Guatemala - Domestic trade

Outside the capital city, markets are held on appointed days, and local fairs are held annually. Traders bring their wares on large racks atop buses or by mule, herding animals ahead of them. Prices are not fixed. Although there are some modern, touristoriented shops, traditional methods of commerce, with modifications, also prevail in Guatemala City. Franchise stores are beginning to gain acceptance. In 2002, there were about 150 franchising companies with around 450 outlets nationwide. Business hours are weekdays, 8 AM to 6 PM ; shops also open on Saturday mornings. Normal banking hours in Guatemala City are weekdays, 9 AM to 3 PM .