Tal­ent, hard work and push

Los Angeles Times - - EL SALVADOR -

The In­dus­trial Pro­duc­tion In­dex (IVOPI) closed in 2014 with a growth of 0.8%, as re­ported by the Cen­tral Re­serve Bank (BCR). This shows a mod­er­ate dy­namism of in­dus­trial pro­duc­tion in El Salvador, eco­nomic ac­tiv­ity that gen­er­ates a large part of the jobs and ex­ports in the na­tional econ­omy. Wood in­dus­try, phar­ma­ceu­ti­cal, textile, food and drinks, among oth­ers, man­aged to push the in­di­ca­tor. Although we must em­pha­size two sub­sec­tors, these are the phar­ma­ceu­ti­cal and agribusi­ness, but also the plas­tics sec­tor is quite dy­namic with a fo­cus on automotive parts and es­pe­cially in the med­i­cal field. Cre­ative in­dus­tries such as graphic de­sign or video games in­dus­tries are also im­por­tant. “We have enor­mous tal­ent of young peo­ple giv­ing a great con­tri­bu­tion to these ar­eas.” Says Deputy Min­is­ter of Econ­omy Luz Estrella Ro­dríguez, which delves into the phar­macy and nat­u­ral cos­met­ics and says, “We are lo­cated in a kind re­gion in terms of our flora and vol­ca­noes. We be­lieve this is an op­por­tu­nity for the phar­ma­ceu­ti­cal sec­tor be­cause it po­si­tiones us in a new dif­fer­en­ti­at­ing mar­ket tan in­ter­na­tional big Pharma who are more in the area of patents or chem­istry.” In the phar­ma­ceu­ti­cal sec­tor in re­cent years there was con­trac­tion in the mar­ket due to the im­ple­men­ta­tion of a se­ries of new reg­u­la­tions by the Na­tional Medicines Di­rec­tion af­fect­ing in any way the free­dom of prices, these mea­sures have af­fected neg­a­tively the sec­tor, but phar­ma­ceu­ti­cal prod­ucts from El Salvador have a strong em­pha­sis in tech­nol­ogy and qual­ity, which makes the in­dus­try re­main strong and com­pet­i­tive re­gion­ally. The in­dus­try faces some chal­lenges as chem­i­cal bases de­pen­dence for cre­at­ing mul­ti­ple prod­ucts, since some drugs are tested for three years and patents are sub­ject to many laws and reg­u­la­tions. In short we can say that there are more than 50 drug man­u­fac­tur­ing plants, more than 8,000 di­rect jobs and 15,000 in­di­rect em­ploy­ees, GDP for the phar­ma­ceu­ti­cal in­dus­try is USD 355 mil­lion.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.