a supplier of imports. Ex-\ncapital to be required in the formation of new\nports are almost entirely agricultural products\nindustries or the future expansion of existing\nand raw materials (coffee, bananas, chicle,\nindustries. Thus, industries producing prin-\nabacá): imports are almost entirely manufac-\ncipally for the domestic market must be con-\ntured articles but include some raw materials\nstituted of predominantly Guatemalan capi-\nand foodstuffs (petroleum, ginned cotton,\ntal; those producing principally for the domes-\nprocessed foods). Guatemalan foreign trade,\ntic market, but which demand high technical\nboth in imports and exports, has increased\ncompetence, must have a minimum participa-\ntremendously in volume and value during re-\ntion of 33 percent Guatemalan capital (or 30\ncent years. During and immediately after the\npercent as the extreme minimum); those pro-\nwar, favorable trade balances were consistent-\nducing principally for foreign markets may be\nly recorded and foreign exchange holdings\nconstituted 100 percent of foreign capital; and\nreached a peak of $55,522,000 in April 1947.\nthose producing alcoholic and fermented bev-\nBetween 31 December 1947 and 1 December\nerages must have a minimum of 70 percent\n1948, foreign exchange holdings fell from $53,-\nGuatemalan capital. Mining and petroleum\n005,000 to $49,156,000 and by 30 November\nindustries are subject to special laws.\n1949 had decreased to about $39,912,000. In\nSECRE"
}