Representatives from the Chinese conglomerate CITIC Group visiting El Salvador met with the government in order to find out about business opportunities existing in the country.
From a statement issued by the Agency for Export and Investment Promotion of El Salvador (PROESA):
The Government of El Salvador, through a team of heads of various institutions, received today a delegation from CITIC Group, a conglomerate originating in China which has become a transnational, and which does business in 56 categories, both financial and non-financial. With the intention of showcasing the advantages of El Salvador as an investment destination the group's agenda begins with a meeting with William Granadino, president of the Promotion Agency for Export and Investment in El Salvador (PROESA); Luz Estrella Rodríguez, Deputy Minister of Economy (MINEC) and Marta Evelyn de Rivera, vice president of the Central Reserve Bank (BCR).
In the first round market access issues, rules of origin, customs procedures, sanitary and phytosanitary measures and technical barriers to trade were reviewed.
The aims of the first round of renegotiation are to provide updates and open spaces to new sectors not covered by the partial agreement signed in 1986 and for the November 17 a second round will be start which will be concluded in early 2015.
The company Alba Petróleos is preparing to enter the Salvadoran propane market in December.
At the beginning of its operations, the company may cover only 3% of the domestic market which is currently served by four companies, Tropigas, Z-Gas, and Total Gas and Tomza.
An article in Elsalvador.com by Luz Estrella Rodríguez contains quotes by the vice president of Alba Petróleos: "The gas will be stocked by a company in Honduras and will be unloaded to the 5,000 barrel capacity tank that has already been built in its plant located in Puerto de Acajutla, Sonsonate , as well as to other locations that are available in the port of La Union and that Alba Petróleos plan to rent. "
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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