For the study of the initiative, representatives of the Ministry of Finance were received, who explained that the objective of the initiative is to contribute to an attractive business environment for the private sector by simplifying and digitalizing procedures.

Officials said it is good that El Salvador is opening up to new sources of financing. The country now has an international image that allows it to work with other multilaterals.

The purpose of Trade Facilitation is to contribute to the development of an agile, simple and modern business ecosystem that generates greater competitiveness for companies, especially for micro, small and medium-sized enterprises (MSMEs).

Since the beginning of the Central Government, strategic measures have been implemented through annual Trade Facilitation Plans aimed at: simplifying procedures, reducing costs and times of commercial transactions, improving logistics infrastructure, promoting the use of new technologies, inter-institutional strengthening and transparency, among other relevant aspects.

These measures are part of the Government's political objective to improve the environment to develop economic activities that generate tangible and quantifiable benefits to improve business competitiveness.

Translated by: A.M