Using resources from the European Union and the Nicaraguan government, a program will be financed which focuses on the transformation of the cattle value chain and the implementation of a sustainable production model.
The institutions promoting the program reported that "... through this program, the European Union (EU) is making available to the GRUN a total of €20 million, which will be administered by the Spanish Agency for International Cooperation for the Development (AECID), which is also contributing 500 thousand euros, and there will also be a counterpart contribution from the Government of €1.2 million."
A proposal put forward by the textile sector seeks to generate trade between national and free zone companies, starting with the possibility that the latter provide raw materials to local companies.
The objective of the Nicaraguan Association of Textiles and Confection of Free Zones (ANITEX) is to generate greater links between the companies that operate under the regime and those in the national market.
In Costa Rica 206 domestic and foreign enterprises provide supplies to the medical device manufacturing companies operating in the country.
Specialized cleaning services, packaging and bottling and even microbiological testing services are some of the things provided by companies that have found in the medical device industry that operates in Costa Rica an opportunity to develop a business.
Eleven clusters are operating in Costa Rica, in sectors ranging from digital animation to flowers, food or agricultural products, seeking better operating and financial leverage.
Achieving greater access to credit, winning new customers and suppliers, discussing industry issues and possible solutions, more formalized operation or devising new strategies are part of the benefits of belonging to a cluster, a policy that is actively supported by the Costa Rica Foreign Trade Promotion Office (PROCOMER).
A proposal has been made to develop a specialized Roll on-Roll off cargo terminal in the Pacific, to improve the management of vehicles and heavy equipment and create other opportunities for the automotive industry, such as automobile accessorization.
The proposal put forward by the Panama Canal Authority is to develop a specialized docking area for roll on- roll off ships, transporting vehicles to Panama, from where they are distributed to other markets. The aim is to promote the development of this type of cargo in Panama and lay the foundation for the development of other business lines that generate added value and chains. One of the activities that can be developed is dedicated to adding value to vehicles, called "accessorization".
Through a commercial supply chain project with Grupo de Alimentación Calvo two Costa Rican food producers will export to Europe and Central America under the private brand model.
Grupo El Ángel and Alimentos Kamuk are companies that will be exporting hot chili sauce, green chili sauce, red chili sauce and tabasco in early 2015 to Central America and later that year to Europe.
On July 10th, representatives from companies the free zone regime will meet to discuss issues such as investments outside of the greater metropolitan area and production chains.
In addition to the issue of productive chains generated by companies operating under the free zone regime, discussion will take place on other topics such as opening free zones in areas which are less developed and more remote from the greater metropolitan area, where the majority of the sites offering this tax incentive scheme are located .
Box office revenues from the show featuring Mexican Ocesa in Costa Rica, will be close to $17 million.
In the past two years an average of 30 major arts events have taken place in the Costa Rican capital, with an average annual income from ticket sales of $12 million.
"The Municipality of Alajuela estimates that the organizer of the show, Ocesa Costa Rica, will have to pay an amount which is close to $795,000, representing 5% city tax per ticket sold," noted an article in Elfinancierocr.com.
Small construction and packaging manufacturers are the companies that sell to large multinationals, through so-called productive chaining.
According to the director of the Costa Rican Foreign Trade Promotion Office (Procomer) Rolando Dobles, this level of chaining is the most basic form and is what normally occurs in any economy, being far from the chainings which result in more elaborated products .
Costa Rican exporters view positively the inclusion of new products to the FTA with Mexico, with the possibility of establishing regional production chains.
Some of the products that will be incorporated into the trade agreement are sugar, iron and steel sheets, gelatin powder, cigarettes, chicken sausages, jellies and fruit pastes. In addition, also agreed was trade in raw materials such as yogurt and powdered sour cream and hydrolyzed vegetable protein.
An international conference is to be held with the title of “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”
The Ministry of Foreign Trade (Comex), the Organization for Economic Cooperation and Development (OECD) and the Inter-American Development Bank (IDB) are inviting participants to the conference entitled: “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.”
Heads of state and business leaders will seek to join efforts for the development of Latin America and the Caribbean at a Business Summit, which will precede the Sixth Summit of the Americas.
Executives of large companies operating in Latin America and the Caribbean will meet April 13–14 with heads of state and government to discuss prospects for economic development in the region.
Exports promotion agency Procomer unveiled a study of the plastics industry in the country, focused on business linking opportunities in Costa Rica and abroad.
The study was based on surveys to 52 companies operating in this industry, and some of the findings include that 78% of the sector is made up by small and medium companies, which require industrial and administrative technology to develop attractive permanent deals.
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