El Salvador is the third largest economy of the Central American region. As a result of steady growth, the country faces rapid industrialization. The services sector is the most important component of the country’s GDP, followed by the industrial sector, especially in textiles and apparel, and the agriculture sector, which is principally based on coffee exports. El Salvador has set limits on the implementation of open market monetary policies to influence short-term variables in the economy.
In 2014, ITC signed a Memorandum of Understanding with the Secretaría de integración económica centroamericana (SIECA) to support Central America economic development and regional integration. In this context, over the next 3 years ITC work in Central America will mainly focus on regional initiatives that address cross-cutting issues including trade information and market intelligence, regional branding and women economic empowerment. ITC is also partnering with the Inter-American Development Bank (IDB) to strengthen Trade Promotion Organizations on results-based-management.