The embassies of El Salvador are to showcase export products from their country and cooperate with private trade missions.
From a press release by the Ministry of Foreign Affairs in El Salvador:
The Foreign Minister, Jaime Miranda, and the president of the Chamber of Commerce and Industry of El Salvador, Luis Cardinal, signed on Monday September 30 an interagency cooperation agreement in the field of trade promotion of El Salvador internationally, which will allow the development of joint activities through diplomatic and consular representation of the country throughout the world.
NanYang Footwear is to invest $3 million in the country to produce footwear and export it to other markets.
From a press release from the Presidency of El Salvador:
The Taiwanese company engaged in the manufacture of footwear NanYang Footwear, in a clear commitment to El Salvador, started operations in the country by establishing and expand its subsidiary in the country under the name of ADI FOOTWEAR SA de CV, with an initial investment of $1.5 million, plus plans to invest an additional $1.5 million and carry out an expansion which will generate more than 1,000 new jobs over the next year.
The British have indicated that products from El Salvador such as coffee, sugar and crafts, have the potential to be exported to a market of over 63 million people.
In a meeting with exporters from both nations, the British Embassy highlighted the export potential of Salvadoran products. "We have identified some areas with good prospects for increasing our relationships," said Linda Cross, the British ambassador.
Toshiba has expressed interest to the Government of El Salvador in investing in the energy sector.
From a press release by the Ministry of Foreign Affairs of El Salvador:
The Deputy Minister for Development Cooperation, Jaime Miranda and the Technical Secretary of the Presidency, Alexander Segovia held a meeting today with a Japanese business delegation which has shown interest in promoting investment projects in the national energy sector.
In order to exploit the opportunities offered by the Chinese market, the Salvadoran government is studying a way to do it without affecting relations with Taiwan.
A study of relations with People's Republic of China, conducted by the Ministry of Foreign Affairs of El Salvador concluded that for this year, 2013, the country could open a commercial office in the Asian nation.
As of January 3rd, 2012 the Salvadoran Chamber of Commerce of Quebec was established with the Federal Government of Canada, and will be officially launched today.
In the statement the Consul General of El Salvador in Montreal, Veronica Pichinte said that "the active participation of Salvadorans through such initiatives helps us gain space in Quebec in the strategic area of investment and business, but it is also a very important step in the consolidation of the organization of the Salvadoran community in this province. "
A group of businessmen is traveling with president Mauricio Funes in his upcoming official visit to Colombia.
The visit is scheduled for the 23rd and 24th of February.
It is expected for the group of businessmen to participate in the tourism fair "Tourism Showcase ANATO 2011", which will be inaugurated by the two presidents. At least 10 tour companies from El Salvador are expected to attend, exhibiting their work and tourist packages.
The bid is to perform maintenance and restoration works on three properties in the United States.
These properties are the premises of the Embassy of El Salvador and the Ambassador's residence; both in Washington, DC, as well as the permanent headquarter building of El Salvador at the United Nations in New York.
The agreements will make alternative sources of finance available to the countries for development projects.
The initiative is referred to as the Building Remittance Investment for Development Growth and Entrepreneurship (BRIDGE) and seeks to "strengthen economic growth through remittances sent from abroad as part of a goal to bring more people into the financial system," according to voanews.com.
The countries signed a Memorandum of Understanding in the tourism field to promote El Salvador in the European nation as a tourist destination.
The signing of the document was done with the aim of developing relations between El Salvador and Czech Republic in the tourism field, in order to exchange technical information, statistics and materials promoting tourism, so that mutual understanding could be improved.
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