From January to June 2020, Central American countries imported light duty trucks for $67 million, and 64% was purchased by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Arguing that there is unfair treatment in the other countries of the region, Costa Rican drivers of cargo vehicles block the transit through the border posts of Penas Blancas and Paso Canoas.
The protests in Costa Rica, which affect vehicle circulation in the country and border crossings, will have a short-term impact on intraregional trade and cargo transport costs.
In order to access the $1.75 billion credit that it intends to request from the International Monetary Fund (IMF), the Costa Rican government proposed to tax financial transactions, raise the tax on the profits of companies and individuals, and increase the tax on real estate.
Following the protests reported on August 29, Costa Rican authorities decided that as of September 9, units with foreign plates transiting from border to border in the country will be monitored by GPS and will no longer be given convoy escort.
As a form of protest, drivers of cargo vehicles kept the traffic blocked at Paso Canoas, a border post between Panama and Costa Rica.
From three to five days, the time that Costa Rican carriers have available to stay in Nicaraguan territory, to unload goods or for regional transit, was increased.
Currently, transporting goods by sea between Central American countries can increase freight costs by at least 60% compared to the land option, which represents an obstacle to changing the way goods are transferred in the region.
As a result of the closure of the Penas Blancas customs crossing, on the border between Costa Rica and Nicaragua, some businessmen in the region had to resort to the sea route in order to deliver their orders.
After several days of tension generated by the restrictions imposed by Costa Rica on the transport of cargo from neighboring countries, Central American authorities reached an agreement and opened the way at the border of Penas Blancas.
After Costa Rica imposed several restrictions on the movement of cargo entering its territory, the Panamanian government limited the permit for Costa Rican carriers to remain in the country to 72 hours.
The transit of goods in the region is becoming more complicated every day, since it is argued that the propagation of the covid-19 is being mitigated.
After the Costa Rican government decided to impose several restrictions on heavy transport units entering its territory, the Honduran government decided to grant Costa Rican pilots only 72 hours in the country.
The monitoring of trucks by GPS to supervise the scheduled routes and the time of the carrier in the country, is the proposal of the Costa Rican authorities so that the cargo transport units of Central America can enter their territory.
The Panamanian government announced that it had reached an agreement with the Costa Rican authorities that Panamanian heavy transport units would be given a 72-hour period to load and unload goods in tax offices.
In order to mitigate the spread of the covid-19, the government decided that as of May 18, only transporters that make direct transit from border to border will enter Costa Rican territory, whose units must be subject to police surveillance.
On 15 May, President Carlos Alvarado issued two decrees aimed at keeping the number of foreign transporters in the country as low as possible, reported the Costa Rican presidency.
From January to September 2019, the countries of the region imported light trucks for $123 million, and 53% was purchased by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption "Click to interact with graphics"]
In the first three months of 2019, countries in the region imported $518 million in tires for buses and trucks, and purchases from companies in China grew 7% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
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