"With ANEP and exporting companies we have agreed to maintain the 6% incentive until when the strategy for fostering exports becomes active ... and we intend to have it ready by the end of the year, effectively eliminating the 'drawback' on January 1st, 2010", said the president, as reported by website Elsalvador.com.
The export sector seeks a 4-year extension of the 6% refund, which expires at the end of 2010.
Both the Corporation of Exporters of El Salvador (COEXPORT) and the Salvadoran Association of Industrialists (ASI) are requesting a 4-year extension of the 6% refund or drawback for exporters from the new government.
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.