The Spanish tuna Calvo Group, market leader with its “Calvo†brand and owner of one of Italy’s best known brands, Nostromo, has been granted an increased flow of trade from its El Salvador processing plant to the European Union (EU).
The group is delighted that El Salvador and its products have met the standards of the European Partnership Agreement (EPA), meaning increased trade of goods with zero duty from its base in El Salvador that are imported into EU countries.
Boris Quintanilla, Calvo Group director for Central and the Caribbean said, “Calvo Group is ready to take advantage of, from August 1, the benefits of the Partnership Agreement between other preferences that allow us to take advantage of additional 4000 tons rules more flexible origin conferred on the Central American region.â€
Nostromo, owned by the Calvo Group offers a large range of tuna products, such as canned, filleted and smoked, and the ratification of this agreement will allow the goods to be imported into the EU with zero duty, meaning a huge appeal for the company in a highly competitive market.
El Salvador is the most recent country to qualify for the Partnership Agreement’s approval of trade between Central America and the EU.
“The ratification of the EPA with the European Union will give us greater legal stability for investment and gives us the ability to have new options for purchasing raw materials with more flexible rules of origin thus be more competitive globally,†Quintanilla said through a statement.
The Calvo Group is celebrating its first ten years in El Salvador and in that time has invested USD 140 million and 70,000 jobs into the area.
