Transport Strike Causes $24 Million Losses

Salvadoran businesses estimate massive lost earnings due to the strike by bus and coach transport companies.

Friday, September 10, 2010

El Salvador's Chamber of Commerce indicated that the transport strike led to the closure of 40% of businesses in three of the country's largest cities, San Salvador, Santa Ana and San Miguel.

El Nuevodiaro.com.ni reports part of a communication by the business organization: "losses are estimated to be $24 million, representing criminal damage to the economy. Stores have been severely impacted by this strike and the corresponding uncertainty felt by the country. The government has been asked to review the issue since things cannot be allowed to continue like this".

More on this topic

Regional Freight Strike

July 2013

The Central Council of Transport has announced a three-day strike in protest against El Salvador levying a tax on freight carriers of between $35 and $250.

Laprensa.com.ni reports that "the measure will affect all regional trade, because the rest of the international freight carriers from the isthmus will join the strike 'in solidarity' in order to send a message to other governments who have created new taxes on trade merchandise ... ".

Losses in Free Zones Due to Customs Strike

June 2012

Salvadoran business associations are calling for dialogue and rapid lifting of the strike in order to avoid generating further losses and a possible 'stagnation of exports'.

The vice president of the Miramar zone, Ricardo Avila, reported that none of customs offices in the free zones are operating.

Region Loses $900 million a Year to Organized Crime

February 2012

Criminal activities in Central America cause a loss of $900 million for regional trade, said the Federation of the Chambers of Commerce of Central America.

In El Salvador, $600 million was lost due to armed robberies, and in Honduras, the figure is $150 million a year, reported merchants from the isthmus .

Protests in Panama Responsible for "millions lost"

February 2012

The local economy is beginning to be affected by the negative impact of the road closures by indigenous people in the province of Chiriqui.

The dairy industry, as well as horticulture, fuel transportation and goods such as drinks and beer are facing extra costs associated with recent events.

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