Diario Co Latino – Informándote with credibility

Mirna Jiménez
Diario Co Latino

The President of the Agency for the Promotion of Exports and Investments of El Salvador (PROESA), Sigfrido Reyes, defended the project of the Economic Zone Special (EEZ), designed for 26 municipalities in the east of the country and which would involve the arrival of entrepreneurs from the People's Republic of China, who also showed interest in investing in the port of The Union.

Reyes came out at the pace of statements by the US ambbadador to El Salvador, Jean Manes, who badured earlier this week that China's popular government's goals in the country are primarily military and geopolitical rather than commercial .

"Investments that help us provide jobs and well-being to people must be the most important thing for our country … We should welcome any country that comes with the intention to invest in El Salvador, "said Reyes, in an interview with Radi. o Maya Visión

The ZEE project was presented last week by the government in the Legislative Assembly to be debated by the different parliamentary factions.

Some right-wing parties like ARENA or the PDC have already aligned themselves with the position of the US government that suggests a presumed danger of Chinese investment agreement, also claiming that It violates a series of regulations and develops an opaque strategy to access countries. "China is a global factory where large quantities are produced, a lot of products and equipment, your technology is in competition with anyone, our country is developing and should be open to all." said Reyes.

According to the president of PROESA, the operation of this special area does not mean that there will be violations of labor law, but that ensures full compliance with laws, in addition to an average salary superior to that of the local.

Reyes said that current tax incentives have generated no less than 110 thousand jobs in different areas of economic activity such as industry and international services. "In this approach in the south-east of the country, what is done is to replicate the incentives that already exist, plus a small increase because when the reality is badyzed, one realizes that even with incentives, companies do not are not settled in the east, they did not go there, they concentrated in the metropolitan area of ​​San Salvador and in two routes to Santa Ana and to the SEZ is a model of investment put implemented by the People's China in the 1970s, where territories with tax benefits for foreign investors are established.This model is attributed to the strong Chinese economic growth of recent decades.