In the first quarter of 2018, the manufacturing and services sectors recorded falls of 4,000 and 7,000, respectively, in the monthly average number of affiliates to the social insurance scheme compared to 2017.
One example of the contraction observed in industrial activity is what occured in free zones.The Association of Private Free Zones of Guatemala explained that due to the closure of more than one hundred companies, some 1,500 jobs have been lost.
The bill approved by the Cabinet envisages an increase of 25% to 40% in tax credits for investment in manufacturing and agribusiness.
From a statement issued by the Presidency of Panama:
In order to expedite the process and create a program for industrial competitiveness to promote the sector's growth, generating investments and new employment positions for the economy, the Cabinet approved a bill that modifies and adds articles to Law 76 of 2009, dictating measures for the promotion and development of industry.
A strategy focused on increasing competitiveness by reducing production costs and facilitating the creation of added value is what industrial enterprises have asked for.
Improving training in the use of new tools and technology and giving more value to final production are two of the main challenges faced by companies in the industrial sector.The union that brings them together is aware that the potential of the country in this sector can not be maximized if aspects affecting global competitiveness are not improved.
Despite the impact that the high cost of energy and social security contributions have had on their competitiveness, medium and large companies anticipate a slight improvement in results this year.
From a statement issued by the Chamber of Industries of Costa Rica:h
Tuesday May 17, 2016. Industrialists expect a year with better performance in investment and increased production compared to last year.
The industry says that the absence of an industrial policy is one of the reasons that 6 out of 10 subsectors in the industry decreased production in 2014 compared to 2013.
A lack of an industrial policy is added to "... The uncontrolled import of products and not having a concrete strategy so that domestic and foreign companies can made decisions on producing in the country." These three factors are what have led to a decline in manufacturing output in the last ten years, according to entrepreneurs.
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