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El Salvador ratifies its adhesion to the Customs Union with Guatemala and Honduras
By Portal & Asociados
"This is a historic step for El Salvador in the deepening of its customs strategy with the countries of the Northern Triangle. It represents the most important advance that our country has made in favor of Central American economic integration”, stated the Ministry of Economy in a press release.
In the first stage of the Customs Union, all policies will be focused on the promotion of free movement of goods and trade facilitation. For this purpose it's essential the conformation of the so-called integrated border posts: integrated border posts will operate through a single intervention by officials of the three countries, the creation of trade facilitation lanes and the use of a single trade document, the Central American Single Invoice and Declaration (FYDUCA).
According to the Ministry of Economy, “the incorporation of El Salvador to the process of deep integration initiated by Guatemala and Honduras will have a positive effect on the country's economy because of the greater simplification of procedures at border customs”. According to studies from the World Bank, the paperwork deadlines at integrated border posts operated by Guatemala and Honduras were reduced from ten hours to fifteen minutes since those two countries begun last year to work together.
The Salvadoran private sector has also positively valued the Customs Union as it translates into a reduction of time in logistics and operating costs, while facilitating productive chains, among other benefits.
In November 2017, Salvadoran President Salvador Sánchez Cerén announced that in an effort to promote a "deep integration" in Central America, the country would join the customs union that its neighbors had formed in June.
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In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.