Salvadoran Free Zones Export $ 2,069 Million

Foreign sales of companies under the free zone regime accounted for 50% of total exports in 2010.

Friday, January 28, 2011

Of the $4,097 million exported by the country from January to November 2010, free zones contributed $ 2,069 million.

Companies operating under this model generate between 85 and 90 thousand jobs a year, most of them in the textile industry, which employs over 73,000 people", explained Elsalvador.com.



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Nicaragua: Streamlined Procedures in Free Zones

July 2011

The reactivation of the Comisión Aduanera de Zonas Francas (Customs Free Zone Comission) will speed up the processing of this sector's imports and exports.

The executive director of the Nicaraguan Association of Textiles, Anitec, Dean Garcia Foster, said that in addition to streamlining procedures it will also create savings in operating costs.

Losses in Free Zones Due to Customs Strike

June 2012

Salvadoran business associations are calling for dialogue and rapid lifting of the strike in order to avoid generating further losses and a possible 'stagnation of exports'.

The vice president of the Miramar zone, Ricardo Avila, reported that none of customs offices in the free zones are operating.

El Salvador: Free Zone Generates Benefits

May 2011

A private report has analyzed the contribution of the scheme to economic activity.

80 000 direct jobs and more than 2230 thousand dollars in products exported in 2010 are some of the results achieved by companies operating under the free zone system and active improvement scheme in El Salvador.

El Salvador: A More Competitive Free Zone Law

May 2010

Such is the desire of Salvadoran textile businessmen, who hope to transform the country into a more attractive destination for foreign investment.

CAMTEX, the Textile and Apparel Chamber, explained they are having talks with the government to draft a new law which complies with WTO requisites (World Trade Organization).

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