In Honduras there are plans to develop free zones to attract companies from El Salvador who have shown their fears about the business climate in the country.
Several Salvadoran companies have shown fear over the FMLN party winning the presidential election for the second time. Aware of the concerns of Salvadorans regarding the business climate in the Central American nation, Hondurans are working on attracting those companies.
A study by the union of micro and small businesses reveals that 70% of them are victims of extortion, of which 65% do not file any complaints for fear of retaliation.
The study which included the participation of over 425 representatives of MSE's was conducted jointly by the National Council of Small Business in El Salvador (CONAPES) the MiyPEs Union and the Society of Businessmen and Industrialists of El Salvador (SCIS).
The Superintendency of Competition in El Salvador has not yet ruled on the complaints raised by the National Association of Private Enterprise for alleged anticompetitive practices.
Five months after the National Association of Private Enterprise (ANEP by its initials in Spanish) requested an investigation, it is "still awaiting a response from the Superintendency of Competition and is urging the Government of the Republic to enforce the law on equal terms and force the fulfilment of requirements under which ALBA businesses operate in El Salvador", published Elsalvador.com.
A new wind farm and the expansion of the International Airport of El Salvador, are the first two projects to be conducted under this system.
"Today (yesterday) I called a meeting with the president of CEPA (Autonomous Executive Port Commission) and CEL (Executive Hydroelectric Commission of the Lempa River) to immediately structure the first two projects: the expansion of the international airport and the wind project which the CEL is working with," said Alexander Segovia, Technical Secretary of the Presidency.
Salvadoran businessmen have pointed out that the agreement which intended to stimulate the economy and overcome obstacles to growth, has not provide great results.
Although it is more than a year since implementation of the agreement, the private sector finds it necessary to involve private enterprise more in order for the government to generate better policies to attract investment.
The company owned by Venezuela's Petrocaribe and corporate structures of FMLN is being accused by private entrepreneurs of illegal activities.
Laprensagrafica.com reports that "The accusations between leaders of the Farabundo Marti National Liberation Front (FMLN by its initials in Spanish) and directors of the National Association of Private Enterprise (ANEP by its initials in Spanish) ended up again yesterday at the offices of the Attorney General of the Republic. This time it was the executive director of the business association, Arnoldo Jimenez, who was present at the fiscal office to present a notice requesting the prosecution to investigate the company Alba Petróleos. "
The National Association of Private Enterprise in El Salvador has declared that "money laundering is enabling Alba Petróleos to dabble in various production and commercial activities in the country."
According to an article in Elsalvador.com "The Executive Director of the ANEP, Arnoldo Jimenez said that this development ‘is part of a whole scheme of money laundering, diversion of funds and corruption that exists behind Alba ', referring to 'how Alba and el Frente (FMLN) are gaining economic control through political power'. "
The same company that will invest $992 million in a port in Costa Rica sought to invest in the port of La Union but due to lack of legal certainty regarding concessions, withdrew its intentions.
Businessmen in El Salvador are increasingly unhappy about the absence of policies to attract foreign investment. Foreign direct investment (FDI) has declined in recent years, making the country the lowest recipient of FDI in Central America, according to their perception.
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