This regulation, which contains 42 articles, contemplates the foundation of the Agencia de Promoción de Inversiones y Exportaciones en El Salvador (INVEST) which will substitute the Organismo Promotor de Exportaciones e Inversiones de El Salvador (PROESA), in order to truly fulfill the objectives set for the economic development of the country.

INVEST will seek access to new markets, export and manufacturing destinations, and will promote and attract national and foreign private investment. Thus, it will contribute to economic growth and the generation of greater employment opportunities and national development.

In addition, this institution will be governed by public law, will have budgetary autonomy, legal personality and its own assets. It will serve to have a permanent approach with investors and not sporadically.

The council of this institution would be integrated by a president, representatives of the Ministerio de Turismo (MITUR), the Ministerio de Economía (MINEC), the Ministerio de Relaciones Exteriores and the business sector.

Among the objectives of this law is to create sources of well-paid jobs and economic growth, for which it is necessary to generate a favorable climate for investments, eliminating red tape and streamlining processes at borders and seaports.

In addition, this agency will provide advice on strategic government infrastructure, business climate studies and make proposals for improvement to contribute to economic growth and the generation of greater employment opportunities and national development.

Translated by: A.M