El Salvador Explores South American Markets

Entrepreneurs are being encouraged to diversify export beyond their traditional preferences for the United States.

Friday, April 27, 2012

El Salvador has a trade deficit with countries like Chile, Colombia, Peru and Ecuador, so the Exporters Corporation of El Salvador (Coexport), Al-Invest, the Agency for Promotion of Exports and Investments (Proesa), and the U.S. Agency for International Development (USAID), called for developments of more business links during a seminar for entrepreneurs.

"Traditionally the country's trade has shifted its gaze over towards the North, but we are evaluating the new business scenario objectively, which has interesting markets such as Chile, Ecuador, Peru and Colombia, which together represent a market of 80 million shoppers with high purchasing power," said Francisco Bolanos, president of Coexport.

According to an article in Elsalvador.com, for every $10 that El Salvador exports, $5 goes to the U.S. market.

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More on this topic

Missions to Trade Shows Canceled

April 2012

Disinterest and a change of plans by organizers has forced Salvadoran authorities to cancel their participation in two events.

The Investment Promotion Agency (Proesa) of El Salvador had to cancel participation in two fairs planned for April.

Those are, OutSource2LAC, scheduled for 12th and 13th of this month, the date was changed by the organizers themselves, said Giovanni Berti, director of the agency.

Costa Rica Approves FTA with Peru

April 2013

Meat, heart of palm, palm oil, chocolate and cocoa products, and tea produced in Costa Rica, will have preferential access to the Peruvian market.

From a statement by the Ministry of Foreign Trade:

Legislature Passes FTA with Peru

San Jose, April 22, 2013. This afternoon the Legislative Assembly approved, on its second reading, the Free Trade Agreement between Costa Rica and Peru.

Peru Interested in Salvadoran Products

June 2009

The Association of Peruvian Exporters will hold meetings with entrepreneurs from El Salvador to increase bilateral trade.

The president of the Association of Peruvian Exporters (Adex), José Luis Silva Martinot, is visiting El Salvador to promote the importation of Salvadoran products to his country.

El Salvador - Peru FTA This Year

January 2012

For the first quarter of the year, public and private sectors expect to finalize negotiations for a Free Trade Agreement with Peru.

The most difficult part of negotiations has been related to industry, specifically the textile sector, which has shown the most resistance to the signing of the treaty.

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