El Salvador: Exporters Give Up Incentives

Ten Salvadoran companies exporting to the Dominican Republic have agreed to forego the 6% subsidy in order to solve the trade issue between the countries.

Friday, September 24, 2010

Dominican Republic trade authorities had indicated that they would retain duties on various Salvadoran products as a response to the protectionist policies El Salvador provides its exporters.

"Most companies that export to the Dominican Republic gave up the 6% subsidy several days ago in order to avoid this problem and try to solve this conflict," confirmed Héctor Dada, Salvadoran Economy Minister, to Laprensagrafica.com.



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Dominica Lifts Restrictions to Salvadoran Products

January 2011

As consequence of El Salvador eliminating export incentives, the Dominican Republic will not impose further restrictions.

Dominican Vice Minister of Commerce, Mario Roger Hernandez, said the move responds to the approval of El Salvador's decree eliminating staring February 1st, the export incentive known as 'drawback'.

C.A. Will File Lawsuit Against Dominican Republic

October 2010

The case before the World Trade Organization (WTO) is due to high tariffs imposed on products from the region.

Representatives from El Salvador, Honduras, Guatemala and Costa Rica, decided to file a lawsuit due to the "negative effects" for the region as a consequence of the measure taken by Dominican Republic.

Commercial Differences of Dominican Republic and El Salvador Unresolved

August 2010

Despite DR-CAFTA, the Dominican Republic has retained customs duty on various Salvadoran products.

The Dominican Republic's director of Foreign Trade, Yahaira Sosa, indicated that the measures taken are a response to subsidies paid by El Salvador's government to its exporters.

Trade Between Honduras and El Salvador Returns to Normal

November 2009

All products are flowing freely across the border since last night, with the exception of eggs, which will be analyzed next week.

Both nations agreed to immediately enable the free flow of any kind of merchandise, and accorded to waive a number of trade restrictions imposed in the past weeks.

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Pimen Import

Organization that operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Dominican Republic.
Phone: (809) 916-4001

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