El Salvador: $3.2 Million in Losses From Closed Border

Closing the border with Honduras to trade for 48 hours translated to a loss of $3.2 million and jeopardizes export activities.

Tuesday, June 30, 2009

That’s how the president of the Chamber of Commerce, Jorge Daboub put it, and he added that exporters of perishable goods were the most jeopardized, especially fruits and vegetables.

Roberto Alas interviews the president in his article on Elsalvador.com: “We don’t agree with the measure because political problems like this should be resolved diplomatically and not with trade measures.”

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Hondurans Denounce Delays in Acajutla Port

October 2016

Importers have denounced the fact that they are having to pay up to $5,000 for each container for inspections and the extra time that they have to wait in the Salvadoran terminal.

Companies affiliated with the Chamber of Commerce and Industry of Cortes (CCIC) report that their containers are spending up to 30 consecutive days in detention in the Salvadoran port of Acajutla, causing delays in shipments of merchandise and "... losses of up to $150,000 a week" .

El Salvador: CCIES Reelects President

February 2010

CCIES, the Salvadoran Industry and Commerce Chamber, elected Jorge Daboub for a consecutive fourth term as president.

At the general assembly of the Chamber, which took place at the Sheraton Presidente Hotel on Thursday, Jorge Daboub, an industrial and trading businessman, was elected again as president.

Estimated Losses From Closed Borders is $36 Million

July 2009

ANEP of El Salvador calculates the trade embargo with Honduras produced $36 million in losses each day for Central America, as calculated globally.

For the Salvadorian textile industry in particular, the border closing meant estimated losses of $1 million in exports and 4,000 workers sat idle, according to calculations from the Salvadorian Chamber of Textile, Confection, and Free Trade Zones Industries (CAMTEX, acronym in Spanish) published in Elsalvador.com. At the same time, the organization estimates that Honduran factories lost $700,000 in exports to El Salvador.

Improved customs traffic sought in El Salvador

December 2008

The level of customs risk for exporting companies will be evaluated jointly by the private sector and the authorities.

The evaluation will take place in order to speed up the processing of merchandize and to improve global fee trade indicators.

Under the Business Alliance for Secure Trading project, promoted by the Chamber of Commerce and Industry of El Salvador (CCIES), the private sector is seeking to minimize the risk that exporters face from customs processes, providing them with a certificate which to date is not approved by the government sector.

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