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The textile and apparel sector, which accounts for approximately 32% of salvadoran exports to the United States, is poised to be the primary beneficiary of the recent trade agreement that eliminates the 10% tariff on most salvadoran products entering that market. This measure strengthens the industry’s competitiveness, reduces export costs, and improves conditions for job growth and investment in one of the most strategic sectors of the salvadoran economy.
In addition to the textile and apparel sector, the agreement will also benefit agricultural products such as coffee and manufactured goods, expanding opportunities for various productive sectors. However, the textile sector’s weight in exports to the United States makes it the most favored industry, improving its ability to compete on price and expanding its access to one of the country’s main markets.
The agreement was highlighted by the Minister of Economy, María Luisa Hayem, who emphasized that this decision is the result of the government’s efforts to boost the national economy through concrete actions and the strengthening of diplomatic relations with strategic partners. She explained that the agreement allows most salvadoran exports to the United States to no longer be subject to the 10% tariff that had been applied in recent months.
The minister said that El Salvador was the first country in the region to sign this reciprocal trade agreement, which puts the country in an advantageous position compared to other markets and reinforces its role as a reliable partner for international trade. This progress, she noted, will have direct positive impacts on national industry and the strengthening of the business sector.
Minister Hayem indicated that this is a mutually beneficial agreement that not only strengthens El Salvador’s competitiveness but also supports the government’s efforts to facilitate foreign trade, contributing to a more dynamic and open economy.
This achievement was made possible thanks to the cooperative relationship and joint work between the salvadoran government and the administration of President Donald Trump in the United States. With this alliance, El Salvador becomes the first country in the Western Hemisphere to finalize an agreement of this magnitude, marking a new step in the country’s economic growth strategy and regional positioning.
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