El Salvador: Industrial Fair in October 2010Friday, October 1, 2010 The Salvadoran Industrial Association will host the Sixth Congress and Industrial Fair 2010 from the 14th to16th of October. The event will feature 125 exhibitors including 15 embassies representing foreign companies. Industrial Exports StalledTuesday, October 16, 2012 The Salvadoran industry sold $3,649,000 worth of goods between January and August 2012, 0.5% less than in the same period in 2011. The decline occurred despite a 8.5% increase in export volumes, which reached 2.009 million kilograms, 158 million more than in the previous year. El Salvador: Exporters Have Incentive OptionsThursday, January 13, 2011 Among incentives applied in short term is the implementation of improved energy rates and changes in collection of VAT. “Fearing a drop of up to 15% in exports caused by the elimination of the 6% subsidy, Rigoberto Monge, advisor to the Salvadoran Association of Industrialists (ASI), said the proposal of the Ministry of Economy (MINEC) should be supplemented with the creation of very specific tools supporting the industrial sector and exporters," reports the article in Laprensagrafica.com. The Industry of El Salvador Declaims BureaucracyTuesday, September 6, 2011 Industrialists have complained to the government about the excessive paperwork and arbitrariness of some officials, which is impeding trade. Businesses unionized under the Salvadoran Association of Industrialists (ASI) presented their complaints about delays in carrying out routine procedures and in obtaining permits. News in El Salvador IndustryThursday, April 18, 2013 The sector has to deal with high energy costs, poor infrastructure and excessive government bureaucracy, which is hampering growth and reducing competitiveness. A statement from the Salvadoran Association of Industrialists (ASI) reads: Salvadoran Shoe Exports UpMonday, January 14, 2013 As of November 2012, exports totaled $41.8 million, which is 14% higher than the $36.7 million in the same period in 2011. In terms of volume, an increase was also reported. For the same period in 2011, exports were 3.6 million kilos, while in 2012 the total was 4 million. El Salvador Export Procedures UpMonday, March 28, 2011 During the first two months the Central Bank reported a 34% increase in export paperwork over the same period of 2010. Carlos Acevedo, president of Central Bank, notes that the data is positive and a good indicator of what o expect of exports for 2011. Dairy Conflict Still Unresolved Between Honduras and El SalvadorWednesday, July 14, 2010 The Honduran Industrial Association (ANDI) has requested the government get involved to solve the dairy conflict with El Salvador. García Merino, ANDI director, told La Tribuna that, "we believe the integration process should be fluid, transparent and quick. This issue has come about because the documents needed to ratify the process have still not been signed, leading to delays in the ratification of the Unified Customs system. Grupo Calvo Increases Investment in El SalvadorFriday, January 4, 2013 The tuna company will invest between five and ten million dollars this year in order to increase its production infrastructure. Grupo Calvo’s CEO in Central America and the Caribbean, Michelangelo Peñalva, without specifying the amount, said that the planned investments will contribute to the creation of 400 new jobs. "Every year investments have always hovered between five and ten million dollars, but what is happening is that we are redefining a bit what the determining factors will be." Costa Rica: Industrial and Export FiguresTuesday, May 24, 2016 Industry says that the 7% increase in industrial exports in the first quarter of the year corresponds to free zones, while foreign sales by companies outside of the regime fell by 0.3%. The industrial association is still blaming the poor results on the loss of competitiveness caused by the exchange rate differential and high production costs. Industrial Sector Disputes Cost of Cargo RevisionThursday, February 23, 2012 The Salvadoran Association of Industrialists has expressed its disagreement with a draft reform of the Customs Simplification Act. A press release from the Salvadoran Association of Industrialists (ASI) states: Salvadoran Paper and Cardboard Exports Up 24%Monday, July 11, 2011 In the first five months of the year, exports of paper, cardboard and even graphic arts products have increased by 23.81% compared to the same period in 2010. Jumex in Search of New MarketsWednesday, October 20, 2010 From their plant in El Salvador, the company will begin exporting to the U.S. and Puerto Rico in 2011. With a $ 20 million investment, the company built a plant in El Salvador for the processing of fruit juices and nectars, which will export to Central America, Dominican Republic and southern Mexico. El Salvador: Free Zone Generates BenefitsTuesday, May 24, 2011 A private report has analyzed the contribution of the scheme to economic activity. 80 000 direct jobs and more than 2230 thousand dollars in products exported in 2010 are some of the results achieved by companies operating under the free zone system and active improvement scheme in El Salvador. El Salvador: Proposal for 'Drawback' RemovalWednesday, December 8, 2010 The Minister of Economy submitted to the National Assembly a draft bill that would remove the 6% export incentive. Hector Dada Hirezi, Minister of Economy, said the country has had the obligation to eliminate this incentive since 1990. |
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