In Costa Rica 206 domestic and foreign enterprises provide supplies to the medical device manufacturing companies operating in the country.
Specialized cleaning services, packaging and bottling and even microbiological testing services are some of the things provided by companies that have found in the medical device industry that operates in Costa Rica an opportunity to develop a business.
Eleven clusters are operating in Costa Rica, in sectors ranging from digital animation to flowers, food or agricultural products, seeking better operating and financial leverage.
Achieving greater access to credit, winning new customers and suppliers, discussing industry issues and possible solutions, more formalized operation or devising new strategies are part of the benefits of belonging to a cluster, a policy that is actively supported by the Costa Rica Foreign Trade Promotion Office (PROCOMER).
Through a commercial supply chain project with Grupo de Alimentación Calvo two Costa Rican food producers will export to Europe and Central America under the private brand model.
Grupo El Ángel and Alimentos Kamuk are companies that will be exporting hot chili sauce, green chili sauce, red chili sauce and tabasco in early 2015 to Central America and later that year to Europe.
On July 10th, representatives from companies the free zone regime will meet to discuss issues such as investments outside of the greater metropolitan area and production chains.
In addition to the issue of productive chains generated by companies operating under the free zone regime, discussion will take place on other topics such as opening free zones in areas which are less developed and more remote from the greater metropolitan area, where the majority of the sites offering this tax incentive scheme are located .
Box office revenues from the show featuring Mexican Ocesa in Costa Rica, will be close to $17 million.
In the past two years an average of 30 major arts events have taken place in the Costa Rican capital, with an average annual income from ticket sales of $12 million.
"The Municipality of Alajuela estimates that the organizer of the show, Ocesa Costa Rica, will have to pay an amount which is close to $795,000, representing 5% city tax per ticket sold," noted an article in Elfinancierocr.com.
Small construction and packaging manufacturers are the companies that sell to large multinationals, through so-called productive chaining.
According to the director of the Costa Rican Foreign Trade Promotion Office (Procomer) Rolando Dobles, this level of chaining is the most basic form and is what normally occurs in any economy, being far from the chainings which result in more elaborated products .
Costa Rican exporters view positively the inclusion of new products to the FTA with Mexico, with the possibility of establishing regional production chains.
Some of the products that will be incorporated into the trade agreement are sugar, iron and steel sheets, gelatin powder, cigarettes, chicken sausages, jellies and fruit pastes. In addition, also agreed was trade in raw materials such as yogurt and powdered sour cream and hydrolyzed vegetable protein.
An international conference is to be held with the title of “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”
The Ministry of Foreign Trade (Comex), the Organization for Economic Cooperation and Development (OECD) and the Inter-American Development Bank (IDB) are inviting participants to the conference entitled: “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”
Heads of state and business leaders will seek to join efforts for the development of Latin America and the Caribbean at a Business Summit, which will precede the Sixth Summit of the Americas.
Executives of large companies operating in Latin America and the Caribbean will meet April 13–14 with heads of state and government to discuss prospects for economic development in the region.
Exports promotion agency Procomer unveiled a study of the plastics industry in the country, focused on business linking opportunities in Costa Rica and abroad.
The study was based on surveys to 52 companies operating in this industry, and some of the findings include that 78% of the sector is made up by small and medium companies, which require industrial and administrative technology to develop attractive permanent deals.
The real, effective integration of Central America lies more in the hands of businesses than governments.
Deep into their own political agendas, which many times reflect only short term party interests, Central American governments have so far been unable to develop an integration process that is not only indispensable, but also unavoidable.
Integration is indispensable, as it is the only way to overcome underdevelopment barriers through a better use of human and material resources. It is also unavoidable, as Central American corporations are pushing beyond national borders, looking for lower costs through economies of scale and productive chaining from Guatemala to Panama.
Seminar covering best practices in agricultural value chains and financing its components.
The seminar is being organized to take place in Costa Rica in the second half of November, 2009.
The target audience will be representatives of financial entities active in the agricultural sector, non-financial companies with a stake in the sector (producers, cooperatives, processors, exporters, marketers, input suppliers), Government authorities, business chambers, non-governmental organizations, international organizations and academic the use of agricultural value chains as a mechanism for offering financial services to all the stakeholders involved.
To lower the costs of their supplies, businesses in the Free Port zones of Costa Rica are expanding the productive chain to include local suppliers.
Nor the uncertainty of the status of the Free Port Zone Law, which is stuck in Congress, nor the impact of the global crisis that has caused exports at Costa Rican free port zones to fall 16% in the first quarter of 2009 have reduced the determination of these businesses.
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...