españolInsurance: Growth Potential in El SalvadorWednesday, May 15, 2019 In 2016, only 22% of the population had insurance in the event of a claim, and that proportion is now 26 %. A study on the perception and penetration of insurance in the country, carried out by the Salvadoran Association of Insurance Companies (ASES), states that 23% of people who do not have insurance are for lack of knowledge or interest in this service. Use of High-Sulfur Fuels ProhibitedTuesday, May 7, 2019 On April 28, a ban on the import and marketing of high-sulphur diesel began in El Salvador. At the end of November 2018, the Legislative Assembly approved a ban on the import and commercialization of fuels with a high sulfur content, mainly diesel for vehicular use, which must be applied in its entirety based on the resolution of the Council of the Minister of Economic Integration of Central America (COMIECO), where a commitment is signed to import and commercialize only fuels with a low sulfur content. Exporters: Online System to Identify OpportunitiesMonday, May 6, 2019 In El Salvador, the Ministry of Economy announced the implementation of a digital platform providing exporting companies with statistical information to explore potential markets. Salvadoran authorities reported that the "Trade Intelligence System" provides up-to-date statistical information on global foreign trade, as well as the country's exchange with each of the world's nations. El Salvador Opens Embassy in ChinaTuesday, April 30, 2019 Through the new diplomatic headquarters in Beijing, the Salvadoran government aims to deepen relations with the Asian giant. The opening of the Salvadoran government's embassy in China will help to further strengthen the relationship of friendship, trade and cooperation between the two nations, reported the Ministry of Foreign Affairs of El Salvador. Fruits & Vegetables: Bureaucracy Causes LossesWednesday, May 8, 2019 Importers in El Salvador report losses in shipments coming from Guatemala and Honduras, because of the tedious procedures that have become in Salvadoran customs. Representatives of the Asociación Gremial Empresarial de Exportadores e Importadores de Frutas y Verduras de El Salvador (AGEIFVES), estimate that losses caused by delays in customs procedures could reach up to 50%.
MARKET STUDY
Paper and Cardboard: Business up 2%Thursday, May 16, 2019 In the first nine months of 2018, imports of paper and cardboard in Central America totaled $1.806 million, recording a 2% increase over the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Controversy Over TV ImportMonday, April 15, 2019 In El Salvador, the Ministry of Economy drafted a bill to regulate the commercialization and importation of devices not compatible with digital television, but the Superintendence of Competition failed to endorse it. At the end of 2018, the country began its transition to digital television, since the state-owned TV channel Canal 10 began broadcasting the open digital signal, and it was reported that in the next three years it will have to be implemented by private TV stations.
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Sugar: Production in El Salvador Increases 5%Tuesday, May 14, 2019 For the 2018-2019 harvest was reported in the country the production of 17.1 million quintals of sugar, 5% more than the 16.4 million quintals recorded in the previous harvest. Data from the Salvadoran Council of Sugar Agroindustry (CONSAA), specify that the 17.1 million quintals of sugar harvested in the 2018-2019 cycle, represents the highest production recorded in the last six years in the country.
MARKET STUDY
Fridges: Imports go down 12%Wednesday, May 15, 2019 Between January and September 2018, companies in Central America imported $291 million in fridges and freezers, 12% less than in the same period last year. In the first nine months of 2018, Central American countries imported $291 million in fridges and freezers, and 42% was purchased by companies in Guatemala and Costa Rica. Restaurants: Market Figures in El SalvadorMonday, April 1, 2019 It is estimated that in the country there are about 800 restaurants that employ approximately 26 thousand people, and together generate $710 million in annual revenues. The study carried out by the Universidad Tecnológica de El Salvador (UTEC) and the Asociación de Restaurantes de El Salvador (ARES), states that 82% of restaurants are in the central area of the country.
MARKET STUDY
Paint and Varnish Trading Falls 9%Tuesday, May 14, 2019 In the first nine months of 2018, trade in paints and varnishes between countries in the region totaled $91 million, down 9% from the same period in 2017. Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics] Textile Sector Needs More Job FlexibilityTuesday, May 14, 2019 Because there is still no regulation for part-time employment in Guatemala, textile businessmen estimate that the country loses between 40 and 70 thousand jobs. For representatives of the Costume and Textile Commission (Vestex), the high operating and labor costs in Guatemala cause businessmen to send cut pieces to Honduras, El Salvador and Nicaragua to be assembled. Frozen Fruit Export: Growth is StagnatingTuesday, May 14, 2019 The strong growth reported in past years in foreign sales of frozen fruit from Costa Rica has declined, a situation that businessmen believe is because of market saturation. According to data from the Foreign Trade Promoter (Procomer), between 2016 and 2017 foreign sales of frozen fruit grew 21%, from $65 million to $79 million, but for the period between 2017 and 2018 the increase was just 1%, going from $79 million to $80 million. Customs Problems: Contingency Plan ExpandedTuesday, May 14, 2019 Until May 20, the validity of the regional contingency plan was extended to customs, which was activated because of the difficulties generated by the use of the Central American Single Declaration. Since May 7, when the Single Central American Declaration (DUCA) was implemented at the regional level, the situation in customs has been complicated, because of multiple difficulties reported in the import and export processes arising from the implementation of the new system. Commercial Sector: $1.793 Million in InvestmentsMonday, May 13, 2019 During 2018, 345 environmental impact studies were presented for the construction of commercial buildings in Central American countries, with Costa Rica and El Salvador representing the largest share of the estimated investment. The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country. |
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Monday, May 20, 2019 - last update: 6:13 pm
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