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.
Proposed reforms to the country's Acquisitions and Contracts law, combined with a $1.4 million investment, would enable MSEs to bid for government contracts.
If the bill is approved by congress, the government procurement, acquisitions and contracts law (known as Lacap in Spanish) MSEs would obtain 12% of state purchases.
El Salvador's Ministry for the Economy, in partnership with the country's commission for micro and small enterprises (MSEs), is holding meetings with businesses with the aim of training them in public procurement processes.
The government's plans include increasing training programs and easing access to banking credit for SMEs.
The authorities will also work in regulating informal businesses, for them to be able to access SME benefits.
"... the benefits of formality, like registering their brands and inventions in the National Registry...; we will create one-stop processes to speed up paperwork on the different government entities involved in starting and operating a new company...", reported Elsalvador.com.