From May 24-25, 160 wholesalers from Europe, North America and South America will meet at the ATLAPA Convention Center, with tourism companies from the region to explore business opportunities.
The Chamber of Commerce, Industries and Agriculture of Panama and the Chamber of Tourism of Panama with the support of the Tourism Authority of Panama (ATP), organize the 10th version of International EXPO TOURISM to be held in Panama City.
From 20 to 23 May, an online business meeting will be held with South Korea for companies in the food and beverage sectors.
The Secretariat for Central American Economic Integration (SIECA) coordinates the "Virtual Business Roundtable with South Korea," which is aimed at companies in the food and beverage sector, and will be conducted through the Central American Trade Network.
The Chamber of Foreign Trade of Costa Rica is recruiting businessmen who wish to attend a business roundtable, to be held from May 13 to 17 in the city of Brusque, Santa Catalina in southern Brazil.
Depending on the profile of each company, there is the option of covering tickets and lodging for one attendee per company at the event, informed authorities of the Costa Rican Chamber of Foreign Trade (Crecex).
For Costa Rican businessmen, the neighboring country is a very important market, since it is dedicated to logistics, trade and financial intermediation, and demands different types of goods produced by Costa Rica.
In 2018 Costa Rican exports to the Panamanian market totaled $606 million, which positioned Panama as the fourth most important destination for foreign sales, surpassed only by the United States, Holland and Belgium.
With the tax benefits granted to the import of electric cars, the number of units entering Costa Rica went from 40 in 2017 to 350 in 2018.
Last year, the Law of Incentives and Promotion for Electric Transportation came into force, which grants fiscal benefits to the import of electric cars, such as the exoneration of between 50% and 100% for sales, consumption and customs taxes, according to the import value of each car.
From April 16 to 17, Costa Rican businessmen will participate in the "Polaris" fair, which will take place in the city of Athens, Greece, where they will have business meetings with 100 European buyers of frozen fruit.
With the aim of seeking new market niches, 50 Costa Rican producers will participate in meetings with businessmen from Europe, was reported in a statement.
From 11 to 13 June, more than 150 companies will be exhibiting their products and services at the Expo Hotels and Restaurants, which will be held at the Pedregal Events Centre.
Businessmen, chefs and collaborators from hotels, bars, restaurants, butchers, cafes, bakeries, supermarkets, catering service, spa, canteens and other businesses in the sector will come together to address issues related to market trends and new products.
Between 2017 and 2018, milk sales from Costa Rica to Panama fell 24%, explained by increased competition, while exports to Guatemala and the Dominican Republic increased 21% and 13%, respectively.
According to figures from the Promotora del Comercio Exterior (Procomer), between 2017 and 2018 sales to Panama of milk and cream not concentrated and concentrated registered a 24% decline, falling from $7.5 million to $5.6 million.
Although the U.S. is the main buyer of Guatemalan coffee, data from the exporters' guild indicate that South Korea is one of the markets that pays the best prices for the grain, while Italy pays one of the lowest prices.
#Although the main buyer of Guatemalan coffee is the United States, there are indications that Asian countries tend to appreciate Guatemalan coffee more, paying a higher price for it, notes the report "Guatemalan Coffee: A Focus on the World Market and Its Productivity.
As part of the Agritrade Expo & Conference 2019, the first live auction of differentiated Guatemalan coffee will be held on February 20.
From the Agexport statement:
AGRITRADE Expo & Conference 2019: First Live Coffee Auction in Guatemala
A Coffee Trade that will have a live auction to ease the business of differentiated Guatemalan coffee; a pavilion of plants and flowers; vegetables and fruits that will be known through Guatemalan chefs cooking the flavor that exceeds expectations, and 10 more activities, will be presented in the XIX Edition of AGRITRADE Expo & Conference, to more than 150 international buyers. Guatemala's exportable agricultural offer will be present and will seek to generate business for US$ 65 million in the short and medium term.
Almost a year after the regulation for the commercial use of drones entered into force in the country, there are only four companies registered with the General Directorate of Civil Aviation.
Since February 14th, 2018, companies using drones for commercial purposes in Costa Rica must pay $1,874 to obtain the exploitation certificate. So far, few companies in this business have initiated the permit process.
The use of nanotechnology in production processes is one of the investments that companies in the textile industry will have to make to compete at a global level.
According to specialists in nanotechnology, an area focused on the design and manipulation of matter at the level of atoms or molecules for industrial purposes, in the production processes several advanced techniques exist that give industry the opportunity to innovate and access new markets.
The slowdown in domestic consumption in Costa Rica, together with the local currency depreciation, will cause customers to buy fewer high-end technology products.
In the report published by the Central Bank of Costa Rica (BCCR) called the October-2018 Economic Situation Report, it is explained that the slow increase in credit, imports of final consumer goods and tax collection are clear indicators of a slowdown in domestic demand.
Although consumption has remained stable in recent years, the Costa Rican market now demands greater quality and variety in preparation methods.
According to figures from the Chamber of Coffee Roasters, per capita demand in the country is around four kilograms of coffee beans per year, which is equivalent to two cups of coffee per person per day.
José Manuel Hernando, president of the roasters guild, explained to Nacion.com that "...
The FTA with Panama and the agreement with El Salvador, both in the negotiation stage, are part of the commercial opportunities that the Asian nation seeks to consolidate in the region in the short-term.
The third round of negotiations to conclude the trade agreement between the Central American country and the Asian nation began in Panama City. This session will deal with trade barriers, customs procedures and trade facilitation.