Costa Rica and The "CAFTA Effect" on Investors

When everybody suddenly start asking you out, is when you realize that taking those extra hours to “invest” in yourself were worth it.

Tuesday, April 29, 2008

Things are pretty much the same for Costa Rica, which after “working out” on new development plans for different projects to come to life this year, keeps drawing the attention of international investors.

So who are the new “suitors” for Costa Rica?

According to Costa Rica Foreign Trade Minister Marco Vinicio Ruiz, Mexico, Canada and Chile are already starting to establish the base for future negotiations that more likely will take place this year. And just in case you are wondering about the sudden interest of this 3 countries; well, let me give you guys the short answer: CAFTA (Known as TLC).

More on this topic

3,650 Jobs Created by CAFTA in Guatemala

July 2009

After three years of ratifying the agreement, investments from the United States have increased by 22%.

According to the American Guatemalan Chamber of Commerce (AmCham) the signing of the Free Trade Agreement between the United States, Central America, and the Dominican Republic has generated an increase in investment, mainly in the call center industry.

Brazilian Ethanol to US via Costa Rica

June 2009

Costa Rica will import raw alcohol from Brazil to dehydrate it and re-export it to the US with zero-tariff, in accordance with DR-CAFTA rules.

The Brazilian president's visit to Costa Rica formalized at the government level what was already in the works between businesses in both countries.

Trade with US up by 20 percent in two years of Cafta

July 2008

Trade in some of the countries involved has grown by 20 percent since the introduction two years ago of the Cafta accord between the United States and Central America and the Dominican Republic, according to US Department of Trade figures.

The Cafta countries – excluding Costa Rica, which las a latecomer to the pact – by the end of last year had registered exports of US18.75 billion to the United States, while recording imports of close on US$22.41 billion.

The potential trade from a FTA between Costa Rica and China.

November 2008

The visit of president Hu Jintao to Costa Rica will strengthen the commercial ties with China, which are vital for increasing Costa Rica's presence in Asian markets.

Costa Rican minister of Foreign Affairs, Marco Vinicio Ruiz, says that there is a great potentional for growth in the commercial relation with China which will increase with the eventual negotiation of a Free Trade Agreement (FTA).

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