Mimicking countries in the Bolivarian Alliance by snubbing the president of Brazil in the UN confirms the ideological inconsistency of a government that on the one hand has ministers who support free international trade and others who practice blatant protectionism.
President Solis has signed a decree declaring of public interest the "promotion, development and formalization of businesses in the social solidarity economy", at the same time as a bill with the same concept is not advancing in the legislature.
When the bill on the Social Solidarity Economy was presented in July 2015, theprivate sector expressed doubtsabout a concept that"... represents unfair competition against formal private companies and contributes nothing to the serious fiscal problems of the country, because it reduces the question of tax collections."
If the measures which the Central Bank plans to implement come to fruition, banks will have to seek authorization from the entity in order to borrow abroad in dollars.
This measure would be in addition to the latest implemented by the Central Bank, raising reserve requirements to 15% on new business loans from abroad.In June this year the increase in the loan portfolio in dollars compared to the same month of 2015 was 14%.
The Supreme Court has ordered the cost of giving bonuses to employees of the state run monopolistic distributor to be incorporated into fuel prices.
The resulting increase in fuel prices forces the country's economy to directly pay for the privileges enjoyed by some public officials, aggravating a situation in the private productive sector which must find new ways of staying competitive in a local context which is becoming increasingly adverse, with an unfavorable exchange rate for the export sector and rising production costs.
Traders, industrialists and entrepreneurs in the agro sector disagree with the position of the main private sector union over the negotiation of new taxes.
Three business unions have ratified their opposition to new taxes in Costa Rica and have made known their total lack of empathy with the way the Uccaep, an organization that unites most of the unions in the private sector, has dealt with the Solis administration over tax issues, the negotiation of a shareholder register proposed by the government and other aspects related to the fiscal problems affecting the country.
The government has been presented with a proposal for comprehensive reform of the state which includes issues such as flexible working hours and the opening of the electricity and hydrocarbons markets.
The productive sector is asking the Solís government not lift the ban on the labor law allowing the suspension of essential services during worker strikes.
From a statement issued by the Costa Rican Union of Chambers and Associations in the Private Business Sector (UCCAEP):
The Costa Rican Union of Chambers and Associations in the Private Business Sector (UCCAEP) has requested that the President, Luis Guillermo Solís, not lift the ban on the Reform of the Code Labour, record 15,990; on the eve of Saturday December 13, the expiry date of the four-year term for the project.
The country will promote foreign investment in these sectors, especially in areas with less development further away from the Greater Metropolitan Area.
The Costa Rican Coalition for Development Initiatives (Cinde) will focus on promoting investment in these sectors, diversifying its strategy of attracting investment and giving greater emphasis to the development of areas further away from the capital, where there is a stronger link with the productive sectors and agribusiness.
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