Due to the economic crisis, it is expected that during 2021 the number of business alliances and company sales will increase, especially in the most damaged sectors, such as tourism, hotels, restaurants, entertainment, education and real estate.
The restrictions imposed by the governments of the region due to the covid-19 outbreak, has generated economic losses in most of the productive sectors, including reported business closures and increases in unemployment levels.
The agreement to be signed in 2020, aims to make a strategic alliance and promote both countries in the multi-destination format.
The governments of Panama and Jamaica, represented by Tourism Ministers Ivan Eskildsen and Hon Edmund Bartlett, respectively, agreed to sign a multi-destination agreement next year to strengthen tourism relations and increase tourist arrivals, according to the Panama Tourism Authority (ATP).
Avianca, United Airlines and Copa Airlines, signed a trade agreement that will allow them to agree flight routes in the American continent.
To ensure the commercial agreement reached on November 30th becomes effective, the three airlines plan to apply for regulatory approval and a complementary antitrust immunity (ATI) subsidy in the coming weeks from the U.S. Department of Transportation (DOT) and authorities in 19 Latin American countries.
With the aim of promoting the destinations of both countries, businessmen from the hotel sector of Quintana Room, Mexico, seek to create alliances with Guatemalan tour operators.
In Guatemala, a business meeting is held between Guatemalan tourism businessmen and a group of Mexican executives, headed by representatives of the Posadas hotel chain.
One of the main objectives of the convention, which will end on November 25th, is to increase the number of visitors through the implementation of a tourist tour from Cancun, Playa del Carmen, Chetumal and Tikal to Antigua Guatemala.
When public resources are very limited, as it happens in Central American countries, association schemes between the State and the private sector become essential for developing the infrastructure that the region so badly needs.
A report from the Secretariat of Economic Integration (Sieca) states that "...In Central America, growing fiscal constraints faced by the countriespublic sectors make it increasingly difficult to achieve efforts for long-term infrastructure projects.In this context, Public-Private Partnerships (PPP) become relevant as an alternative measure of financing where private participation sector is facilitated in partnership with the government, with the aim of improving quality of services, reducing operating costs and capital, generating additional income, improving public management and minimizing budget spending.
The government of Costa Rica and the main business union have agreed to create a formal setting to discuss topics related to Competitiveness, Innovation and Talent.
From a statement issued by the Union of Chambers and Associations of Private Business Sector (UCCAEP):
The president, Luis Guillermo Solis has signed a decree officially forming the President's Council on Competitiveness, Innovation and Talent.
A working alliance with the company Cisa-Exportadora has provided funding and technical assistance which enabled them to successfully combat the fungus in their coffee trees.
About 20% of producers which make up the partnership have certification from Starbucks, AAA Nespresso and UTZ, which besides providing the best prices also avoid damaging the environment.
The Pacific Alliance is now operating and producing results which are favorable to the development of the nations which compose it, and it is a natural environment for Central American countries to be integrated into.
Editorial
The very apt comparison made by analyst Andres Oppenheimer between the economic blocs Mercosur-Argentina, Brazil, Paraguay, Uruguay and Venezuela-, and the Pacific Alliance-Chile, Colombia, Mexico and Peru (soon to also include Costa Rica) - shows the major conceptual differences between one group and another, and the concrete results generated for the development of their people.
Coopeleche has signed an agreement with Florida Bebidas who will manage its plant in Alajuela, Costa Rica, and distribute its entire product line.
The company Florida Bebidas has signed a strategic partnership with la Cooperativa Agropecuaria Regional de Productores de Leche (Coopeleche RL) located in San Ramon de Alajuela.
Florida will take over the production and distribution for the dairy cooperative, occupying the plant in San Ramón de Alajuela, reported Elfinancierocr.com.
The partnership will allow Nicaraguan entities to access stock market information market from Costa Rica.
According to Jose Rafael Brenes, General Manager of the National Stock Exchange of Costa Rica, the goal is to facilitate access to stock and share products from Costa Rican market, through the signing of a correspondent agreement between broker members", reported Elnuevodiario.com.ni
The Instituto Costarricense de Electricidad (ICE) has since late 2010 a set of rules which allow partnerships with private entities outside the general rules of government contracting.
Characterized by the vertical structure of its activities in the electricity market the Costa Rican Electricity Institute now has the flexibility to partner with private companies, allowing it to have a competitive advantages that could not be achieved individually in the short term."
The computer maker and the telecommunications company seek to double the region’s internet penetration.
Under the terms of the alliance, the companies will market plans for customers to acquire computers and internet access services with special financing programs, explained Jorge Castillo, commercial director at Claro Guatemala.
Castillo added that 4 of HP’s computers will be sold at Claro’s stores with internet access included.
The Salvadoran supermarket chain inked a deal with farmers from the country’s north to acquire all their production.
Carlos Calleja, president and owner of Super Selectos, explained that this alliance will allow the company to market these products directly in its 84 stores countrywide.
He told ElSalvador.com: “the objective of this agreement is to foster the development of the northern area of the country, and to sell 100% Salvadoran goods in our stores”.
The Panama Canal Authority (ACP) and the Mississippi State Ports Authority (MSPA) have formed an alliance to promote maritime trade.
ACP's administrator, Alberto Alemán Zubieta, and the executive director of MSPA, Donald Allee, have signed a memorandum of understanding to promote the "all water route" between Asia and the east coast of the USA, via the Panama Canal.
Associations of Salvadoran and Ecuadorian exporters have signed an agreement to encourage trade.
The agreement will last a year and seeks to strengthen the commercial relationship between the countries by implementing actions that will lead to a sustained increase in trade.
"In addition to promoting and developing trade, Ecuador and El Salvador will look to encourage collaboration through the continuous exchange and publication of commercial and economic information. Both will provide consultancy services regarding legal, economic, commerical and financial issues that may be relevant to interested companies," reports Capitales.com.
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