Officials are considering issuing bonds or taking loans to finance the expansion of AIES International Airport.
Guillermo López Suárez, president of CEPA, the Airports Authority, explained they need $25 million to fund the expansion, and that they must study priorities, as this transaction would increase the country's level of debt.
Having ratified constitutional reforms in compliance with ILO conventions, tariff benefits with the EU will remain.
Vilma de Calderón, president of the Corporation of Exporters of El Salvador (COEXPORT), said the export sector, which is negotiating with the European Union, regained its tranquility with the ratification of Articles 47 and 48 of the Constitution.
The export sector seeks a 4-year extension of the 6% refund, which expires at the end of 2010.
Both the Corporation of Exporters of El Salvador (COEXPORT) and the Salvadoran Association of Industrialists (ASI) are requesting a 4-year extension of the 6% refund or drawback for exporters from the new government.
Exporter and the government expect that demand will not dry up due to the global situation.
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.
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