Under the free zone system around 240 000 Salvadorans are employed directly and indirectly.
Tuesday, May 31, 2011
Free zones in the country have become one of the main drivers of economic dynamism in the country.
Not only do they generate employment but the productive links that connect other sectors of the economy create a dynamism that is reflected throughout the economy as a whole.
An article in Elmundo.com.sv notes, "according to a production chain survey conducted in 2009 by the Chamber of the Textiles, Clothing and Free Zones in El Salvador(CAMTEX), for every dollar exported in that year, $0.49 of it represents purchases in the national market of goods and services. Most notably, this sector is one of the largest exporters in the country.
Once again the Presidency has spoken out to calm investors denying the insinuations of a Deputy Minister related to opening up the discussion on the free trade zone regime.
According to an article in Crhoy.com, the Deputy Minister of Labour, Harold Villegas, mentioned in the framework of the International Forum of Social Solidarity Economy that "as a society we should discuss the activities that should or should not be tax-free and although free zones functioned well in a moment of history, it's time to move towards a system of greater tax justice and for a more open discussion to take place. "
The Panamanian government has organized an event to promote and share experiences among free trade zones in the country.
In order to promote the national and international advances the country has made by implementing and using the free zone regime, the government has opened the first forum on the subject, called "The Present and Future of Free Zones."
Such is the desire of Salvadoran textile businessmen, who hope to transform the country into a more attractive destination for foreign investment.
CAMTEX, the Textile and Apparel Chamber, explained they are having talks with the government to draft a new law which complies with WTO requisites (World Trade Organization).
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