How to Boost Central American Industry

Improving performance using new sources of renewable energy and the manufacturing, food and agroindustry sectors is one of the objectives of the strategic plan put forward by industrial entrepreneurs in the region.

Thursday, May 17, 2018

The Board of Directors of the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (Fecaica), presented its strategic plan for the 2018-2023 quinquennium, which considers the issues which the region should focus on in order for the industrial sector to grow.

Enrique Egloff, president of Fecaica, explained to that " ... This strategy, which is in its initial phase, seeks to create better conditions of competitiveness and innovation, promote the use of technology and simplify procedures for creating new companies' ... these conditions are needed to ensure that the industry continues to grow and generate employment, because in recent years it has performed favorably, but not according to its potential."

For his part Juan Carlos Tefel, president of the Chamber of Industry of Guatemala, said that " ... the challenges facing Central American nations to accelerate GDP growth are related to guaranteeing legal certainty, building a true Rule of Law, facilitating trade and reducing logistics costs."

In the statement sent by the union, it was indicated that "... at the business level, they will seek to support regional industry to improve its productive and competitive capacities, promoting development and strengthening regional value chains, and integrating concepts such as energy efficiency, quality, domestic added value, cleaner production and Corporate Social Responsibility."

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More on this topic

Meeting of Central American Business Leaders

February 2014

The main issue of concern is the slow pace of intraregional trade, which in particularly is hindered by customs offices in the isthmus.

The quarterly meeting of the executive directors and presidents of the Federation of Chambers and Industry Associations of Central America (Fecaica) showed the concern of the sector over measures such as the charging at offices in El Salvador of an $18 fee for the service of scanning the cargo passing through.

Better Customs Offices to Combat Smuggling

June 2013

Central American industry is calling for strengthening of customs controls in the region, in order to contain the constant border crossings made with smuggled goods.

According to Carlos Enrique Rivera, secretary general of the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (FECAICA), at the border located in Melchor de Mencos, Peten, which borders Belize, there is no control to prevent the entry of illegal goods, which apparently heads toward Mexico, but 15% remains in Guatemala, without having made tax declarations.

Industrial Fair 2012 in El Salvador

September 2012

From 26 until 28 September 2012 at the International Center for Fairs and Conventions (CIFCO), the Eighth Industrial Fair will be held organized by the Salvadoran Association of Industrialists (ASI).

The meeting aims to promote the industrial sector’s generation of economic growth, strengthening the organization's industrial sector and to create opportunities for conducting business meetings.

Guatemala: InduExpo in June

February 2011

The Chamber of Industry of Guatemala will hold the industrial fair from the 21st to the 24th of June at the Industrial Park.

The organizers aim to engage 10.000 businessmen and to enhance the attractiveness of the region from the industrial perspective.

Arturo Zimeri, from the Chamber of Industries of Guatemala, noted that the event will showcase the value of each country's industry from a regional perspective.

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