Tuesday, 24 August 2021 13:01

International investors support commercial sector according to MINEC

Written by Evelyn Alas

The minister of Economy (MINEC), María Luisa Hayem, participated as a panelist in the "El Salvador a strategic ally" Forum, developed by the Cámara Americana de Comercio en El Salvador (AMCHAM), in which she motivated the business environment in our country to local and regional companies, as well as the generation of jobs and support strategies provided by the government in the face of the challenges of the Covid-19 pandemic.

The event was attended by the Chargé d'Affaires of the U.S. Embassy in El Salvador, Jean Manes, the President and Director of 3M Mexico, José Varela Garza, as well as personnel from the Organismo Promotor de Exportaciones e Inversiones de El Salvador (PROESA).

Minister Hayem explained that the country is in the process of revising more than 30 regulations and creating more than 10 new laws, all aimed at improving the business climate for trade and investment.

During her speech, minister Hayem highlighted that the country has become a good destination for both national and international investments, thanks to the work carried out between the Government and the business sector. "We have identified 12 pillars on which the work of the Economic Cabinet is focused, based on an analysis of all the obstacles to economic growth and opportunities for the country", she said.

She added, that with the trends in the economic variables and everything that is being done, we will not only reach that 9% growth projected by the Banco Central de Reserva (BCR), but also the country is moving towards a steady and sustainable growth.

"We are on our way to being recognized as the country with the best business climate in Latin America. We are convinced that we will position ourselves as the country in the region with the best conditions for investors", said Minister Hayem at the end of her speech.

In investment facilitation, "I am proud to tell you that El Salvador is at the forefront. Our plan accompanies the investor, gives access to information, provides incentives, improves the environment, digitalizes procedures and measures indicators", reiterated the official.