Eurobono approved for Panamanian exporters

With Eurobono, exporters will temporarily be exempted from facing disadvantageous conditions due to export tariff to the European market.

Monday, January 5, 2009

According to prensa.com, "in the original bill the point which granted the benefit only to exporters who had been sending their products to Europe before December 31, 2008 was modified."

The Union of Non-Traditional Agro-exporters had requested that the paragraph be modified as they considered that date to be exclusive. And their request was granted."



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Benefits Extended for Exporting to Europe

July 2011

El Salvador will sell goods to Europe, over the next 2 years, under the terms of the Generalized System of Preferences (GSP) and the Association Agreement.

For two years Salvadoran businessmen to sell their products in Europe may do so not only with the GSP benefits, but also the benefits of the Association Agreement (AA) with the European Union.

Government of Panama to compensate exporters.

December 2008

Negligence on the part of Panamanian authorities that led to the loss of preferential tariffs granted by the EU will be covered with public funds.

Yesterday the vice minister of Foreign Trade, Severo Sousa, promised a group of organized exporters that he will present an aid package for the export sector to Cabinet that will include reimbursing tax paid in Europe via a compensation fund.

Panama could be left without SGP+

December 2008

Exporters requested an explanation from the Government for the negligence that will probably exclude the country from the preferential tariffs system.

"It will be very difficult to correct this error, and even more difficult for the EU to break its procedure in order to help Panama, since they would be setting a precedent for other countries that did not complete the requirements either," said the president of the Chamber of Commerce and Industry, Adolfo Linares.

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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