Salvadoran exports increase despite crisis
Exporter and the government expect that demand will not dry up due to the global situation.
Thursday, September 25, 2008
The president of the Salvadoran Corporation of Exporters (Coexport), Vilma Calderon, explained that this behavior is rare. "Exports have not fallen at all, instead they have increased by 20% as of August, they are three times the growth rate for 2007 when we grew 7.5%. We are now growing at 20%, this is very unusual because we have grown in non-traditional products exported to markets in the United States and Central America," the Corporation's representative pointed out.
In the first three months of this year, Guatemala exported 849.77 million dollars worth of goods to the United States, an 11.71 per cent increase over the same period of 2007, despite the prospect of a slowdown in the U.S. economy.
The chief economist at the Central American Bank for Economic Integration (BCIE), Pablo Rojas, said that the regions possibilities for export to the United States continue to be favorable despite the economic recession that is affecting the country to the north.
New FDA regulations address security concerns and carry penalties starting in $5.000.
Producers in the province of Cocle have made direct contracts with supermarket chains to place their mini watermelons in the United States.
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