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Guatemala and El Salvador promote bilateral trade integration to reduce costs and times
Tuesday, September 17, 2024 - 13:30
Fuente: Ministerio de Economía de Guatemala

The Ministers of Economy of Guatemala, Gabriela García, and El Salvador, Maria Luisa Hayem, have been in charge of discussing the roadmap to implement the Integrated Border Post in Pedro de Alvarado - La Hachadura.

Guatemala and El Salvador are moving forward to start operations at the Integrated Border Post in Pedro de Alvarado and La Hachadura within the framework of the free movement of goods, in order to speed up the time and reduce costs for bilateral trade.

The Pedro de Alvarado Border Post is key to trade between Guatemala and El Salvador. In 2023, it generated 1,688 million quetzales (US$ 213 million) in revenue for Guatemala's public coffers. In addition, until July alone, revenue from this concept reached 1,138 million quetzales (US$ 143 million).

The operations of the post will speed up the transit of goods and improve trade procedures, reducing transit time by at least 60%.

The Ministers of Economy of Guatemala, Gabriela García, and El Salvador, Maria Luisa Hayem, have been in charge of discussing the roadmap to implement the Integrated Border Post in Pedro de Alvarado - La Hachadura.

According to Hayem, these efforts are part of the National Strategy for Trade Facilitation, and are added to the objectives of the Government's economic plan, which seeks to boost the Salvadoran economy and become a country "more attractive for investments."

Autores

Europa Press