As one of the measures that the Costa Rican government plans to implement is that it will no longer be necessary to have all the requirements to open a business certified, and only an affidavit will be necessary.
The government will implement a regulatory moratorium that will prevent the creation of new procedures, requirements or procedures to obtain permits, licenses or authorizations, which will apply until May 2022, according to an official source. This would be one of the guidelines that are part of the government's actions to lead the country to economic recovery.
More pets in Panamanian households translate into growth and diversification of the market for products and services for those members of the family.
An article on Panamaamerica.com.pa reports that "...Having a pet as a member of the family is a growing trend in Panamanian homes, which has strengthened and diversified trade for companies that are dedicated to this sector, offering everything from food to funeral services."
Costa Rica and Guatemala are leading a market in which 300 brands based on this business model already operate, 125 of which are native to the region.
Of the 300 franchises existing in the region, 125 were created by Central American companies that have adopted this business model, becoming the fourth largest market for international franchise in Latin America.
Social conflict, the political environment and a feeling of insecurity have lead to fewer companies registering while a growing number of established companies disappear.
An article in Prensalibre.com reports that "During the first 20 months of the current administration 8,134 companies have ceased operations, which means that 406 closed per month, and 13 closed per day, according to Companies Registry," while "in the same period, but under the government of Alvaro Colom, the number of companies cancelling registrations was 5,236, about nine a day."
In the 2013 edition of the fair, participants closed $14 million in deals, plus $42.6 million in future purchasing intentions.
From a statement by ProNicaragua:
More than $14 million in business deals were signed during LAC Flavors 2013, the highest amount among the five editions of the annual business meeting, an increase of 363% compared to the $4 million conducted in the previous edition.
In Nicaragua, Honduras and El Salvador large scale traders and exporters are leveraging the ability of small farmers assuring them market space.
For example, in Nicaragua, 228 dairy producers who are members of the Cooperative 'Cooperativa de Productores de Leche El Triunfo RL ' (Cooproleche) are no longer exposed to having to sell their product at any price .
On 12 and 13 October, a trade mission comprised of thirty French companies will hold meetings with their regional counterparts.
Organized by the Central American - French Chamber of Commerce (CFCCI) the meeting seeks closer ties between the two countries, both in trade and investment.
Jérémie De Contes, the executive director of the CFCCI, said the sectors of energy, agriculture, tourism and telecommunications have great potential in future negotiations.
The government has announced a package of 30 pro-competitive reforms implemented in the last year with the aim of improving the ease of doing business in the country.
A statement by the Presidency of Panama reads:
Government implements package of 30 reforms to improve the ease of doing business in Panama
• This effort is measured in a World Bank report to be issued in October
Multinational corporation 3M plans to double its business in the next three years.
Inge Thulin, vice president of International Operations, explained that Guatemala, together with Latin America, remains one of the company's top markets.
He told Sigloxxi.com: "Our objective is to growth 2.5 times as fast as the local economy; that is, if Guatemala grows 1.5% in a year, we must grow 3.7%, or else we will be stagnating".