Costa Rica Free Zones suffer from recession in the US

The economic crisis in the United States has caused the growth rate for exports from the free zones to fall to just 1.4% this last year.

Friday, December 5, 2008

US companies have reduced their purchases of good made in Costa Rica and hence, the sector has grown by only 1.4% since October 2007 to October 2008.

"The growth is not all that encouraging but at least there is growth," commented Timothy Scott, director of the Association of Free Zone Companies (Azofras).

The accumulated amount for sales from the 215 companies in the free zones was $4.3 billion, or only $61 million more than the amount for ...

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