Salvadoran Exporters Demand Compensation for Removal of ‘Drawback’The ‘Drawback’, a 6% incentive for Salvadoran exporters, was removed on January 1st.Thursday, February 4, 2010
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. Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?Delay in regulating Law for Production PromotionDecember 2011 The regulation establishing export incentives for "draw back" substitutes is still pending approval in El Salvador. Salvadoran Authorities Propose New Measures to Foster ExportsJanuary 2010 The government proposed a new strategy to promote exports, which includes 21 different programs. El Salvador Will Maintain Subsidy for ExportersOctober 2009 Until there is a new incentive policy, the government will maintain the "drawback", a 6% reimbursement on exports outside Central America. El Salvador: Call to Extend Exporter RefundsMay 2009 The export sector seeks a 4-year extension of the 6% refund, which expires at the end of 2010.
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