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.
According to Laprensagrafica.com, COEXPORT president, Ana Vilma de Calderón, "defended the refund by pointing out that it is a relief to exporters because it helps them to be more competitive on a regional scale. The industry hopes the new government will take their request into account because the WTO will review the agreement at the end of the year."
The 6% refund or drawback allows the return of duties paid on supplies, raw materials or intermediate products incorporated in the goods.
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.