Negotiation El Salvador - China: Excludes Entrepreneurs
The Sánchez Cerén administration is preparing to negotiate the signing of trade agreements with the Asian country, but without actively involving the private sector.
Thursday, September 6, 2018
After the sudden and accelerated rupture of relations with the Republic of Taiwan and the announcement of the new relations with China, the Salvadoran government is organizing the signing of the first commercial agreements with the Asian giant, and for this the first official mission is preparing to travel next week.
According to information from Salvadoran government officials, the topics on the agenda in this first official mission that will travel to China are economy, trade, investment, cooperation, innovation and technology.
The executive director of the Salvadoran Foundation for Development (Fusades), José Ángel Quirós, told Laprensagrafica.com that in his opinion it is "... unusual that we are talking about a commercial relationship that does not include representatives that can contribute more on the subject of a commercial relationship with China.And we are not against the country exploring any economy that can offer new opportunities for growth and development to Salvadorans."
The article reports that "...Quirós also said that it is the Government's responsibility to measure the consequences of the decision to break off relations with one country and build a relationship with another, after the Minister of Economy, Luz Estrella Rodríguez, said that there are losses for the country resulting from the breaking of relations with Taiwan."
The FTA with Panama and the agreement with El Salvador, both in the negotiation stage, are part of the commercial opportunities that the Asian nation seeks to consolidate in the region in the short-term.
The third round of negotiations to conclude the trade agreement between the Central American country and the Asian nation began in Panama City.
Authorities in the Asian country reported that their intention is to sign a free trade agreement with El Salvador, while the government of Sánchez Cerén intends to sign a partial scope agreement.
Authorities in the People's Republic of China reported that as announced several weeks ago, El Salvador and the Asian country had already held their first working session in which they began to define the trade and cooperation relationship between the two nations.
Flights between the Asian country and Tocumen, a feasibility study to build a train to the border with Costa Rica and cooperation in financial, energy and maritime matters, are some of the results on offer from the agreements signed between the Chinese and Panamanian governments.
Since the breakdown of Panama's diplomatic relations with Taiwan and the new relationship with the Asian giant was announced in June of this year, the possibilities of creating and developing new business in Panama have multiplied, due to the implications that greater involvement in terms of investment by China would have for the country and the region.
Panama's decision to establish diplomatic relations with the People's Republic of China is a promising step towards turning the country into a gateway for investments by the Asian giant in the region.
EDITORIAL
Although Panama is not the first country to break diplomatic relations with Taiwan in order to establish them with China, with Costa Rica having done so in 2007, it is the only country in the region that has the necessary logistical and commercial conditions to become an ideal platform for Chinese investments.
×
ok
7567Government Procurement Opportunities in the region