Benefit to Salvadorian Exporters Expires this Year

The benefit, 6% of the value of non-traditional exports outside of CA and which the exporting sector receives from the government, expires in December.

Wednesday, February 25, 2009

La Prensa Gráfica publishes on its website: "The measure is being maintained until the end of President Saca´s administration. It will be the next administration that makes a decision," affirmed Eduardo Ayala Grimaldi, Technical Secretary of the President. The mechanism, known as the "draw back," forms a part of El Salvador´s Law of Exports Integration, and its term has been extended twice by the OMC, the entity that evaluates the measure as a subsidy. The country is of the few in the world that maintains it."

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