Demands of Businessmen in Costa Rica

Facing a second round of elections scheduled for April 1, private sector unions are calling on the two candidates to present their economic proposals for reducing the uncertainty that currently weighs heavily on the business climate.

Tuesday, February 6, 2018

A solution to the fiscal problem, and options for reducing the cost of energy and other production costs that are affecting the country's competitiveness is what Costa Rican businessmen are asking of the candidates who will face a second round of elections on April 1. 

See also "Costa Rica Elections: Most Important Issues Not Discussed"

From the banking sector, Carlos Alvarado, from the Citizen Action Party (PAC) and Fabricio Alvarado, National Restoration (PRN), have been called on to put forward their proposals in the economic and fiscal field, to minimize the negative effects that political uncertainty is generating on business activities. María Isabel Cortés, executive director of the Costa Rican Banking Association (ABC), told that "... 'the complex political situation increases uncertainty and, therefore, investment decisions will be postponed.

For his part, Mario Montero, Executive Vice President of the Costa Rican Chamber of the Food Industry (CACIA), explained that   "... The sector wants to know if it will have ministers and directorates of organisms who manage trade with a protectionist vision, such as revealed in some concrete facts during the present administration, or if instead they will have a vision of facilitation of this type of commerce."

From a statement issued by the Costa Rican Chamber of the Food Industry (CACIA): 

- Move away from agricultural protectionism that is paralyzing or preventing imports of raw materials for agro-industrial processing. 

- Have a philosophy of customer service, especially the Ministry of Agriculture and Livestock (MAG) and the Ministry of Health, where private companies are helped to obtain requirements, attached to legality, science and international health standards and regulations; not as currently happens, where the employer is a regulated entity that must show that it is not a "potential delinquent".

- Send strong signals towards the facilitation of trade with our closest trading partners such as Central America and Panama; showing in its Government programs a commitment to trade facilitation and the elimination of technical barriers to trade, such as the nutrition labeling warning initiatives currently promoted by some regional entities. 

Read full release (in Spanish).

More on this topic

The Worries That Keep Businessmen Awake At Night

February 2018

The high cost of energy and the fiscal deficit are two of the problems that worry companies in Costa Rica, who also face an uncertain political scenario, a few weeks to go before a second round of elections.

With a month and a half to go before a second round of elections, Costa Rican businessmen highlighted a difficult year in terms of job creation and attraction of new investments.

Costa Rica: Entrepreneurs Distance Themselves From Main Union

March 2016

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.

Quo Vadis Costa Rica?

August 2014

The productive private sector is signalling a lack of dialogue and clarity as well as conflicting messages from the authorities of the new Costa Rican government, which is also proposing laws that discourage investment.

An increase of more than 4% in the salaries of public officials, lack of action over lowering the cost of energy, lifting barriers which generate legal uncertainty, and initiatives to increase the tax burden on the formal productive sectors are the issues concerning entrepreneurs in Costa Rica.

Costa Rica: Business Confidence Down 10%

May 2014

The business confidence index calculated by the "Business Pulse" survey reached its lowest level in the last two years, with negativity being felt in the services and construction sectors in particular.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

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