In the second round of negotiations an agreement was signed on tourism and advances made in relation to investment protection.
In the second round of negotiations for a Partial Agreement (PA) between El Salvador and Trinidad & Tobago, which was held in Puerto España, both delegations reached an agreement on tourism and advances were made in relation to investments.
This week Authorities from both countries will begin a second round of negotiations for a partial scope trade agreement.
This week El Salvador and Trinidad & Tobago will hold a second round of negotiations for a Partial Scope Agreement. The main products exported by Salvadorans to this country are articles made of plastic, sugar, agricultural products, industrial products, clothing, iron, steel, plastic, paper and cardboard.
The authorities at customs offices in Guatemala and Honduras have opened new routes for regional transit of goods between the two countries.
The aim of the opening of new routes at the borders between the two countries, in El Florido and Agua Caliente, is to streamline regional trade which has been blocked because of the protests over the application of a fee of $18 in Salvadoran customs offices for X-ray inspection of trucks.
Delegations from both countries have concluded the first round of negotiations for a partial trade agreement which they hope to sign in the first half of 2014.
Eleconomista.net reports: "Added to this trade agreement, as part of the same negotiation, is an agreement for cooperation in tourism and other investment protections, said the Vice Minister of Foreign Trade of El Salvador, Mario Hernandez ...".
On 20 and 21 May, representatives from more than 20 countries in America will discuss in El Salvador the features of this tool and its influence on foreign trade.
From a press release issued by the Ministry of Economy in El Salvador:
El Salvador has been selected as the site to host the Third Meeting of Single Foreign Trade Windows, an event that is sponsored by the Inter-American Development Bank and will be attended by representatives from 27 countries of Latin.
Canada is putting pressure on El Salvador to adopt better labor and environmental standards as a condition for signing a free trade agreement.
Rigoberto Monge, from the Office of Private Sector Support for Trade Negotiations (ODASP), explained that as negotiations advance, Canada has made new demands relating to "key labor and environmental aspects", reports Siglo21.com.gt.
The Ministry of Economy has announced that a new agreement on textiles has come into force under the FTA signed between Mexico and the countries that make up the Northern Triangle.
The agreement was reached with the Regional Integration Committee (CIRI by its Spanish initials), which is responsible for ruling on the supply shortage of raw materials. It allows industries to obtain supplies from other markets, preserving the origin of their products and to export under the conditions of the Treaty.
The Economy Ministry will submit the draft to the Legislative Assembly during the first half of 2011.
According to representatives of the private sector the project is 90% complete.
"The World Trade Organization (WTO) determined, after two extensions, that the country should, by 2015, replace the incentives for the establishment of enterprises operating in free zones, as stipulated in current laws. The country will make annual assessments to determine progress and compliance of the extension," writes for Elmundo.com.sv Kriscia Recinos.
The country maintains a negative trade balance, even after signing seven Free Trade Agreements (FTA).
El Salvador has Free Trade Agreements with the United States, Chile, Dominican Republic, Taiwan, Colombia, Panama and Mexico. It maintains negative trade balances in all of them, with the exception of Dominican Republic.
Mario Hernández, economy vice minister, told La Prensa Gráfica that “the country has had a structural negative trade balance for many years, as a result of a small exporting sector in comparison to large demand for foreign goods, in addition to low productivity”.