Procomer identified 726 Costa Rican export products as having some level of potential to be marketed in Russia.
From a press release issued by the Costa Rican Foreign Trade Promotion Office (PROCOMER):
After statistical analysis prepared by the Costa Rican Foreign Trade Promotion Office (PROCOMER) it has been revealed that there are 726 goods among Costa Rican exports with some level of potential to be marketed in Russia, a transcontinental nation which forms part of the emerging nations and whose population is 143.1 million.
The opening of an office in the People's Republic of China and the signing of an agreement with the Arab League, mark the government's strategy to open new markets.
The Guatemalan President Otto Perez, said they are making efforts to initiate trade relations with China, for this reason the chancellor, Fernando Carrera, will lead a delegation to the country in two months time, in order to explore investment areas.
In the past 20 years intraregional trade grew at a rate of 12% per year, indicating an opportunity to deepen integration by finally fully adopting the customs union.
However, experts believe that Central America still faces challenges, specifically in customs matters.
"Exports to Central America have grown over the past 20 years at a rate of 50% more than exports to the rest of the world." "...at an average of 12% annually, and our exports to the world have grown at an average of 8% annually. This underlines the importance of intraregional trade dynamics in this space of Central American integration," said Hugo Beteta, CEO of the subregional site of the Economic Commission for Latin America and the Caribbean (ECLAC) in Mexico.
India's ambassador in Panama indicated that they aim to triple the current trade figures between the two countries within four years.
India wants to promote investment in various sectors of Panama’s economy, seeing this country as a platform for expansion into Latin America for their companies and products.
"India's investments will be directed to the banking sector, the maritime business and the multimodal center of the Colon Free Zone (CFZ), and will be backed by a free trade agreement, that's India’s goal with Panama," said Indian ambassador Yogeshwar Varma, to Prensa.com.