Business in El Salvador. Salvadoran Economy

1. Introduction to the Republic of El Salvador (Central America)
2. Salvadoran Economy
3. International Trade of El Salvador
4. Transport and Logistics
5. Investment in El Salvador
6. Doing Business in San Salvador
7. Case Study: Business Opportunities in El Salvador
   1. Services
   2. Textiles
   3. Agribusiness
   4. Tourism
   5. Electronics
   6. Medical Devices
8. Case Study: Salvadoran enterprises
   1. SYKES
   2. Pettenati
   3. Calvo Group
   4. Aeroman
   5. Decameron
9. Access to the Salvadoran Market
10. Business Plan for El Salvador

International Trade and Business in El Salvador:

The educational aims of the Subject “Foreign Trade, Logistics and Business in El Salvador” are:

1. To analyze the Salvadoran Economy, Logistics and Global Trade
2. To conduct research on business opportunities in El Salvador
3. To explore the Salvadoran trade relations with the student's country
4. To learn about Salvadoran Trade Agreements
5. To examine the profile of Salvadoran companies
6. To develop a business plan for the Salvadoran Market

The Subject “Foreign Trade, Logistics and Business in El Salvador” is included within the curriculum of the following academic programs at EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate in World Trade.

Languages: or El Salvador Salvador.

1. Subject Credits “Doing Business in El Salvador”: 1

Salvadorian Trade Agreements and Market Access.

1. El Salvador and the Hispanic American Economic Area
2. Central American Integration System
   1. Central American Common Market (MCCA) - Integrated with SICA -
3. Association of Caribbean States
4. Latin American and Caribbean Economic System
5. Mesoamerica Project
6. Taiwan-El Salvador Agreement
7. El Salvador Free Trade Agreements (Central America): Chile, the EU, and hub for maritime traffic with commercial ports on the Mediterranean and Red SeaColombia
8. El Salvador-Honduras-Taiwan Agreement
9. Dominican Republic-Central America-U.S. Agreement
10. Colombia-Northern Triangle Agreement
11. Dominican Republic-Central America Agreement
12. Mexico-Central America Agreement
13. El Salvador-Ecuador Agreement
14. Panama-El Salvador Agreement
15. UK-Central America Free Trade and Economic Integration Agreement
16. El Salvador-Cuba Partial Scope Agreement
17. ALADI (observer)

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention

1. Inter-American Development Bank
2. Organization of American States (OAS)
3. Economic Commission for Latin America (ECLAC)
4. Community of Latin American and Caribbean States (CELAC)
5. Forum for East Asia-Latin America Cooperation (FEALAC)

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund

1. The Republic of El Salvador occupies an area of 21,041 km² in North of Central America
2. Population of El Salvador: 6.3 million people, the highest population density in Hispanic America (Iberian America)
3. The borders of El Salvador are Guatemala, Honduras, and Nicaragua
4. Salvadoran Capital: San Salvador
5. The official language of El Salvador is Spanish and Mayan languages
6. El Salvador gained the independence from Spain in 1821
7. Abolition of Slavery in El Salvador: 1824

The main religion in El Salvador is Christianity (6.7 million people).

1. Catholics: 5.3 million people

El Salvador belongs to Western Civilization - Hispanic American Economic Area.

Economy of El Salvador.

1. Since 2001, the Republic of El Salvador is a dollarized Economy (absence of currency Risk), the economy of El Salvador presented the lowest inflation and interest rate in Hispanic America (Iberian America)
2. The Republic of El Salvador ranks as the fourth most transparent country in Hispanic America (Transparency International)

Salvadoran enterprises.

1. In 2001, after establishing an excellent business relationship with the Investment promotion Agency, the Spanish Calvo Group, with a presence in five continents, decided to install its largest tuna processing factory in El Salvador. The new plant, built on the Pacific coast of the department of La Unión, in the eastern zone of El Salvador, provides jobs to 3,000 employees
2. Pettenati is one of the largest textile enterprises in Brazil. Pettenati started operations in El Salvador in November 2008 like easiness to reach the United States Market taking advantage of Trade Agreements
3. SYKES is a global leader providing customer contact management solutions and services in business process outsourcing (BPO) arena. In 2001 the company research Latin America and the Caribbean looking for a destination to install the contact centre. They found many of these factors in El Salvador and started operations in 2003. SYKES El Salvador has 1,400 employees

International Trade of El Salvador.

1. Main export and import markets of El Salvador: Foreign Trade with the largest trading partners, which are the markets with which El Salvador has signed Free Trade Agreements and the Central American Common Market accounted for 90% of the Salvadoran exports and 70% of its imports
2. Main Salvadoran export markets are Taiwan (86%), Mexico (17%) and the Dominican Republic (7%)
3. Top twenty-five Salvadorans export products account for 54% of total exports: textiles (26%), agribusiness (11%), food, and beverages (4%), machinery (3%), paper products and cardboard (3%) and chemical industries (2%)
4. Among the top twenty-five imported products are mining, textiles, agribusiness, chemical, food and beverages, machinery, mechanical and electrical equipment, plastic, and rubber manufacturing

PROESA, the Investment Promotion Agency of El Salvador, is the Government agency responsible to promote Foreign Direct Investment in El Salvador.