A government decree will limit the purchase of foreign certified seeds of maize and beans, prioritizing Salvadoran producers.
The first article of decree number 198 (which has already been sent to Legislature) states, "certified maize and bean seeds may only be purchased if they are from Salvadoran producers and meet the technical specifications."
Sector representatives have presented a proposal to be considered within the scope of the trade agreement.
After hearing that Peru was seeking to exclude products receiving preferential tax rates from the free trade agreement (FTA) negotiations, El Salvador's textile sector, together with the government, decided to present a different offer to be considered for inclusion within the agreement.
The 20-floor office building, which required an investment of $45 million, will open its doors in November 2009.
The developer of the third tower of the World Trade Center, Group Agrisal, has planned to inaugurate the building in November with 100% occupancy. The spaces that have already been sold will be occupied by some 40 businesses.
The journalist Lourdes Quintanilla writes for Elsalvador.com: "AGRISAL invested $45 million in the entire tower. Five hundred direct jobs have been generated on the architectural and construction side of the project in addition to the network of subcontractors that provide services and material."
Faced with limited access to credit, the textile industry is looking to find financing abroad.
Jose Escobar, leader of the Salvadoran Chamber of the Textile Industry (CAMTEX), noted that the problem continues to be the risk analysis that is being used to evaluate them.
Lourdes Quintanilla reported the leader's statements in her article in Laprensagrafica.com: "This topic is the most difficult one for us because our industry has been misinterpreted regarding its value. The textile and clothing industry continues in the category labeled maquila, i.e. only assembling parts. This industry has made progress in the verticalization of the industry, and in offering complete packages (making garments from the first thread to packaging for sales)."
Better prospects for coffee and maize production compared to 2010, are generating a sustained demand for credit in El Salvador for these sectors.
According to information from Banco de Fomento Agropecuario (BFA) from January 2011 until July 13, 201 loans were granted to the coffee sector, totaling $11.03 million, of which 60% was allocated to maintenance .
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
Industrias Gabriela is a non-woven textile manufacturing company located in Tegucigalpa, Honduras, Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (504) 229-0072