The program, coordinated by EXPORTA, El Salvador's exports promotion agency, requires companies to "be formally incorporated, have at least three years of operating history and register sales of more than $100.000 a year".
This initiative will also provide Salvadoran companies with market information, training, technical assistance and promotion efforts in these three markets.
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Targeting the markets of Guatemala, Honduras and Nicaragua, the Export Promotion Agency of El Salvador has relaunched the program in support of SMEs.
From a press release published by the Agency for the Promotion of Exports and Investments of El Salvador (PROESA):
Under the Export Promotion Strategy, the Government of El Salvador launched on Tuesday April 16 the third edition of the Step by Step Export Program, a coordinated effort between the Agency for Promotion of Exports and Investments of El Salvador (PROESA) and the Ministry of Economy (MINEC), which has the support of the Technical Secretariat of the Presidency (STP), the U.S. Agency for International Development (USAID), through USAID's development program for SMEs, and the Special Fund of Resources from the Proceeds of the Privatization of ANTEL (FANTEL). It is expected that one hundred Salvadoran firms will initially be assisted as exporters and that there will be negotiations totalling over $5 million.
The Exporters Corporation has created a plan to increase exports to $10 billion a year within five years.
Entrepreneurs believe that if the correct measures are applied export earnings could double within five years. According to Pablo Duran, president of the Exporters Association of El Salvador (COEXPORT), the proposal gives potential annual growth of 20%.
The Agency for Promotion of Exports and Investments in El Salvador (PROESA) has given a lecture on the market research services for exporters.
A statement by the Agency for the Promotion of Exports and Investments in El Salvador (PROESA) reads:
The Agency for Promotion of Exports and Investments in El Salvador (PROESA) has given a lecture on market research services for exporters in the seminar-workshop entitled "Market Intelligence" organized by Coexport.
The government presented its "National Export Strategy" in which it plans to invest $175 million during its five year mandate.
The funds come from the national budget in addition to a $40 million loan from the Inter-American Development Bank (IDB), commented the Secretariat to the Presidency.