Boosting the Economy is Urgent

Businessmen in Costa Rica ask the government to complete projects that promote the reactivation of the economy next year, where construction and agriculture are the highest priority activities.

Wednesday, December 19, 2018

In addition to the economic rebound, the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) expects the country not to focus on single-issue discussions, as happened in 2018 with the fiscal plan.

In this regard, Gonzalo Delgado, president of UCCAEP, said that it is important "... to continue on the path of working on fundamental and indispensable projects for economic reactivation, and for this reason one should not act in the same way as in 2018, in which practically the country's agenda concentrated on a single topic, such as the discussion of the fiscal plan."

On the projects for economic reactivation and in which the productive sector worked proactively, it could be mentioned the Dual Education and Training Law project, unanimously and affirmatively ruled by the Science and Technology Education Commission and the presentation of the new project on Telework in the Economic Affairs Commission, informed the UCCAEP.

The business sector also insists on root-and-branch modifications, since according to the Union of Chambers, both the Executive Branch and the representatives of the Legislative Assembly must work on projects that entail structural changes, for example, making reforms to the Labor Procedural Code, since the last 86-day strike uncovered a series of gaps and privileges, which are unfair to Costa Rican society.

About State Reform, the UCCAEP considers that it cannot continue to be relegated at a time when the reorganization of the State system requires a deep and intense power of negotiation and consensus, since it requires a process of dialogue with different stakeholders to reach significant agreements.

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In Costa Rica, businessmen believe that by 2020 major steps should be taken to revive the economy and reduce unemployment, and government initiatives should focus on not hindering national production.

For the national productive sector, represented in the Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado (UCCAEP) (Costa Rican Union of Chambers and Associations of the Private Business Sector), during next year this government cannot fail to implement public policies that are not very effective.

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In Costa Rica, the private sector is recommending that the Alvarado administration implement effective measures to reactivate the national economy and a plan to recover the country's competitiveness.

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Tax Reform is Not Enough

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Businessmen in Costa Rica recognize the importance of the fiscal reform needed by the country, but they are calling on the Alvarado administration to pay attention to equally complex problems, such as unemployment and high production costs.

The business sector has taken stock of the first 100 days of the government of Carlos Alvarado, and in a discussion outlined the urgent challenges facing the country, such as how to achieve economic reactivation, advancing a proposed teleworking law, promoting dual training and investing in improving road infrastructure. 

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