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El Salvador urgently needs investment, says Calvo

Thursday, January 3, 2013

Calvo, the Spanish-owned fished processor, urged the Salvadoran government to make changes to its laws in order to attract more foreign investment.

Among the changes the company recommended were confirming the association agreement with Europe and boosting the energy sector.

Calvo also announced it plans to invest up to $10 million in its tuna processing plant in La Unión, in new equipment and staff for a night shift, which will in turn boost exports.

Full story (in Spanish)