Presentacion Pais El Salvador Eng OCT 2012

Transcription

A country of opportunities
November 2012
1
Agencia de Promoción de Exportaciones e Inversiones de El Salvador
El Salvador
Capital
San Salvador
Official Language
Spanish
Area
21,041 Km2 / 8,124 sq mi
Population
6.2 million (2011)
GDP Nominal (2011)
23,054 million USD (2011)
Currency
$USD
Time Zone
UTC -6
Chalatenango
Santa
Ana
Cabañas
Ahuachapán
San
Salvador
Sonsonate
La
Libertad
La Paz
Morazán
San
Vicente
Usulután
San
Miguel
La
Unión
Gulf of
Fonseca
islands
El Salvador
•
Solid political & economic environment
•
International view of El Salvador
•
Commercial openness & strategic location
•
Foreign direct investment in El Salvador
Political Stability
More than 25 years of free and democratic elections
• Alternating governance
80%
• Balance of power in congress
68%
60%
54%
58%
54%
Other
Parties
11%
9 seats
51%
52%
1984
1989
1994
1999
FMLN
0%
PDC
20%
ARENA
40%
2004
2009
President for 5 year term with no possible
consecutive reelection
Presidential election: % of votes for Presidential Candidate of winning party
Source: Supreme Electoral Court of El Salvador (TSE ).
GANA
13%
11 seats
FMLN
37%
31 seats
1 chamber with 84 seats for
3 year terms
March 2012 Congress election results, seats
won by each party
ARENA
39%
33 seats
Legislative
Assembly
4
Central American Market
Central
America
Country
EL SALVADOR
GUATEMALA
HONDURAS
NICARAGUA
COSTA RICA
PANAMA
San Salvador
Guatemala City
Tegucigalpa
Managua
San Jose
Panama City
Spanish
Spanish
Spanish
Spanish
Spanish
Spanish
Area (‘000 Km2)
21.0
108.9
112.1
130.4
51.1
75.4
498.9
Population (‘000,000)
6.2
14.7
8.0
5.8
4.6
3.5
42.8
GDP PPP (Bn US$) 2011
44.6
74.8
35.7
18.9
55
50.6
279.6
GDP per capita PPP (US$)
7,550
5,079
4,444
3,206
11,923
14,096
6,533
Average Inflation rate
2010-2011
3.6%
5.8%
6.0%
8.6%
5.3%
5.6%
Currency
Dollar
USD
Quetzal
GTQ
Lempira
HNL
Cordoba
NIO
Colon
SJC
Dollar
USD
Time Zone
UTC -6
UTC -6
UTC -6
UTC -6
UTC -6
UTC -5
Capital
Official Language
70% of the population and commerce
concentrates in ES, GT, and HN.
Source: Multi –Purpose Household Survey,
Central Reserve Banks, and IMF.
Fringe benefits
represent 27.61% of nominal wage
140%
Fringe Benefits
27.61%
120%
Sector
Monthly
Minimum Wage*
Daily Wage
100%
Agriculture
$ 105.00
$ 3.50
80%
Maquila
$ 187.50
$ 6.25
Industry
$ 219.30
$ 7.31
Commerce & Services
$ 224.10
$ 7.47
60%
Nominal
Wage
100%
40%
20%
0%
1
Fringe Benefits (27.61% of nominal wage)
Annual Severance
Provision**
8.33%
Social Security (ISSS)
7.50%
* Effective since May
** 2011 Provision in case of termination of contract
*** Applies to companies with more than 10 employees
Retirement Fund
(AFP)
6.75%
Christmas Bonus
2.78%
Training Fund
(INSAFORP)***
1.00%
Vacations paid yearly
1.25%
Source: Ministry of Labor El Salvador
Young Population
Male
47.7%
Female
52.3%
Average Age
(Estimates)
>= 70
65 - 69
60 - 64
55 - 59
50 - 54
45 - 49
40 - 44
35 - 39
30 - 34
25 - 29
20 - 24
15 - 19
10 - 14
5-9
0-4
10,0%
5,0%
0,0%
20,4 years
Guatemala
Honduras
21,3
Nicaragua
23,4
El Salvador
0,0%
5,0%
24,7
Panama
27,8
Costa Rica
29,2
10,0%
M 23.4
0
F 26.2
10
20
EAP: 2,641,133
Source: Multi-Purpose Household Survey 2011, CIA World Factbook
7
30
El Salvador
•
•
•
•
Index
El Salvador
Guatemala
Honduras
Nicaragua
Costa Rica
Panama
Human
Development Index
(2011)
105
131
121
129
69
58
Index of Economic
Freedom (2012)
41
82
93
101
44
55
Ease of Doing
Business (2013)
113
93
125
119
110
61
Freedom in the
World
(2012)
Free
Partially
Free
Partially
Free
Partially
Free
Free
Free
101
66
52
42
70
37
56
83
67
91
58
67
23
79
90
97
92
71
106
79
92
108
106
75
90
100
108
130
57
95
131
60
42
94
119
40
44
49
6
43
2
96
Global
Competitiveness
Index (2012 – 2013)
Infrastructure
Roads
Airports
Energy
Mobile Telephones
Taxes
El Salvador
•
•
•
•
Legal Framework
Investment
Law
International
Services Law
Free Zones
Law
Tourism
Law
• Equal treatment to national & international investors
• Liberty to transfer funds and profits abroad
• Access to local financing
• Incentives to strategic sectors (contact centers, BPO’s,
maintenance and repair of airplanes, logistics, etc.)
• Total permanent tax exemptions (income and
municipal taxes) and import duties.
• Incentives to industrial activities
• Total permanent taxes exemption (income and municipal
taxes) and import duties.
• Requires minimum $25,000 USD investment
• Corporate tax exemption (income and municipal taxes)
• Real estate transfer tax exemption
• Import tax exemption
Commercial Openness
Access to a potential market of
1,200 million people
12
Main Trade Partners and Export Products
Main Trade Partners
United States
46%
Central America
36%
Other
6%
Taiwan
1%
Japan
1%
Dominican
Republic
1%
El Salvador Exports 2011
USD 5,308.8 million
Main Export Products
Canada
1%
Mexico
2%
Spain
1%
Germany
3%
Panama
2%
Agriculture, agroindustry,
and food agroindustry.
18%
Apparel
35%
Others
1%
Furniture and medical
devices
1%
Foods, beverages, tobacco
and similar
8%
Footwear
1%
Products of stone, ceramic
and others
2%
Mineral Products
3%
Textiles
5%
Chemical products
5%
Plástics
5%
Source: Central Reserve Bank
Paper
5%
Metal-mechanic industry,
electrical equipment
11%
Strategic
Location
Close to key markets
•
•
•
•
Closeness to the vital maritime
routes.
A natural bi-oceanic logistics
corridor.
Container terminal ready for post
panamax ships.
A dominant airport certified A1
by the FAA linking important
cities.
Main airlines serving
El Salvador
Main Freight Companies
Air Cargo
• DHL
• UPS
• Arrow
Maritime
•
•
•
•
MAERSK
CROWLEY
MSC
SEABOARD
•
•
•
•
NIPPON
CSAV
APL
Hamburg Süd
Regular charter
flights
(Montreal, Toronto)
14
Strategic Location
Strategic Location
El Salvador
•
•
•
•
Foreign Direct Investment
Stock 2011 USD 8,141 million (35.3 % of GDP)
Investment Opportunities
Specialized Textiles
Aeronautics
Electronics
Offshore Business Services
Tourism
Agro-industry
Medical Devices
Health Services
Logistics and Infrastructure
Footwear
El Salvador offers an aircraft
maintenance, repair and overhaul
(MRO) industry for commercial aircraft,
which has successfully placed the
country on the global aviation map.
The successful operations of Aeroman,
a member of Canadian MRO group
Aveos, are widely recognized within the
emerging Latin American aeronautical
clusters.
Aeronautics
Compliance with international certifications ensuring the
highest quality required in aircraft maintenance services.
El Salvador:
Quality in aircraft maintenance services
 Technical Universities and Institutes have specialized curricula
developed in conjunction with the private enterprise to ensure the
availability of skilled labor.
 In addition to maintenance services for commercial aircraft, a
variety of other companies in the emerging aerospace clusters
offer the following services:
• R44 helicopter and corporate airplane maintenance.
• Distribution and warehousing services for aircraft parts.
• Component maintenance shops.
• Ground Services.
• Light sports aircraft (LSA) airframe, wing tip, and engine
part manufacturing in composite materials, etc.
• Aircraft harness system assembly.
• Refurbishment on older Light Sports Aircraft (LSA) models.
 A Free Trade Zone Law and an International Services Law which
provides tax incentives to these types of manufacturing.
 Available land for the development of industrial operations next
door to the International Airport of El Salvador, under Public
Private Partnership (PPP) mode.
Investment Opportunities in Aeronautics:
• Commercial aircraft maintenance service operations.
• R44 helicopter maintenance operations.
• Light Sports Aircraft (LSA) airframe part manufacturing.
• Painting and maintenance of commercial aircraft interiors.
7
For investors in agro industry and
entrepreneurs who seek a platform to
produce and export, El Salvador offers
attractive opportunities in the following
sectors:
• Fruit Farming
• Aquaculture
• Ornamental plant farming
• Food & Beverages
These sectors are highly favored by
good weather and easy access to
regional and international markets.
Agroindustry
Climate, tax incentives and a platform connected
to additional markets.
El Salvador:
A production and export platform
• El Salvador possesses suitable climatic and soil conditions for
• Availability of water resources for the sustainable development
• Suitable soil and climatic conditions for the production of a
• Negotiated trade agreements open the possibility for the sector
• The country has optimal interconnections for the trade and
• Competitive labor costs.
fruit and ornamental plant farming.
wide variety of tropical fruits.
transport of agro industrial products.
of aquaculture.
to expand to regional and international markets.
Investment Opportunities in Agro Industry:
•
Aquaculture Sector: Development of the production chain through the supply of young fingerlings, feed and other inputs to attain
productivity and quality of aqua cultured products.
•
Fruit Farming Sector: Development of supporting industries for the provision of supplies, equipment, quality vegetative materials
and processing technology for the expansion of crops of avocado, Persian lime, coconut and organic products.
•
Processed Foods Sector: Opportunities in the development of complementary industries in a sector in continuous growth in areas
such as: packaging, process technology, machinery and equipment.
International medical device
manufacturing companies will
find in El Salvador a strategic
partner to be used as a
platform for export to markets
in North America, Central
America and the Caribbean.
Medical Devices
Rapid access to markets
El Salvador:
A strategic partner in medical devices
• El Salvador has tax incentives that encourage the
• The country has focused on developing industrial and service
• Investors enjoy rapid access to markets with a potential of
• El Salvador is a pioneer in Latin America in the training of
establishment of foreign companies within a regulatory
framework.
1,100 million people through the existing FTAs and thanks to
its strategic location.
parks boosting industrial growth, especially in the textile and
plastics sectors.
professionals in prosthetics and orthotics, putting a highly
skilled workforce at the disposal of businesses.
Investment Opportunities in Medical Devices:
• Disposable laboratory and diagnostic equipment.
•
Hospital linen and disposable clothing.
•
Hospital furniture.
•
Orthopedic products.
•
Packing and packaging of disposable medical devices.
El Salvador offers a successful platform for
electronic component manufacturing, with
over 30 years of proven credibility. The
country has experience in the manufacture of
ceramic and tantalum capacitors in
compliance with required international
standards.
This has enabled the country to acquire and
implement state-of-the-art technology and
know-how.
The high quality, efficiency and productivity
of operations in El Salvador have ensured the
transfer of manufacturing plants from
England, the Czech Republic, Mexico, China
and the U.S., achieving continued expansion
in all processes.
Electronics
High productivity and quality manufacturing at competitive costs.
El Salvador:
A platform for electronic components manufacturing
• Setting of strategic alliances with academia to ensure availability
of skilled workforce.
• Existence of a Law on Free Zones offering tax incentives to this
type of manufacturing.
• E-cluster in formation around the AVX Kyocera Company in El
Salvador.
• The best international airport in the region just 35 minutes from
San Salvador, and 2.5 hours from Miami.
• Wide local supply chain in place in the areas of metalworking,
plastics, support systems, automation systems, engineering,
transport and chemicals, among others.
• Available land for the development of industrial operations next
door to the International Airport of El Salvador under Public
Private Partnership (PPP) mode.
• Electrical network system with strong capacity for expansion.
Investment Opportunities in Electronics:
• Electronic component manufacturing and production.
• Electronic equipment and parts assembly.
• Cell phone electronic component repair.
For offshore business service firms seeking
to enter markets in the U.S. and Spanishspeaking countries, El Salvador is a strategic
partner for providing quality multi-region
business services.
Our dynamic business environment,
strategic location for near-shoring, timezone complementarity and the outstanding
performance of our bilingual human
resources (English/Spanish), makes us a
strategic platform for companies offering
global services.
The modern and advanced local
telecommunications infrastructure ensures
the delivery of quality services and costeffective location for this industry.
Offshore Business Services
Cost effective near-shore location, based on a state of the art
telecommunications platform which guarantees your global offer.
El Salvador:
Complementary strategic partner for multi-region operations
• Strategic location in relation to English- and Spanish-speaking
customers (shorter flight times from North and South America).
• Exceptional performance against key indicators (KPIs) such as
Sales, C-Sat, FCR, etc.
• Same time zone for primary customers (U.S. and Canada) and
Spanish-speaking markets (91% of the global Spanish-speaking
population).
• Complementary service to other geographical areas and highend front-office services.
• Time-zone complementarity for customers in Europe and Asia
(24/7 possibility).
• Friendly, hardworking and service-oriented people with neutral
English and Spanish accents.
• Young and committed workforce (60% of the population under
35 years).
• Cultural affinity of the workforce with priority markets.
Investment Opportunities in Offshore Business Services:
• Voice Business Process Outsourcing (Call Centers)
• Non-voice Business Processes Outsourcing (BPOs)
• Shared Service Centers (KPOs)
El Salvador offers the opportunity to
invest in health establishments
catering to patients living in the U.S.
and Canada, taking advantage of the
geographical proximity to those
markets, the low costs of health
professionals and the fast connections
between medical facilities and
enviable landscape sites..
Health Services
Geographical proximity to the main countries of origin of medical
tourism, offering quality services at low costs
El Salvador:
Strategic location and excellent connectivity between touristic sites
• The strategic location of El Salvador and the presence of TACA
airline's hub in the country provide excellent air connectivity to the
U.S. and Canada (2 hours from Miami and 5 hours from Los
Angeles by direct flight).
• The best road infrastructure in the region allows visiting the wide
variety of tourist attractions the country offers in a short time
(beaches, lakes, volcanoes, colonial cities, etc.) .
• The community of Salvadorans abroad, about 2 million people, is
A natural market who constantly visits the country and buys
health treatments locally.
• The existence of qualified medical professionals who have earned
postgraduate degrees abroad offer their services at very
competitive costs.
• There is a Law on International Services that encourages the
establishment of health centers.
Investment Opportunities in Health Services:
• Hospitals
• Specialized clinics
• Rehabilitation centers
• Medical spas
• Hospitals Resorts for treatment of chronic diseases.
El Salvador offers attractive
investment opportunities to
specialized textile and clothing
companies wishing to enter the
regional Central and North American
markets based on the favorable tariff
conditions of FTAs with the U.S.
(CAFTA) and the European Union.
El Salvador offers a vertically
integrated industry, which promotes a
competitive high-fashion, highturnover garment manufacturing
industry.
Specialized Textiles and Apparel
Vertically integrated industry with easy access to markets
El Salvador:
Specialized textile and apparel sector environment
• More than 260 textile and apparel companies have established
themselves in the country, including internationally recognized
companies such as Pettenati, George C. Moore, UNIFI, Swisstex, CS
America and APS.
• The rule of origin granted by the CAFTA-DR Free Trade Agreement
allows free access for textiles manufactured in the region with yarn
produced in Central America.
• A cluster of companies that use synthetic fibers (nylon, polyester,
micro fiber, among others –products paying a 32% tariff when
imported from Asia through the U.S.) is in the process of
consolidation.
• The country offers a wide variety of services, including embroidery,
industrial laundry, dyeing and finishing, cutting and packing, which
have been a great support to the manufacturing operations of
companies such as HBI, Fruit of the Loom, Adidas and Lacoste,
among others.
• The evolution of the manufacturing scheme from "maquila" to "full
package" has developed the supply chain through materials
distribution centers, required for vertical integration and
sustainability of the industry.
Investment Opportunities in Specialized Textiles and Apparel:
• Manufacture of yarn and fabrics.
• Manufacture of knitted garments with accessories and embellishments (embroidery, screen printing, heat transfers, etc.).
• Manufacture of garments included in the “Single Transformation” category: bras, girl dresses, boxer shorts, sleepwear and luggage.
El Salvador offers attractive tourism projects
in various stages of development that take
advantage of a wide array of attractions
located close to each other (surf spots,
beaches, mountains, lakes, volcanoes).
The country has a historical past inherited
from the Maya, a pleasant climate all year
round, competitive pricing of land, low
construction costs and proximity to
important markets of origin of international
tourism.
Tourism
Surf, fishing, adventure tourism and the
Maya world ... all in one place.
El Salvador:
Variety of close-by touristic attractions
•
Tax incentives regulated by a Law on Tourism.
• Short flight times from North and South America.
• Foreign investors have the opportunity of acquiring property
in their own name.
• The International Airport of El Salvador handles more than
470 arrivals and departures every week.
• Competitively priced land and low construction costs.
• Pleasant climate all year round.
• Rapid access to a variety of tourist attractions.
• Warmth and friendliness in tourist service.
Investment Opportunities in Tourism:
• Mixed-use developments .
• Hotels: Urban, Resort, Boutique, Bed & Breakfast, Eco-lodge, Hostels.
• Vacation homes.
• Properties with tourism potential
• Marinas
For companies producing consumer
goods seeking to sell to larger markets,
El Salvador, the ‘logistics hub of Central
America,’ provides air and seaport zones
with tax incentives for manufacturing,
logistics and distribution, becoming a
gateway to U.S., Asian and European
markets.
El Salvador has the infrastructure,
geographical proximity and free trade
agreements to ensure easy and timely
access to large markets.
Logistics
Easy and timely access to large markets.
El Salvador:
Strategically located and available infrastructure
• Convenient location: Proximity to the trans-Pacific route
(connecting Asia and the Americas); proximity to the Panama
Canal (1. 5 days by sea); rapid maritime access to U.S. markets on
the East and West coasts; and rapid road access to the Southern
and Eastern U.S. markets.
• Maritime infrastructure available to receive large ships: La Union
Centroamericana Port with the potential to become the leading
container port on the Pacific coast of Central America.
Puerto de Acajutla, located in Sonsonate
• Land connectivity: The port is located 371 km. away from Puerto
Cortes (Honduras Atlantic Coast); 8 hours from the border with
Mexico; and 34 hours from the U.S. border (Texas).
• Air connectivity with rapid access to U.S. markets from the
International Airport of El Salvador. Approximate flight durations:
Miami: 2:30 hours; Los Ángeles: 4:00 hours; Houston: 4:00 hours;
New York: 5:00 hours; Panama: 1:30 hours.
Puerto La Unión, located in La Unión
Investment Opportunities in Logistics:
• Logistics activity zones in the proximity of seaports.
• Airport logistics center
• Distribution centers
For companies producing footwear
seeking to sell to larger markets, El
Salvador, the ‘logistics hub of Central
America,’ provides air and seaport zones
with tax incentives for manufacturing,
logistics and distribution, becoming a
gateway to U.S., Asian and European
markets.
El Salvador has the infrastructure,
geographical proximity and free trade
agreements to ensure easy and timely
access to large markets.
Logistics
Footwear
Easy to
andexport
timely access
to large
markets..
A platform
to large
markets
38
El Salvador:
Footwear Industry
Currently:
Began in the city of Santa Ana with local artisans.
2011
 Big companies as ADOC, DURAMAS, CARICIA, GARBAL,
 Exports: US $42 million (12% annual growth
exports to United States, Central America and The
over the last 6 years -2005/2011-).
Caribbean, Europe and Asia.
 El Salvador has the 26th position as a
 16 small enterprises, primarily produce to the
footwear supplier of the United States. El
Salvadoran market.
Salvador exports to the US market grew 28%
 390 handicraft workshops producing for the small and
in 2011. Source: USITC
large companies located in San Salvador and Santa Ana.
 The Imports grew by 23% compared to 2010
 ASPC: Salvadoran Association of Footwear Producers
(US $106 million) and 9% annually in the last
with 125 companies of La Libertad, La Paz, La Unión, San
6 years.
Vicente and San Salvador.
Services provided by PROESA
Information
and Advisory
Business
Opportunities
Assistance
Establishment
and Expansion
Facilitates the evaluation process of the country by offering:
 Information on the business climate, economic factors, set-up and operational
costs, regulations, availability of human capital and any other information
required in the early stages of the evaluation process.
 Personalized attention to specific enquiries.
Advises international companies on investment opportunities in El
Salvador by providing:
 Information on investment opportunities in strategic industries, as well as
incentives and investment advantages of those industries.
 Statistics and customized industry information.
Works to identify contacts and locations
for international investors through:
 Finding of specific locations and sites for each project.
 Facilitating contacts of potential partners, government institutions and
providers of goods and services including legal, financial, customs, real
estate, among others.
 Organization and coordination of customized site visits to El Salvador.
Assists potential and established investors with:
 Integral support on procedures required to establish or expand business
operations in the country.
www.proesa.gob.sv
EXPORT AND INVESTMENT PROMOTION AGENCY OF EL SALVADOR
TEL +503 2246 6400
Edificio D'Cora Primer Nivel, Urb. Santa Elena, Antiguo Cuscatlán, La Libertad, El Salvador, C.A.

Presentacion Pais El Salvador Eng OCT 2012

Transcription

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