Your Gate to Latin American IP

Foreign investment to promote e-commerce

By Mayora IP - 05/03/2020
Foreign investment to promote e-commerce

According to BNamericas, a digital business intelligence tool focused in Latin America, Guatemala is considering reworking its legal framework to attract foreign investment to bolster the country's e-commerce ecosystem.

"That was the topic of a meeting between lawmaker Juan Carlos Rivera, of the conservative opposition Victoria party, and Juan José Castro, e-commerce manager at Guatemala’s chamber of commerce," a BNamericas report stated. "Castro called for a legislative agenda dedicated to creating a legal framework for the industry and the promotion of technological development. In response, Rivera said the Victoria party intends to submit a bill to regulate and foster digital commerce".

E-commerce currently represents just 1% of the Guatemalan economy, but is forecast to reach 5% by 2025, according to the Guatemalan chamber of industry. Cosmetics and health products are the items that are most purchased online.

By Mayora IP - 05/03/2020
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Mayora IP

MAYORA IP, S.A., a sister firm of Mayora & Mayora, with an established practice for more than 50 years, takes pride in its unfailing commitment to excellence and for strategically managing, protecting, and enforcing intangible assets.

Driven by the legacy and memory of its founding partner, Eduardo Mayora Dawe, MAYORA IP advises its clients to acquire, manage, and protect their intellectual property.

Its team of lawyers and paralegals work in the areas of patents, trademarks, trade dress, domain names and copyrights, and regularly counsels on procurement, prosecution,enforcement, licensing, and litigation.

MAYORA IP is proud to share that after two years of providing services in Honduras and having just completed one year of services in El Salvador, the legacy of its founding partner, Eduardo Mayora Dawe, does not cease to grow.