Costa Rica: Daily Losses of $ 6.5 million

Temporary closing of highways to port of Caldera and Inter-American Highway to the north are negatively impacting on commerce and trade with the region.

Friday, October 1, 2010

Betsabe Alvarez, of the Chamber of Exporters of Costa Rica (Cadexco), said to Nacion.com that the sectors most affected by the closing of the highways are agricultural and dairy products. She added “Exporters are canceling orders as well as sending trucks and containers. They are also in talks with their customers."

The industrial sector has also felt the effects.



More on this topic

Tension in Nicaragua Affects Regional Trade

April 2018

Entrepreneurs from Costa Rica are paying attention to what is happening in its neighboring country, where 90% of Costa Rican exports to Central America are transported by land.

In a statement, the union of exporters noted that "... As representatives of the export sector, we are concerned about the transit of goods to the rest of the Central American region, which receives more than $2.3 billion in Costa Rican products. This considering that more than 90% of exports to Central America are made by land and that Nicaragua, as well as being a destination for our exports, is also our gateway to Guatemala, Honduras and El Salvador".

More Business Between Nicaragua and Costa Rica

February 2018

With the aim of increasing trade relations between both countries, efforts will be made to facilitate customs and consular procedures, in order to expedite border procedures and others.

The president of the Nicaraguan - Costa Rican Chamber of Industry and Commerce, Mario Solano Salazar, recently called on the various companies that maintain commercial relations with Costa Rica, and the main companies founded with Costa Rican capital, to reactivate, on Tuesday, March 6, 2018, in the the Embassy of Costa Rica in Nicaragua, the Nicaraguan - Costa Rican Chamber of Industry and Commerce (CADICONIC), in order to strengthen the expansion of trade relations between both countries and to facilitate customs and consular procedures so as to expedite the procedures related to border and procedural matters.

Intra Regional Trade Down 22%

October 2009

$900 million have been traded within Central America in the first half of this year, $261 million less than the same period of 2008.

The most affected sectors are construction, raw materials (chemical products), and industry (glass, plastics and metals), reported Luis Godoy, director of Agexport, the Guatemalan exporters association.

Trade growing within the Central American region

June 2008

By improving the movement of merchandise within Central America, the region will facilitate negotiations for a trade association agreement with the European Union.

Costa Rica's exports to its neighbors grew sharply in the first five months of the year. Sales to Panama rose by 37 percent, followed by Nicaragua with 20 percent and El Salvador with 18 percent.

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