From January 2016 import tariffs will start to be phased out on chicken, rice and milk from the USA, reaching 0% in 2022 and 2025, under the DR-CAFTA agreement.
In Costa Rica local producers say they have been preparing for this for several years, but the country's loss of competitiveness due to high production costs and lack of action by the government to improve on this might prevent them from competing on equal terms.
The difference between nominal rates paid for loans in local currency and inflation is reaching levels not seen for the past 9 years.
Investors are happy with the situation, which means that their securities in colones are giving them good returns, but for entrepreneurs who need credit for their business or to develop new initiatives, concern is growing.
In Costa Rica, the current mechanism mainly benefits 30 large producers, who received $80 million in subsidies in 2011.
Despite warnings from the WTO, Costa Rica continues to subsidize rice production, a benefit which actually goes to about 30 large companies, rather than groups of small producers, and is "an unnecessary risk" according to the former Foreign Trade Minister Alberto Trejos, who added that "it is like going to the Country Club in Escazú to hand out Family Allowance resources."
Challenges to the sector include possible environmental laws on water use and real estate taxes.
Based on the preliminary results of 2011, growth forecasts for this sector for 2012 are not more than 1%. Authorities from the Ministry of Agriculture and Livestock, agree with agriculture leaders and the economist and former Minister of Foreign Trade, Alberto Trejos.
29 new foreign investment projects in high technology services, medical devices and advanced manufacturing.
The Costa Rican Investment Promotion Agency (CINDE), indicated that 29 new foreign investment projects that arrived in the country in the high technology services sector, medical devices and advanced manufacturing, in conjunction with the companies already installed, generated 5,730 new jobs and US $304.6 million during 2009.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
Represents the Company RTS INTERNATIONAL, Inc. of Kansas Cyty, TX, USA, for the territory of Guatemala and Central America. RTS finance exports through Factoring system.
Operates in Guatemala
Phone: (502) 2369 5408 - (502) 5709 2986
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158