Salvadoran Industries with New Strategies

The Salvadoran Association of Industrialists (ASI) will submit a proposal with new policies to seek recovery of the sector.

Thursday, October 14, 2010

The union's executive director, Jorge Arriaza, told Elsalvador.com that part of the proposal will be submitted during the Sixth Congress of ASI.

"... Among subjects set out: the definition of a policy for financing the industrial sector, better electricity prices and incentives for new investment. In regard to credit ... Arrington said that currently the concept of funding 'is defined in the free market and each bank or financial agent defines how to allocate their funds'," reports the article in Elsalvador.com.

More on this topic

El Salvador: Industrialists and Government Present Plan

October 2011

Economy Minister Hector Dada and the president of the Salvadoran Association of Industrialists Javier Siman, have released a document entitled "Industrial Policy 2011-2024."

A press release by the President of El Salvador reads:

Government and businesses back new industrial policy as a tool for economic development

NO to New Industrial Policy in El Salvador

October 2014

According to entrepreneurs the government's proposal for the development of the manufacturing sector does not include a budget nor does it specify how results will be measured.

The Salvadoran Association of Industrialists (ASI) highlighted a number of deficiencies observed in the National Policy for Development, Diversion and Productive Transformation of El Salvador.

An Industrial Policy for Guatemala

October 2015

The Government and the private sector intend to raise industry's share of GDP from 19% to 40% and triple worker's incomes by the year 2044.

The entitled document "Industrial Policy Proposal based on Competitiveness and Innovation 2016-2044 " provides a diagnosis of the current situation of Guatemalan industry and proposes new strategies to improve the sector's competitiveness internationally.

An Industrial Policy for Nicaragua

October 2016

A strategy focused on increasing competitiveness by reducing production costs and facilitating the creation of added value is what industrial enterprises have asked for.

Improving training in the use of new tools and technology and giving more value to final production are two of the main challenges faced by companies in the industrial sector. The union that brings them together is aware that the potential of the country in this sector can not be maximized if aspects affecting global competitiveness are not improved.

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