New Regulation for Salvadoran SMEs

©image: Javier Lastras

Mario Cerna, Commerce and Industry vice ministry, explained that the bill is currently in its final draft.

"The law will include technical regulations, goods and services standards, and quality certification for companies. It will help us build a quality system through a number of institutions", stated Cerna, according to Laprensagrafica.com.

Source: laprensagrafica.com

More on this topic

El Salvador Launches National Quality Policy

December 2011

The Ministry of Economy has launched a National Quality Policy which aims to turn El Salvador into a more competitive country.

A press release from the Ministry of Economy reads:

Economy Minister Hector Dada Hirezi launched this December 13 the National Quality Policy, the aim of which is not only to make a difference by turning El Salvador into a more competitive country, but also one where consumers get higher levels of respect in relation to the supply of goods and services.

El Salvador: $4 Million in Centers for SMEs

June 2010

$4 million have been earmarked for the initial development of the so-called CDMYPES, or Centers for the development of Micro and Small Companies (SME).

The announcement was made by Mario Cerna, vice minister of Commerce and Industries, noting that these centers should be open by the end of 2010.

More Resources for Salvadoran MSMEs

January 2011

Government officials announced a $ 4 million fund to strengthen performance of MSMEs.

Mario Cerna, Vice Minister of Commerce and Industry told the media: "It is a state investment in micro, small and medium businesses looking to become more efficient, that is to reduce costs and produce more, but also implement technology in their production processes, including helping them to innovate their products."

El Salvador Introduces Bill for SMEs

October 2010

The preliminary draft presented by the Ministry of Economy aims to create a favorable environment for Small and Medium Enterprises.

The sector represents 99.4% of companies established in the country, demonstrating their importance in the national economy. Within this percentage, there are 463.803 micro family businesses, 148.574 micro and 13.208 small enterprises.