El Salvador Business
• Main exports: Textiles, coffee, medicines, sugar and shrimp.
• Main imports: Consumer and capital goods, raw materials, petroleum and food.
• Main trade partners: USA, Honduras, Mexico and EU.
Economy
Underemployment remains a serious problem, and remittances from Salvadorans working abroad are a vital source of income for many families. These have fallen substantially as a result of the global financial recession. The Central America-Dominican Republic-United States Free Trade Agreement (CAFTA-DR) provides El Salvador preferential access to American markets, benefitting the textiles and clothing, and processed food sectors.
In 2008, annual growth was 3.2% while inflation was 4.7%. El Salvador is a member of the Central American Common Market.
Business Etiquette
Office hours: Mon-Fri 0800-1700.
Business Contacts
9A Avenida Norte y 5A Calle Pte, San Salvador, El Salvador
Tel: 2231 3000.
Website: www.camarasal.com
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