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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El Salvador: Proposal to Increase Exports  

September 2013

The Exporters Corporation has created a plan to increase exports to $10 billion a year within five years.  

Entrepreneurs believe that if the correct measures are applied export earnings could double within five years. According to Pablo Duran, president of the Exporters Association of El Salvador (COEXPORT), the proposal gives potential annual growth of 20%.

Costa Rica: $104 million in Rice Subsidies in 2011

May 2012

In the last 5 years the pricing system in force has transferred more than $390 million from the pockets of consumers to rice producers.

A statement of the Ministry of Commerce reads:

Rice sector subsidies in excess of $100 million for the second year

San Jose, May 8th, 2012.

Delay in regulating Law for Production Promotion

December 2011

The regulation establishing export incentives for "draw back" substitutes is still pending approval in El Salvador.

During the inauguration of the Third Meeting of Exporters, the Exporters Corporation of El Salvador (Coexport) called on the Government to establish the dates for the entry into force of the regulations on the Law for the Promotion of Production, which establishes new incentives.

Salvadoran Exporters Demand Compensation for Removal of ‘Drawback’

February 2010

The ‘Drawback’, a 6% incentive for Salvadoran exporters, was removed on January 1st.

Exporters gathered at Coexport (Salvadoran Exporters Corporation) complain that the current proposal for promoting exports does not include a compensation for the removal of the incentive. They appreciate the inclusion of their suggestions for greater support to new exports, as well as increasing the number of exporting companies.

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