In 2015 Costa Rica led the import of aluminum and articles made of aluminium in the region, with $166 million, followed by Guatemala, which imported $147 million, and thirdly Panama, with $129 million.
Marketfiguresfor aluminium and products made of aluminium in CentralAmerica compiled by the Business Intelligence Unit at CentralAmericaData.com, show that in 2015 the countries in the Central American region as a whole imported 153,000 tons of aluminum and articles thereof, equivalent to $646 million.
The new site will operate in Seoul on the same premises currently occupied by the Embassy of Costa Rica in China.
From a statement issued by PROCOMER:
Seoul, Korea, October 13, 2016.With an eye to opening up new business opportunities for domestic exporters, the Foreign Trade Promotion Office of Costa Rica (PROCOMER) inaugurated on Thursday a new office in the capital city of Korea, Seoul.With this new sales representation in addition to the existing ones, there are 41 offices around the world which continue to support the efforts of Costa Rican internationalization.
A meeting has been organized, for the first months of 2017, between Israeli and Costa Rican businessmen to explore business opportunities.
From a statement issued by the Chamber of Foreign Trade of Costa Rica (Crecex):
The Chamber of Foreign Trade of Costa Rica, (CRECEX) and the Embassy of Israel have organized a meeting between Israeli and Costa Rican businessmen in order to affect an increase in trade between the two countries.
From October 20 a decree will be in effect which integrates into a single document the national legislation and the Uniform Central American Customs Code, necessary for Panama's full integration into the block.
The Director General of Customs, Jose Gomez Nunez, told Capital.com.pa that"... the institution is prepared for the implementation of Cabinet Decree No.
According to Moody's Costa Rica is one of the economies that could be affected significantly if after the presidential elections the U.S. decides to restrict its international trade policy.
From a press release by Moody´s:
New York, September 22, 2016 -- Mexico (A3 negative) and Costa Rica (Ba1 negative) are among the most exposed economies in the Americas, if the US (Aaa stable) were to shift toward a retrenchment from trade and investment ties after the November presidential elections, according to a report by Moody's Investors Service. Canada is less exposed since it does not benefit from the low labor costs that incentivized the offshoring of manufacturing operations.
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.
Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow.
In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization.Not only for having reduced tariffs, but also for"... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa.This opening not only lowers tariffs but brings us closer to the market and the business'. "
In 2015 the countries of the region exported $1000 million worth of plastic and plastic products, led by Costa Rica and El Salvador, with $354 million and $337 million respectively.
MarketDataon Plastics and Plastic Products in Central America,compiled by the Business Intelligence Unit at CentralAmericaData.com, shows that in 2015 the countries of the region exported 480 thousand tons ofplastics and articles made of plastic, with a total value of $1056 million.
On January 1, 2017 the new nomenclature comes into force, which extends codes used in the Tariff System to 10 digits.
From a statement issued by the Salvadoran Association of Industrialists (ASI):
The Salvadoran Association of Industrialists (ASI) held on this day a conference with the aim of informing its members about the implementation of the Sixth Amendment to the nomenclature in the System for Tariff Description and Coding (SAC) and the enlargement to ten digits of the codes for goods that are exported and imported.
In 2015 El Salvador led paper and cardboard exports in the region, with $263 million sold, followed by Guatemala, which exported $138 million and thirdly Honduras, with $112 million.
Figures for the Paper and Cardboard Market in Central America, from the Commercial Intelligence unit at CentralAmericaData.com, show that in 2015 the countries that make up Central Americaexported a combined total of 457,000 tons of paper, cardboard, and derivative products, equivalent to $693 million.
Within three to four months the SAT plans to start implementing a selective "blue" process, which involves clearing containers so that they only go through one documentary process or warehousing goods inspection.
The measure aims to streamline the inspection process, free up space in ports and reduce waiting times, explained Werrner Ovalle, intendent of Customs.
The value of exports amounted to 554.0 billion, with a reduction in value of 17.5 percent compared to the same quarter in 2015. Meanwhile fob imports amounted to 1331.5 million dollars with a growth of 4.1 percent year on year. In regards to cif imports, they reached 1435.3 million (2.7% growth). Non - oil imports grew by 6.5 percent year on year, led by consumer goods, specifically medical and pharmaceutical products and telecommunications equipment.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786