Delay in regulating Law for Production Promotion

The regulation establishing export incentives for "draw back" substitutes is still pending approval in El Salvador.

Tuesday, December 6, 2011

During the inauguration of the Third Meeting of Exporters, the Exporters Corporation of El Salvador (Coexport) called on the Government to establish the dates for the entry into force of the regulations on the Law for the Promotion of Production, which establishes new incentives.

Francisco Bolaños, Coexport president, stressed that "this year, exports have risen by nearly 20%, with 4.494 million exported from January to October 2011 due to international prices having reached optimum levels, however, the problem is that this as exports rise, so do imports therefore the trade balance is always maintained at 2 to 1, and that is the real challenge", reported

Henry Yarhi, President and CEO of Sigma Q Group, said: "It is necessary for exports to grow strong and consistently, but for this to happen a war must be fought on international trade and among the weapons used are export subsidies, supporting the 'cluster', and providing access to financing and technical assistance. "

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The 'Ventanilla Única para las Exportaciones' or VUPE and the Regímenes de Perfeccionamiento Activo or OPA, have launched a new unified website.

From a press release by the Guatemalan Association of Exports (AGEXPORT):

In order to offer exporters and the general public ease in obtaining information relating to the export sector, the Ventanilla Única para las Exportaciones -VUPE- and the Oficina de Regímenes de Perfeccionamiento Activo -OPA-have launched a new unified website which provides the following features:

The Foreign Trade Promotion Office of Costa Rica

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PROCOMER is a key institution and key ally of entrepreneurs in Costa Rica's export sector.

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From a letter from the CEO introducing the report:

El Salvador: No Substitute to "Drawback Law" for Exporters

February 2013

The removal of the 6% return on exports has not been compensated in practice by the laws that are intended to have a dynamic effect on foreign sales. reports that two years after MPs approved three laws intended to replace the return of 6% on exports, known as "drawback", the exporters have been "Without a bowl and without the soup".