Costa Rica business brace for crisis
Companies exporting to the US are seeking new markets and emphasizing the efficiency of their operations.
Tuesday, October 7, 2008
Some are diversifying their markets and are looking for clients in the Caribbean, Central America and even in South America; others are highlighting the production efficiency that help to reduce costs.
The chief economist at the Central American Bank for Economic Integration (BCIE), Pablo Rojas, said that the regions possibilities for export to the United States continue to be favorable despite the economic recession that is affecting the country to the north.
Exporter and the government expect that demand will not dry up due to the global situation.
The finantial crisis in USA will especially hurt Mexico and Central America, whose economies are closely tied to the U.S. market.
According to a survey by the export union, its members fear that they will be affected by the crisis in the US in the short term.
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