El Salvador Maintains GSP +

Having ratified constitutional reforms in compliance with ILO conventions, tariff benefits with the EU will remain.

Monday, June 1, 2009

Vilma de Calderón, president of the Corporation of Exporters of El Salvador (COEXPORT), said the export sector, which is negotiating with the European Union, regained its tranquility with the ratification of Articles 47 and 48 of the Constitution.

Reporters Irene Valiente and German Rivas German wrote for La Prensa Grafica: "COEXPORT has more than 300 companies registered that export to Europe, or that are making efforts to sell to this market made up of 27 nations, to which 7 thousand products can be sent without paying tariffs due to having GSP +.
According to Calderón, another benefit that Salvadoran exporters have is that European investors may decide to remain in the country for a longer period of time, among these the Spanish Company Calvo tuna.”

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El Salvador: GSP+ Benefits Until 2011

October 2009

A series of tariff benefits granted by the European Union to El Salvador, under the Generalized System of Preferences (GSP+) will be extended until 2011.

An investigation by the EU concluded that El Salvador complies with labor rights established in Article 2 of the International Labour Organization.

Tariff Benefits with Europe at Risk

May 2009

If the Salvadoran Constitution is not amended so that it is in accord with ILO requirements, the country would lose GSP benefits.

In order for El Salvador to continue enjoying the Generalized System of Preferences (GSP) tariff benefits, Articles 47 and 48 of the Salvadoran constitution must be amended so that they will be in agreement with International Labor Organization (ILO) pacts regarding unionization and collective bargaining in the state sector.

EU extends trade benefits to Costa Rica

December 2008

The European Commission announced that it will grant tariff free access to thousands of Costa Rican products starting next year and until 2011.

The measure from the EC grants an extension of the General Preferential System (SGP-Plus) to Costa Rica and 15 other developing countries, including, several from Latin America.

El Salvador to keep SGP in effect in 2009

September 2008

El Salvador can count on the General Preference System (SGP Plus), which allows it to export certain products to the European market tariff-free.

The European Union (EU) grants this preferential tariff system to several countries, including those in Central America, in exchange for a series of requirements such as the ratification of World Labour Organization (WLO).

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