Wednesday, 08 June 2022 18:03

El Salvador and Argentina share business and investment opportunities

Written by Evelyn Alas

The Minister of Economy, María Luisa Hayem together with the Ambassador of Argentina, Ruben Ruffi and the Undersecretary of Trade and Investment, Alberto Acosta, participated in a multisectoral meeting with Argentine companies, to share business and investment opportunities offered by our country.

The official assured that MINEC continues working on investment facilitation, with the objective of generating a business climate that speeds up the process of establishment, operation and expansion of multi-sector investments.

In addition, the ambassador of Argentina in El Salvador, Ruben Ruffi, said that the chemical, pharmaceutical and food sectors are fundamental for the functioning of the economies of both countries.

The simplification and digitalization of procedures related to trade and investment has been carried out jointly with 13 government institutions. To date, more than 290 procedures have been simplified, with an average time reduction of more than 60%, and around 184 procedures have been resolved in a maximum of one working day.

Hayem emphasized that El Salvador is ready to take advantage of the opportunities offered by this type of business meetings, of which we are sure that business and future investments in our country can be materialized.

According to officials El Salvador is interconnected with the world, with a broad platform of Trade Agreements, covering 42 countries and more than 1,200 million people.

The head of MINEC, said that they have created a new ecosystem for inclusive and sustainable economic growth, driven through the automation of procedures, innovation and use of technology.