New Free Trade Zone in Costa Rica
Costa Rican President Oscar Arias Sánchez and Foreign Trade Minister Marco Vincio Ruíz today inaugurated the new free trade zone of the east. Three multinational firms are already taking part: Teletech, TechDada and Countrywide Financial. They employ a total of 1,340 workers.
Tuesday, April 22, 2008
"Just last year we received 1.885 million dollars from this kind of investment," said Arias. "We have done this to deepen the productive diversification process."
President Oscar Arias signed a law modifying the Free Zone regime in Costa Rica.
During the first quarter, the Ministry of Foreign Trade (Comex) will send the bill to the Assembly in hopes of getting it passed during the first quarter of the year.
With the reform to the Law on Free Zones, the country is adapting its legislation to WTO rules.
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