Course summary: trade and business in El Salvador
El Salvador is situated in a strategic position in Central America, which gives it
advantaged access to the most important Latin American and United States markets.
Macro economic stability in El Salvador allowed to close with a 4.7%
economic growth rate of the Gross domestic product, higher than the 4.2% of the previous year.
Inflation in El Salvador has decreased since the 90, until reaching a rate of 4,9%, the lowest rate at
regional level.
This is a result of reforms that the Government of El Salvador implemented
in 1989, with the goal of stabilizing the economy to attract
Foreign direct investment
(FDI): deregulation of fuels, fiscal reforms, elimination of
International trade barriers, strengthening of public
finances, reforms to the financial
system and reforms to monetary integration policy, which stipulates that the United States dollar is the official currency of El Salvador since the law came into effect.
The aforementioned has led El Salvador to obtain recognition from prestigious International entities that have distinguished
El Salvador for its Economic stability, ease of doing business, and competitiveness, among other aspects.
Example of the course doing business in El Salvador (English):
Case study
In 2001, after establishing an excellent business relationship with the Investment Promotion Agency (PROESA), Grupo Calvo,
with presence in the 5 continents, decided to install its biggest tuna
processing factory in El Salvador. The new factory, built in the Pacific coast
of the department of La Unión, in the eastern zone of El Salvador, provides jobs to
3,000 employees around the world, 50% of them living in El Salvador.
Pettenati is one of the most important textile companies in
Brazil. Pettenati started operations
in El Salvador on November 2008 like easiness to reach the
United States market taking advantage of the different Free trade agreements. .
SYKES is a global leader in providing customer contact management
solutions and services in the business process outsourcing (BPO) arena. In 2001
the company research Latin America and the Caribbean in search of a destination
to install a contact center. They found many of these factors in El Salvador and
started operations in 2003, with such success that they underwent growth in 2006 and in 2008. SYKES El Salvador has 1,400 employees.
Free trade agreements of El Salvador:
FTA Mexico - Northern Triangle (El Salvador, Guatemala and Honduras),
Dominican Republic, Chile,
Panama,
Taiwan,
CAFTA-DR United States - Central America- Dominican Rep FTA..
The Republic of El Salvador occupies an area of 21,041 Km² in the north of Central America.
Borders of El Salvador: Guatemala, Honduras
and Nicaragua.
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