El Salvador
More info at the website of Indian embassy in Panama which deals with El Salvador
http://www.indempan.org
El Salvador has an embassy in New Delhi since 2008
Basic Information
- Map : http://worldatlas.com/webimage/countrys/namerica/camerica/sv.htm
- Capital : San Salvador
- International Airports : San Salvador
- Seaports : Acajutla, Puerto Catuco, La libertad, La Union and Puerto El Triunfo
- Language : Spanish
- Electric Current : 120/140 voltage
- Main Cities : Santa Ana, San Miguel, Snasonate, La Union, Zacatecoluca
- Major Banks : Banco Central de Reserva De El Salvador, Banco Agricola and Banco de Comercio
Overview of the Market
- Government offers sector-specific fiscal incentives. There are free trade zones for exports.
- telecom, banking and infrastructure are modern
- FTA with USA, Mexico and being part of SICA gives access to these markets
- the economy has been dollarised since 2000. US $ circulates freely along with the national currency Colon.
- coffee and sugarcane main cash crops.
- apparel exports, mainly to USA, accounts for 50 % of the total exports.
Business with India
Bilateral Trade (US $ million)
|
2002 |
2003 |
2004 |
2005 |
2006 |
|
2009 |
Exports from India
|
6.7 |
7.8 |
12.9 |
13.9 |
20.5 |
- |
33 |
Imports by India
|
0.6 |
0.8 |
1.4 |
0.9 |
1.5 |
- |
3 |
|
APTECH in El Salvador
APTECH Computer Education has launched a state-of-the-art centre for IT education at the Universidad Francisco Gavidia [UFG] in El Salvador. The Center will offer professional courses in software development, information technology systems and applications development.
Trade and Industry Contacts