Costa Rica: New Strategy to Attract Investment

Commerce Vice-minister, Fernando Ocampo, has indicated that the country will seek to attract foreign direct investment (FDI) from South Korea and Brazil.

Friday, September 3, 2010

The Vice-minister added that the strategy for the next four years is based primarily on diversifying the origin of capital brought to the country.

Nacion.com reports comments from Ocampo saying that, "though not final, there is a clear aim to 'attack' other markets so that investment in Costa Rica is a little more diversified, without forgetting the USA, which remains the main investor in our country".

Of total FDI in Costa Rica in 2009 worth $1.345 billion, 51% came from the US.

More on this topic

China plans to exports to the region from Costa Rica

January 2009

Costa Rica hopes use the FTA with China to capture production investment from Chinese companies which will export their products throughout Central America

China plans to use Costa Rica as the bridge to export to the other countries with which the Central American country has trade agreements, such as Mexico, the United States and Canada.

Costa Rica Receives China Trade Mission

May 2011

The delegation consists of representatives from 40 companies in the infrastructure, aerospace, high technology and clean energy sectors among others.

This visit is the result of the momentum of new opportunities arising from the FTA with China. In terms of investment, Costa Rica is interested in benefiting from the knowledge and experience of Chinese companies to strengthen and modernize the national infrastructure.

Costa Rica Offers 87% Opening in Industry

September 2012

In the second round of FTA negotiations with Colombia, Costa Rica increased from 62% to 87% their offers of openings in industry.

The Costa Rican offer still falls short with respect to the ambitions of the Colombian negotiators, who at the start of the negotiations requested that the tariff reduction in the industrial sector be 100%.

Colombia Falls Short on Agricultural Offer to Costa Rica

September 2012

In the second round of FTA negotiations between the two countries, the tax offer for agricultural products did not satisfy the Central American country's representatives.

Fernando Ocampo, Vice Minister of Foreign Trade said that the offer made by Colombia does not meet the needs of Costa Rican farmers.

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