While Honduras and Guatemala are already advancing in the process of customs unification and Nicaragua and El Salvador have joined as observers, in Costa Rica it is thought that full union will only be completed between 2023 and 2025.
The fact that the countries in the region are implementing the processes necessary to achieve Customs Union at different speeds makes the full union of all systems and full opening of borders for the free transit of goods still a distant goal.
Competing with multinationals under DR-CAFTA requires companies to comply with all the necessary processes to protect their brands, processes and products.
The arrival of multinational companies in Central America competing in legal equality with local or regional firms as a result of DR-CAFTA, highlights gaps in legal implementation and best practices for business on issues such as the protection of trademarks and intellectual property.
The South Korean government has proposed to Central American countries that they resume negotiations to sign a free trade agreement.
During a meeting between officials of the Ministry of Foreign Trade of Costa Rica and the deputy minister, Moon Jaedo, of the Ministry of Commerce, Industry and Energy (Motie) of South Korea, it was requested "... that the Central American countries evaluate opening up a process of negotiation for a free trade agreement. "
The cement company has announced it will be investing $35 million over three years to increase the production capacity by 25% at the plant it operates in Costa Rica, near the border with Nicaragua.
From a statement issued by CEMEX:
MONTERREY, MEXICO - CEMEX, SAB de CV ("CEMEX") (BMV: CEMEXCPO) announced today that its subsidiary CEMEX Latam Holdings, SA ("CLH") (BVC: CLH) initiated a project to increase cement production capacity of its plant in Colorado, Costa Rica, by approximately 25% in order to reach an annual capacity of 1.1 million tonnes in 2017.
Its 6th edition will be held in June 3 - 4 during Costa Rica’s Services Summit, a business conference organized by Procomer and CAMTIC.
The event will be held at the San Jose Palacio Costa Rica Hotel in San Jose.
Technology Insight has managed to position Costa Rica as one of the most competitive destinations in Latin America, as the consulting firm AT Kearny confirmed in its "Destination Latin America: A Near-Shore Alternative 2007" survey.
More mobility and lower operating costs: The interaction between computers and telephone services has matured and the entry costs are accessible.
The important thing is that when the return on investment is taken into account, opting for IP technology for communications is a decision increasingly favored in companies. That return on investment is not only in lower operating costs than those of telephone exchange services, but also in higher productivity.