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The Legislative Assembly’s Finance and Special Budget Committee issued a favorable ruling to exempt a shipment of medicines donated by the Korea Love Sharing Community, through the South Korean Chamber of Commerce in El Salvador, from taxes and storage costs.
The donation, valued at approximately US$2.8 million, will be delivered to the Ministry of Health with the aim of strengthening medical care in the public system and expanding the availability of medicines for the salvadoran population.
The proposal provides for an exemption from Value-Added Tax (VAT), Import Tariff Duties (DAI), and other taxes related to the entry of the products into the country. Additionally, it includes an exemption from storage costs that may arise during the import process.
During the review of the initiative, lawmakers heard from representatives of Ministerio de Hacienda, Dirección General de Aduanas, Cámara de Comercio de Corea del Sur en El Salvador and Hospital Nacional de Niños Benjamín Bloom.
The deputy director of Hospital Bloom, Werner Rosales, explained that the shipment contains medications for the treatment of respiratory, gastrointestinal, and metabolic diseases, as well as drugs used for patients with diabetes. He noted that these products will benefit both adults and children receiving care in the public health system.
Walter Hernández, deputy director of operations at the Dirección General de Aduanas, stated that the agency will monitor the process to ensure that the medicines are distributed to the salvadoran population in accordance with the purposes established in the donation. Additionally, a report on the delivery of the products will be prepared to keep the donor organization informed.
The president of the South Korean Chamber of Commerce in El Salvador, Hyun Soo Kim, expressed his gratitude for the support provided by the legislative committee and emphasized that cooperation between the two nations continues to grow stronger through initiatives focused on the health and well-being of the population.
The favorable ruling approved by the committee will soon be brought before the full legislature, where lawmakers will decide whether to definitively approve the exemption from taxes and costs associated with importing the donation.
If approved by the Legislative Assembly, the medicines will be able to enter the country without additional tax burdens, facilitating their incorporation into the public health system and allowing salvadoran patients to benefit from them more quickly.
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