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