Costa Rica's FT zones a success
Companies operating in Costa Rica's free trade zones generated exports of 773 million dollars during the first half of this year, a 28 percent increase over 2007.
Tuesday, July 22, 2008
The Costa Rican Coalition of Development Initiatives, which promotes investment, issued the report using data from the Central Bank and corporate reports.
Exports from companies in the free zone in Nicaragua grew by 44% in the first four months of the year.
Although tax incentives have been granted by the government, a lack of good telecommunication services and public infrastructure deters investors from setting up in less developed areas.
Costa Rica increased its exports by 7.8 percent between January and May of this year, with almost all productive sectors showing improvement.
With a 4% increase in exports in 2012 compared to the previous year, the textile industry remains the main pillar of foreign trade in El Salvador.
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