CII, EL-Salvador sign MoU for improving trade, investments

The Confederation on Indian Industry and Investment Promotion Agency of El- Salvador signed a memorandum of understanding for promotion of bilateral trade and investment at the Partnership Summit 2008 on Wednesday.

GURGAON: The Confederation on Indian Industry and Investment Promotion Agency of El- Salvador signed a memorandum of understanding for promotion of bilateral trade and investment at the Partnership Summit 2008 on Wednesday.

The MoU was signed by Ana Vilma Albanez de Escobar, vice president of EI Salvador and Madhur Bajaj, vice chairman, Bajaj Auto.

Escobar said her country is among the top 10 countries in Latin America in ease of doing business and the economy has been deregulated in last two decades through the regional integration route.

The dollarised economy in El Salvador can be a catalyst to explore new domains, she said.

The EI Salvador vice president also announced plans to open an embassy in India by next month.
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