Costa Rica and Peru Strengthen Trade Relationship

Officials from Costa Rica's exporting companies formalized opening the Andean market by signing two agreements.

Tuesday, September 22, 2009

They were signed as part of the visit to Costa Rica of a Peruvian trade delegation, headed by Martín Pérez Monteverde, Commerce and Tourism Minister.

"Peru is one of the main trade partners of the South American region. Manufacturing is the main activity, in which three sectors stand out: food, chemical and textile, representing 60% of this industry".

The agreements were signed by the Peruvian-Central American Chamber, the Peruvian Exporters Association (ADEX), and the Costa Rican Exporters Chamber (CADEXCO).

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The FTA signed between the two countries explains the increase in sales of Peruvian cacao in Canada, which went from $200,000 in 2008 to $3.5 million in 2013.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

Peruvian cocoa exports to Canada, according to the Business Intelligence System of the Exporters Association of Peru (ADEX), went from $200,000 in 2008 to $3.5 million in 2013 and the amount accumulated between January and May this year totaled $644,000.

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One by one the main leaders of Costa Rican business associations have expressed their appreciation and optimism for the agreements reached with the Chinese government.

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Costa Rican Exporters Demand Action from Government

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The Chamber of Exporters demanded the next administration greater commitment with the exporting sector.

"An example: the Free Zone Law. We know it will provide greater security for companies and attract more investment. However, it is useless to have a law which favors the most vulnerable or unprotected areas, if we don't have the required infrastructure, staff and telecommunications", stated Mónica Araya, president of the Chamber of Exporters.

Costa Rica Fosters Exports to NAFTA

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A trade mission from the Chamber of Exporters traveled to Texas in order to promote the country's products.

One of the main objectives of the mission, which was held from September 14th to 18th, was to generate new commercial contacts and update existing ones.

Sergio Navas is the executive vice president of Cadexco, the Costa Rican Chamber of Exporting Companies.

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