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View Full Version : AmCham on El Salvador VP visit



NewsWhore
09-06-2007, 05:50 PM
The American Chamber of Commerce has invited El Salvador Vice President to speak on trade and social responsibility in the DR next week. AmCham vice president William Malamud made the announcement yesterday at a press conference.
Also speaking at the conference, El Salvador Ambassador Ernesto Ferreiro explained that Vice President Ana Vilma Albanez de Escobar will visit and attend meetings to strengthen trade and cultural ties between both countries. The ambassador stressed the DR is lagging behind in trade with El Salvador.
Eleven trade missions from El Salvador have come to the DR seeking new business, according to Ambassador Ernesto Ferreiro, but not a single Dominican mission has reciprocated and traveled to El Salvador, as reported in Hoy. According to the Ambassador, El Salvador missions have resulted in deals in tourism, food, pharmaceuticals, metalworks, arts and crafts, and other products and services. Ferreiro explains that not only large businesses have come, but also medium and small sized businesses. He attributed this to the promotion and help that investors receive in El Salvador. Trade is duty free between the DR and El Salvador.
A highlight of the visit of the Vice President will be her talk on the El Salvador free trade experience during an American Chamber of Commerce luncheon on Wednesday, 12 September at the Hotel Jaragua. AmCham vice president William Malamud has highlighted the key role that Albanez de Escobar has played in implementing and making the most of DR-CAFTA for her country. Malamud explains that El Salvador was the first country to sign DR-CAFTA into effect.
AmCham has also coordinated for her to speak the next day in Santiago on the impact social investment has on economic development at a luncheon at the Hotel Gran Almirante.
Interviewed about DR-CAFTA in Hoy, trade and customs consultant Juan Jose Zuniga encouraged Dominican business to make the most of DR-CAFTA . Zuniga added that the government should create the necessary infrastructure and provide better information about the treaty for businesses . Zuniga says that making the most of DR-CAFTA is a task that the government and the business sector should tackle together.

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