The trade policies and practices of all World Trade Organization members are subject to periodic review in order to monitor significant trends and developments which may have an impact on the global trading system. The reviews are conducted on the basis of a policy statement by the Member under review and a comprehensive report drawn up by the WTO Secretariat. This first review of Guatemala, the largest economy in Central America, recognises its active participation in the multilateral trading system and the efforts undertaken to improve its economic and social conditions. It notes the challenges that lie ahead and supports initiatives designed to further sustainable economic growth and social development.