The project that seeks to facilitate investments of local and foreign companies and generate more jobs in El Salvador contains around 45 reforms, among them the one that contemplates a partial exemption of 60% of Income Tax and municipal taxes for 10 years as an incentive.

Likewise, it is intended to eliminate requirements and reduce terms, enable technological tools to improve the service, as well as to extend benefits to developers and users of free zones.

The President of the legislative board and deputy of Nuevas Ideas, Rodrigo Ayala, explained that the purpose of making changes in the regulations is to establish legal measures to attract investment to the country and generate economic growth.

In addition, the official said that they will seek to encourage domestic and foreign investors in the area of free zones for the generation of new jobs.

Also, the deputy of the FMLN party, Anabel Belloso, said that she agrees with this list of reforms that seek the labor law, to bring investment to the country, and the generation of jobs.

Belloso pointed out that one of the most questioned sectors is the maquila sector, due to the violation of labor rights and there is an opportunity to balance the need to bring investment with this list of reforms.

The amendments also aim to speed up the construction process of free trade zones, reduce time and generate the possibility for companies operating in these territories to have vertical constructions to modernize the traditional concept of this type of development poles.

The commission agreed to summon for next week representatives of maquila workers and technical specialists in the subject from the Ministry of Economy (MINEC).