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Courtesy
The Government of El Salvador continues to strengthen its economic development strategy by opening new international markets. As part of this effort, the Ministry of Economy, together with the ambassador of Argentina, Sergio Luis Iaciuk, announced the beginning of negotiations to establish a trade agreement with the countries of the Mercosur block.
The minister of Economy, María Luisa Hayem, highlighted that this is a historic moment, since it is the first time that El Salvador initiates trade negotiations directly with a region such as Mercosur. According to Hayem, this step reflects the Government’s commitment to diversify export destinations and generate benefits for both salvadoran producers and consumers.
Negotiations began with the signing of the terms of reference, a key document that establishes the guidelines and objectives of the discussions. The main objective of the agreement is to facilitate the export of salvadoran products to Mercosur member countries and, in turn, reduce trade barriers that limit trade between the parties.
El Salvador already has a presence in Mercosur, exporting products such as medicines, coffee, pesticides, cotton t-shirts and plastics. However, this agreement seeks to significantly expand access to these markets and turn the country into a commercial bridge between Central America and one of the world’s largest economies, with more than 200 million inhabitants.
The argentine ambassador emphasized that integration and trade are essential to promote regional development. In addition, the agreement aims to reduce or eliminate tariffs and other barriers to trade, which will allow the benefits to be extended to more economic sectors.
With this initiative, the salvadoran government reaffirms its commitment to diversify trade relations, increase exports and attract foreign investment. This effort seeks to consolidate El Salvador’s competitiveness in key sectors and ensure sustainable economic growth for the country.
