Because it has become expensive in Costa Rica to produce manufactured and agricultural goods, exports of services are increasingly gaining in market share.
Figures from the Promotora de Comercio Exterior (Procomer) detail that of the total exports in 2018, 56% corresponded to sale of goods and 44% to services. This composition is far from the figures of a decade ago, since in 2008 exports of goods monopolized 62% and services 38%.
In order to sell the grain at better prices, Salvadoran coffee growers are interested in exporting to countries such as Argentina, Chile, Uruguay and Paraguay.
According to directors of the Salvadoran Coffee Council, South American countries are potential markets for the grain produced in El Salvador, since the consumption of specialty coffees is increasing.
The costs incurred by businessmen in Nicaragua, because of excessive procedures and low efficiency of foreign trade systems is 25% additional to the value of the goods, while in El Salvador and Costa Rica, amounts to 18% and 16%, respectively.
A study by the Economic Commission for Latin America and the Caribbean (ECLAC) specifies that the costs paid by businessmen in Nicaragua, because of excessive procedures and low efficiency of foreign trade systems is 25.3% additional to the value of the goods, followed by El Salvador with 18.3%, Costa Rica with 16.3%, Honduras with 15.8%, Guatemala with 14% and Panama with 9%.
From 20 to 23 May, an online business meeting will be held with South Korea for companies in the food and beverage sectors.
The Secretariat for Central American Economic Integration (SIECA) coordinates the "Virtual Business Roundtable with South Korea," which is aimed at companies in the food and beverage sector, and will be conducted through the Central American Trade Network.
After Nicaraguan authorities imposed in their customs a $50 payment to each cargo vehicle transiting through their territory, Costa Rica requested a meeting to review the issue.
On March 15 of this year, Nicaraguan authorities began to collect a customstax on the transportation of cargo in transit or with final destination in the country, which consists of the payment of $50 for each transport unit of goods that passes through land customs.
Embotelladora La Mariposa in Guatemala, Distribuidora La Florida in Costa Rica and Femsa in Panama are three of the companies in Central America that report the highest figures for purchases of all types of beverages.
An analysis of CentralAmericaData's Trade Intelligence unit provides details on the companies according to sector, main activity, volume and value of their imports, exports and other relevant data.
Encouraging investments in free trade zones, increasing the number of new headquarters of multinational companies and strengthening diplomatic relations with Asian countries, are some of the stakes of the Central American country.
Taking advantage of the competitive position in terms of connectivity and logistics is the main offer of the Panamanian economy for companies from all over the world to settle in the country.
The Constitutional Chamber of El Salvador declared the demand of the sugar manufacturers inadmissible, arguing that there is no link between the cancellation of the FTA with Taiwan and the application of constitutional norms.
After the Salvadoran government decided to finalize the trade agreement with the Asian country in December last year, an act that was not consulted with the country's productive sector, the guild presented in February this year an appeal of unconstitutionality.
During the first two months of the year, Costa Rican exports to countries in the region totaled $393 million, 3% less than what was reported for the same period in 2018.
According to data from the Promotora del Comercio Exterior (Procomer), in the first two months of 2019 Costa Rica's exports increased by 3.2% over the first two months of 2018, going from $1.743 million to $1.800 million.
With the aim of better publicizing the operation of the Single Declaration, it was agreed to postpone the entry into force of the document until May 7, 2019.
The entry into force of the Central American Single Declaration (DUCA) had initially been set for April 1, 2019.
From the statement of the Single Window for Exports of Guatemala:
Exports from the Costa Rican textile sector increased from $126 million in 2017 to $136 million last year, a behavior explained by sales of yarns and vinyl.
According to data from the Foreign Trade Promoter (Procomer) of textile and apparel exports, the year-on-year increase of 8% recorded in 2018 represents a slight recovery, since between 2014 and 2017 a downward trend was reported.
In Panama, the processing plant Union Livestock received the endorsement to market beef in the Asian country, and it is expected that the first containers will be shipped in late April.
At the end of last year, it was reported that the meat product plants that received the endorsement by the General Administration of Customs of China to start selling their products to the Asian giant were Matadero de Chiriquí, S.A. (Machisa), Unión Ganadera, S.A. (Ungasa) and Macello.
In the first two months of the year, shrimp sales from Honduras abroad totaled $35 million, surpassing the $29 million recorded in the same period in 2018.
Figures from Honduran businessmen detail that between the first two months of 2018 and the same period of 2019, the volume exported increased from 9 million pounds to 11 million pounds.
Victor Wilson, president of the National Association of Honduran Aqua culturists, told Elheraldo.hn that "... the export goal of 58.5 million pounds by 2019 is maintained. In 2018, exports totaled $216.5 million."
The government of the Central American country announced that in the coming months it plans to open a Commercial Office in Jerusalem as an extension of its Embassy in Tel Aviv.
President Juan Orlando Hernandez announced today at the annual conference of the United States-Israel Public Affairs Committee (AIPAC) that Honduras will immediately open a Commercial Office in Jerusalem as an extension of its Embassy in Tel Aviv.
The first round of negotiations began in the South American country to expand the list of products already traded in the framework of the agreement that has been in force since 2013.
The agreement that entered into force on February 19, 2013, has allowed immediate access to 593 products with 100% tax relief. In addition, it reduces tariffs on 84 products between 20% and 100% over 3 and 7 years, informed the Guatemalan government.
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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