The union of transporters has warned that if the increase in the fuel tax is approved, "the cost of transporting cargo to Guatemala will rise by $12.75."
In El Salvador, the decision taken by the Sanchez Ceren administration not to attend the main business event in the country reveals either disinclination, inability to govern, or simple political manichaeism.
EDITORIAL
Maybe it is a persistence of visualizing the world as it was in the last century, dividing it into two antagonistic parties, capital on the one hand and labour on the other.
In Honduras there are plans to develop free zones to attract companies from El Salvador who have shown their fears about the business climate in the country.
Several Salvadoran companies have shown fear over the FMLN party winning the presidential election for the second time. Aware of the concerns of Salvadorans regarding the business climate in the Central American nation, Hondurans are working on attracting those companies.
The improvised implementation of a new system of customs administration and the opposition to the collection of $18 for each declaration of goods is already affecting regional trade.
The implementation of an inspection system for cargo transportation in El Salvador has not only generated traffic chaos but has also caused delays in intraregional trade.
In El Salvador, the debate over the advantages and disadvantages of dollarization has been reignited, as the government is in need of resources for funding its programs.
President Funes has regretted that Dollarization has limited El Salvador from taking actions to combat the economic crisis. However, Augusto De la Torre, chief economist for Latin America and the Caribbean at the World Bank, repeated that dollarization is not an obstacle, and that in the case of Panama and El Salvador it has been key to relieve them from external pressures and exchange rate volatility.
ANEP of El Salvador calculates the trade embargo with Honduras produced $36 million in losses each day for Central America, as calculated globally.
For the Salvadorian textile industry in particular, the border closing meant estimated losses of $1 million in exports and 4,000 workers sat idle, according to calculations from the Salvadorian Chamber of Textile, Confection, and Free Trade Zones Industries (CAMTEX, acronym in Spanish) published in Elsalvador.com. At the same time, the organization estimates that Honduran factories lost $700,000 in exports to El Salvador.
The Salvadorian National Association of Private Companies received its Honduran counterpart, Cohep, to analyze the commercial situation.
The Honduran Private Business Council (Cohep, acronym in Spanish) will provide a presentation about the situation that Honduras is going through and the impact it is having on the business sector with losses in the millions.
A potential energy crisis forces Central America to join efforts in this matter with itself and with Latin America.
It is very important that governments do not interfere with the progress reached so far, as well as with future projects.
This was one of the conclusions reached yesterday in the electric integration panel of the 4th Ibero American Business Encounter, hosted by the National Association for the Private Enterprise
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...