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In the context of the tense diplomatic and commercial relationship between the two world powers, Central American countries could have the opportunity to attract new investments, as it is estimated that some American companies would need to migrate their operations to the American continent.
As a result of the tension between the two nations, Mauricio Claver-Carone, an advisor to President Trump, believes that U.S.
Within this context of health emergency, the mobility restriction measures decreed by the governments have forced people to change their consumption habits, a situation that forces companies to look for ways to deliver the products to their customers.
In order to adapt to this new economic reality and derived from the outbreak of covid-19 in Central American countries, companies have been forced to rely on marketing channels that until a few weeks ago were not among the most important in their commercial strategy.
In Panama, 77% of companies do not plan to make new investments during the fourth quarter of the year, and 38% do not intend to hire more employees.
According to a survey conducted by the Center for Economic Studies of the Chamber of Commerce of Panama, 10% of the companies surveyed expect to increase staffing, 50% will remain the same, while 2% do not know.
Excessive regulation, increased tax charges and geopolitical uncertainty are the main risks to business growth in the region for Central American CEOs.
PricewaterhouseCoopers (PwC) conducted the Global CEO Survey in the Central American region, in which a group of business executives from Central American countries and the Dominican Republic shared their opinions about their economic expectations.
As part of the Buyers Trade Mission, from 25 to 27 September, 500 Costa Rican exporters will be meeting with 300 entrepreneurs from 50 countries.
The Foreign Trade Promotion Office (Procomer), the institution in charge of organizing the event, reported that this year it foresees holding 5,300 business appointments at the event, which will take place at the Costa Rica Convention Center, in Barreal de Heredia.
On July 17 and 18 representatives of international franchises from different sectors will be showcasing their business models and meeting with companies interested in acquiring their franchises.
EXPO FRANQUICIA 2018 is being organized by the Chamber of Commerce, Industries and Agriculture of Panama, and will bring together more than 100 companies showcasing 70 exhibition modules from a variety of chains including restaurants , desserts, pastry shops and bakeries, air conditioning technical services, pre-school education, photography and design, manicures and pedicures, business networks, automotive service, and footwear, among others.
The union of free zones in the Dominican Republic and the Colon Free Zone in Panama signed an agreement to promote trade between both countries.
Best practices and customs processes, exchange of experiences and joint promotion of trade between Panama and the Dominican Republic, are some of the agreed points, according to representatives of the National Council of Free Trade Zones (CNZFE) in the Dominican Republic.
More Costa Rican companies are opening shop in Nicaragua, motivated by lower financial and operating costs, as well as increased domestic consumption.
"...Costa Rican companies with operations in Nicaragua said they are attracted by an improvement in the business climate, as well as a notable growth in local development, which is reflected in works such as apartment buildings and offices and shopping centers."
A search is on for Panamanian companies interested in representing products such as furniture, dried and processed fruits, glass and aluminum, chemicals and clothing, among other things.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:
(Panama, February 22, 2017).In order to assess business opportunities in Panama, some 20 Colombian companies took part in the Panama-Colombia Business Meeting 2017, organized by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) and the Colombian-Panamanian Chamber of Commerce and Industry.
The bureaucratic procedures and permits required by the Cuban government and some restrictions on the establishment of companies could represent obstacles for foreign businessmen interested in investing on the island.
Although in Cuba there exists sectors such as telecommunications and construction, which have high growth potential due to a backlog in investment, those who are knowledgeable about the real situation in Cuban say that it will be difficult to take advantage of these opportunities, at least for now.That is the perception of the former ambassador of Costa Rica in Cuba, Rodrigo Carreras, who in an interview with the newspaper Nacion.com, detailed the conditions of the economy of the island and the difficulties that could be faced by entrepreneurs interested in doing business there.
Local and international companies will be meeting on August 23 to explore business and investment opportunities in the Caribbean.
The event"Invest in Limon 2016"will be held at the Costa Rica Marriott hotel in Belen, Heredia, from 8 am. Taking part in the event will be entrepreneurs, developers and local and international investors who are interested investing in the province of Limón.
Business people from both countries will be meeting on August 11 in Panama City to explore business opportunities.
The meeting is being organized by the US - Panama Business Council and will be held at the Wyndham Albrook Mall Hotel and the issues to be discussed include the structural transformations of the financial system and Country Brand for Panama.
The Ministry of Commerce and Industry is organizing an event on June 9 to 11 which will bring together public and private sectors to explore investment opportunities.
The event is being presented as an opportunity to open the doors to investment in Latin America and the rest of the world, with Panama as a hub for regional and international business.
Knowing how to laugh at yourself is a virtue that every entrepreneur in Costa Rica should have, even though it might all end in tears.
This is what Alfonso Carro does in his article on Crhoy.com: laugh at himself, at the same time bringing to light the helplessness felt in light of the deteriorating conditions for investment in an economy such as Costa Rica, which was once number one in Central America.