The website for the "Business Intelligence System of the Association Agreement between Central America and the European Union" summarizes the regulatory framework, procedures, market information and other topics of interest to exporting SMEs.
The Ministry of Economy of El Salvador has put online a "Business Intelligence System of the Association Agreement between Central America and the European Union", a website which aims to present the content and the benefits of the Association Agreement in a format which is simple and accessible, so that Central American exporters and importers can receive this information and maximize opportunities.
In the second round of negotiations an agreement was signed on tourism and advances made in relation to investment protection.
In the second round of negotiations for a Partial Agreement (PA) between El Salvador and Trinidad & Tobago, which was held in Puerto España, both delegations reached an agreement on tourism and advances were made in relation to investments.
On 25 and 26 November a seminar will be held to train Salvadoran SMEs in the legal regulations and requirements needed to export to the European market .
The two countries will negotiate a Partial Agreement of Economic Complementation.
A statement from the Ministry of Economy of El Salvador reads:
El Salvador and Ecuador signed on March 9th a General Framework for Negotiations of a Partial Agreement of Economic Complementation (AAP), in order to promote further development of bilateral trade relations and contribute to the complementarity of their economies, allowing progress towards a higher stage in the process of integration between the two countries.
The Generalized System of Preferences (GSP +) will extend for a further two years from 2012, until the Association Agreement with the EU becomes active.
The director of trade policy at the El Salvadoran Ministry of Economy, Carlos Moreno, said that once the country’s Assembly has ratified the Association Agreement with the EU, the GSP + will lose its scope.
Sector representatives have presented a proposal to be considered within the scope of the trade agreement.
After hearing that Peru was seeking to exclude products receiving preferential tax rates from the free trade agreement (FTA) negotiations, El Salvador's textile sector, together with the government, decided to present a different offer to be considered for inclusion within the agreement.
Both countries have finalized a feasibility study as part of the analysis of a possible free trade agreement (FTA).
The announcement came from Salvadoran Economy Minister, Héctor Dada Hirezi, who added that by June they hope to have finished analyzing the study results.
From March 8 through March 10, Salvadoran negotiators are meeting with their Cuban peers in Havana.
The meetings are in response to interest shown by Salvadoran exporters, who already export to Cuba, to create a permanent framework that will facilitate and increase trade with Cuba.
Central America is beginning the process of reviewing the final text of the agreement signed with the European Union last May.
The Trade Policy director of El Salvador's Economy Ministry, Carlos Moreno, commented that, "working groups will meet to discuss access, rules of origin and legal details in order to be able to start the process of reaching a final document for the Association Agreement with the EU," reports Prensalibre.com.
Central American countries seek to harmonize three different FTAs that have been signed with Mexico.
The basis for the new Free Trade Agreement (FTA) will be that signed most recently between the Aztec nation and the group of countries known as the North Triangle (Honduras, Guatemala and El Salvador). Adjustments will be made reflecting current conditions and requirements of all countries in the isthmus.
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