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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

FIHAV 2015, a Trade Opportunity for El Salvador

Monday, November 02, 2015 > 10:34:32
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(Prensa Latina)

San Salvador, Oct 31 (Prensa Latina) The president of the Export and Investment Promotion Agency of El Salvador (PROESA), Sigfrido Reyes, described as significant his country''s participation in FIHAV 2015, due to the favorable opportunities fostered by that recognized commercial event.

In an interview with Prensa Latina, the official stressed that this year, Havana's International Fair will boost trade with Cuba, but it also will open doors for Salvadoran participants to other parts of the world.

El Salvador is exhibiting food, hand tools, dairy products, oils and others at the Fair, which is considered one of the most important trade events in the region.


Reyes stressed that trade relations between Cuba and El Salvador have expanded, and there is a growing trend, although they are still modest.

He explained that in 2014, exports from El Salvador to Cuba were estimated at 6.92 million dollars, representing 0.1 percent of the country's total exports, Between 2010 and 2014, they grew at an average rate of 22.4 percent.

Imports were calculated at 513,000 dollars, and in the past five years, a growth rate of 42 percent was registered.

Until July this year, trade between both countries totaled 4.13 million dollars, the official said.

The two nations signed an agreement that provides preferential access to a series of products of interest from the two parties, he stated.

Some of those products from El Salvador to Cuba are vegetables, fruits and seeds, cocoa and byproducts, juices, tobacco, medicines and chemical products, hide and leather, and orthopedic and prosthetic devices, among others.

Meanwhile, Cuba offers preferential tariffs to El Salvador in medicines and chemical products, flour, oil, cereals, canned fish, vegetables, plastic, footwear, glassware, gravel and cement, among others.

Reyes said that PROESA has been working systematically with the Cuban Center for the Promotion of Foreign Trade and Foreign Investment -now ProCuba- and it signed a cooperation agreement to strengthen relations between the two institutions in April.

The two countries restored diplomatic relations in 2009, with the first government of the Farabundo Marti National Liberation Front (FMLN) and Mauricio Funes.

The 33rd edition of FIHAV 2015 will take place from November 2 to 7, with participation of exhibitors from more than 70 nations.

Despite the global economic crisis and the blockade imposed by the United States, some ten more countries will attend the fair this time, compared to last year's edition.


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