Hello and welcome to another installation in a series of podcasts by the Central American group. In these discussions. We talk with individuals that have expertise in various aspects of doing business in Central America. Today, we are speaking with and welcoming to the podcast Luis Martinez. Luis is the head of the El Salvador
The executive director of the Chamber of Commerce of the Salvadoran apparel and textile industry (CAMTEX ) was recently interviewed by a leading trade industry magazine regarding the industry’s prospects as the Covid-19 pandemic ebbs.
Costa Rica is in an advantageous position in attracting foreign direct investment (FDI) because of the adaptability of its well-educated workforce that is accessed by firms that decide to locate in the country and because of its proximity to the United States. As a result, the United States is the most prominent investor in manufacturing clusters in Costa Rica.
INSAFORP, the Salvadoran Institute of Professional Training, is an institution that was created by public law. The organization has economic and administrative autonomy and is its own legal entity. It offers worker training programs in El Salvador and is under the direction and coordination of the Professional Training System for the training and development of the country’s human resources
Local suppliers sell products worth more than $ 2.3 billion a year to companies housed in Costa Rican Free Zones. Items sold are in areas such as product sterilization, metalworking, packaging, plastic injection, and storage and labeling
According to the Greenfield Performance Index (GPI), investment in Costa Rica is eleven times the amount of new investment that could be expected given the size of its economy.
Challenges created during the coronavirus pandemic have forced the logistics sector in El Salvador to reinvent itself and look for alternatives to meet the needs that the market demands successfully. Among these has been adapting to an environment in which consumers have changed their purchasing habits. This observation was recently made by Javier Ayala, president of the Salvadoran Association of Cargo and Freight Forwarding Agencies (ASAC).
The recent study examining Costa Rica’s digital footprint and the positioning of the country brand was carried out by Bloom Consulting. The results highlighted four conclusions derived from searches carried out by people around the world. The most striking revelation is that queries related to Costa Rican added value-based sustainability drive the country’s brand.
The Mexican aerospace industry will support the development of the first aerospace cluster in El Salvador. This effort will begin with the signing agreements with the Mexican Federation of the Aerospace Industry (FEMIA), the Mexico Aerospace Fair (FAMEX), the Aeronautical University in Querétaro (UNAQ), and the Mexican startup company Space JLTZ.
Silicon chips are of fundamental importance in the manufacture of cell phones, computers, automobiles, medical devices, and sophisticated components used in the aerospace industry. The fact that there has been a disruption of the supply of these critically important manufactured products means that the chip industry in Costa Rica can further ramp up its capacity.
In a consensus of the country’s legislature, the proposal on the initiative to reform the Electronic Signature Law in El Salvador was recently approved. This measure seeks to improve the mechanisms for the attraction of investment to the Central American country. El Salvador’s Electronic Signature law was approved in its original form in March of 2015.
When Costa Rican journalist, Rocío Chacón, realized the impact that the pandemic would have on her country’s normally thriving tourism industry, she devised a strategy aimed at promoting local travel. The campaign was dubbed “Qué chiva ese lugar” (“This place is cool”). The purpose of this effort was to spread the word about tourism adventures in the country to the locals.