El Salvador Conducts First Investment Forum In New York

01 Dec, 2015, 15:56 ET from El Salvador Export and Investment Attraction Agency (PROESA)

NEW YORK, Dec. 1, 2015 /PRNewswire/ -- El Salvador Export and Investment Attraction Agency (PROESA) conducted its first Investment Forum, El Salvador: Opportunities Beyond Expectations, with invited guests from a cross-section of the business and investment communities in Manhattan and the surrounding metropolitan area. A panel of Salvadorian officials and a US businessman discussed the opportunities and advantages of doing business and investing in El Salvador.

Speaking at the forum Mr. Sigfrido Reyes, President of PROESA said: "More than 50 companies from all around the world have already established a home for their operations in El Salvador. We have every expectation that it will continue to grow."

Referencing the benefits of commerce in El Salvador, Reyes continued: "The people of El Salvador are friendly and gracious in their hospitality." El Salvador, located in the middle of the Americas, has adopted the US dollar - considered a major factor for investors.  Citing the issue of safety, security, and overall stability of El Salvador, Reyes said: "We have fought and won corruption, have worked vigorously to promote economic growth, and today we offer a country that is ready, in all aspects, to be your partner."

Speaking specifically to the issue of economics, Carolina Vides, Investment and Export Manager for PROESA, said: "It all starts with investment laws.  El Salvador offers attractive tax incentives which guaranty investors a secure environment." The country has begun to attract foreign direct investors (FDI), a statistic supported by the fact that it has more foreign direct investors than any other country in the region.

Phil Pedone, panelist and US businessman with operations in El Salvador, believes El Salvador is an outstanding place to conduct business, stating "They have free trade agreements with 42 countries, and taxes are very favorable for foreign investors." According to Pedone, profits from their Salvadorian business have allowed them to make investments that have helped grow their business both in US and El Salvador.

Salvadoran UN Ambassador, H.E. Ruben Zamora, in closing, stated: "We have been speaking today of all the advantages of investing in El Salvador. A major factor of foreign investors joining us in El Salvador is that it creates opportunities for everyone; we have created an environment for businesses to invest and grow with El Salvador."

About PROESA:
Founded in 2000, PROESA is El Salvador's Export and Investment Attraction Agency.  PROESA is an independent government agency whose mission it is to improve the lives of the people of El Salvador through the promotion of exports, investments and public private partnerships. And to, increase national productivity by the creation employment opportunities and enhanced national development.

For more information about EL SALVADOR and PROESA please contact events@proesa.gob.sv.

 

SOURCE El Salvador Export and Investment Attraction Agency (PROESA)