Opportunities have been identified in the Bolivian market for products such as antitussives, nappy rash creams, central nervous system stimulants, chlorhexidine soap and veterinary products.
From a statement issued by the Ministry of Economy of El Salvador:
Senior leaders of the Salvadoran Pharmaceutical ChemicalIndustry grouped together under Inquifar held a working meeting this afternoon with delegations participating in the Second Round of Negotiations to reach a Partial Scope Agreement between Bolivia and El Salvador.
Certification processes in Good Manufacturing Practices in companies in the sectors of food and beverage and pharmaceutics will be financed by up to 80%.
Support for the program "Export to Quality" aims at improving the level of quality defined by companies in the food and beverage and pharmaceutical chemist, so that they can access markets in the United States and Central America, complying with regulations and standards of product quality demanded by consumers. The program provides certification in Good Manufacturing Practices through the development of specialized training modules and technical assistance given to participating companies for which the financial support of 80% of program costs will be provided and linkages will be made with other funding sources such as FONDEPRO and Bandesal to develop projects that improve the productive infrastructure of the participating companies.
The Peruvian exporters union has estimated at $985 million the untapped trade potential between the two countries , mainly in the chemical, agricultural and agro-industrial subsectors.
Most of the unexploited trade opportunities identified by the Exporters Association of Peru are to be found in the chemical subsector, which include "... perfumes and colognes, tires, insecticides or sodium hydroxide, among others, with a potential value of $293 million. "
The import and sale of toxic chemicals and reagents included in Schedules 1, 2 and 3 of the Chemical Weapons Convention of 1998 are banned.
From Decree 672 published in La Gaceta:
Article 5. A natural or legal person who imports or exports, must present to the
National authority, a declaration ninety (90) days prior to the entry or exit
of any substance in Schedule 1l, for research purposes, reasonable use, pharmacy or protection.
Guatemalan companies which supply chemicals for industry have created the Union of Manufacturers and Distributors of Industrial Chemicals.
From a statement issued by the Chamber of Industry in Guatemala (CGI):
The Chamber of Industry in Guatemala presents the newly formed Union of Manufacturers and Distributors of Industrial Chemicals (GREQUIM), representing an industrial platform that helps promote mechanisms at the national and international level to improve competitiveness of the sector and the country.
Further increases in the prices of plastic products are projected due to the global shortage of monomer, the main raw material for manufacturing these products.
The global supply of raw material for plastic manufacturing has not kept pace with demand, leading to a shortage of materials such as ethylene monomer, "... whose price is around $1,500 per ton, comapared to previous years when it was between $600 and $800. "
Due to a Union dispute the control area of medicines and related products remains closed, preventing the import of chemicals and drugs.
The National Health Laboratory Services and the Food and Drug counter at the Ministry of Health are also closed. This situation affects the private sector, as there is no ability to complete the paperwork for "... importing of manufactured drugs, affecting not only the chemicals and pharmaceutical industry, but also food, sugar mills, agrochemicals, etc. . Fernando López, president of the Chamber of Industry of Guatemala (CIG), reported that if this situation continues losses could amount to $100 thousand (about Q776 thousand). "
Growth in demand for chemicals and good prices have led to an increase in the sector's exports, which reached $468 million in the first 9 months of 2011.
Growth of Guatemalan exports to other countries of the isthmus has been widespread, amounting to $2,091,000 at the end of the third quarter of 2011, which is 18.3% more than in the same period in 2010.
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Phone: (506) 225 4786