PARTNERSHIP AGREEMENT BETWEEN CENTRAL AMERICA AND THE EUROPEAN UNION OPENS NEW OPPORTUNITIES WITH MORE THAN 500 MILLION CONSUMERS

The new Association Agreement ratified by the Salvadoran congress, which will allow new and better trading conditions, cooperation and political dialogue with twenty eight European countries, aims among other things, to develop policy and institutional relationships between the countries that signed the Agreement, and also to open an important niche to deepen economic and political ties to El Salvador and the Central American countries. The Agreement will enter into force from the first of August.

With this agreement El Salvador, as a signatory Member, shall have free access with more than 90% of its industrial products and more than 60% drop to the European Agricultural Market; furthermore, within the incentives that this Agreement establishes, it is included the elimination of export rates of certain food and industrial products, as well as the stipulation of an annual purchase of preferential quota established for products from El Salvador; such quota will increase each year.

It is a big challenge for domestic producers because not only will they have access to a market of over 500 million consumers, but they will also have to conform to the guidelines and requirements as befitting a demanding and sophisticated market like Europe.

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