españolGuatemala: Outlook for the Automotive MarketMonday, April 12, 2021 Shortage of some vehicle lines due to the drop in production and lack of space in cargo ships are some of the factors that will affect distributors competing in the local market during 2021. Companies affiliated to the Association and Importers and Distributors of Motor Vehicles (Aidva), sold during last year 27,273 units, a figure that is lower by 7% than what was reported in 2019.
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Cardboard Boxes: Business with Mexico up 125%Monday, April 12, 2021 From January to September 2020 Central America allocated $92 million to the import of paper or corrugated cardboard boxes, and purchases from Mexico increased 125% over what was reported in the same period of 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
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Rice: Business with Brazil IncreasesFriday, April 9, 2021 From January to September 2020 Central America allocated $298 million to rice imports, and purchases from Brazil increased 808% compared to what was reported in the same period of 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
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Tender for $173 Million in Food RationsFriday, April 9, 2021 The Dominican Republic's National Student Welfare Institute bids for the supply of school lunch food rations and their distribution in public schools during the 2021-2022 school term. Dominican Republic Government Purchase INABIE-CCC-LPN-2021-0009:
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Car Batteries: Business with South Korea IncreasingThursday, April 8, 2021 From January to September 2020, Central American imports of vehicle batteries totaled $155 million, and purchases from Korean companies increased 27% compared to the same period in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Trade Agreements, Challenges and OpportunitiesThursday, April 8, 2021 The time and cost of maritime routes between Costa Rica and China, and the capacity that the food industry develops to take advantage of existing opportunities, are factors that in the coming years will influence the evolution of the FTA signed between the two countries. Ten years after the entry into force of the Free Trade Agreement between China and Costa Rica, Costa Rican authorities assure that they are in a continuous negotiation process involving the National Animal Health Service (Senasa) and the State Phytosanitary Service (SFE). Panamanian Consumer: Confidence Improves at a Slow PaceFriday, April 9, 2021 During March 2021, the Panamanian Consumer Confidence Index increased 2% with respect to the level reported in January of this year, this slight increase is reported in the context of the economic reactivation process of local production. According to the survey conducted by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), in strategic alliance with The Marketing Group, expectations on the probability of saving money decreased 3 percentage points, presenting a result of 75 points, below the equilibrium point, for the measurement of March 2021, so it remains at levels of marked distrust. Tourist Marinas: New Law in Costa RicaTuesday, April 6, 2021 President Carlos Alvarado and the Minister of Tourism Gustavo Segura, signed the Law for the Promotion of Tourist Marinas and Coastal Development, a regulation that modernizes the conditions in which the country's marinas operate. The law, signed on April 5, authorizes foreign-flagged vessels and their crews to carry out lucrative activities related to aquatic transportation, recreation and tourism within the waters of the national territory, allowing the hiring of national captains and sailors to carry out these practices, informed the Costa Rican Tourism Institute (ICT). Manufacturing Industry, Costs and ProductionMonday, April 5, 2021 In Costa Rica, since July 2020 the producer price index for the manufacturing sector started to report increases, a situation that could lead to a rise in sales prices and simultaneously to a fall in the quantity of products traded. Between December 2019 and June 2020, the producer price index for the manufacturing sector (IPP-MAN) reported negative year-on-year variations. This phenomenon was reported in the context of the onset of the health crisis caused by the Covid-19 outbreak. Goodbye Aupsa, Hello APAWednesday, March 31, 2021 The Panamanian president approved the bill that creates the Agencia Panamena de Alimentos (Panamanian Food Agency) and repeals Decree Law 11 of 2006, which created the Panamanian Food Safety Authority. The new law establishes that the constitutional competencies related to phytosanitary and zoosanitary measures return to the Ministry of Agricultural Development (MIDA) with the objective of protecting the national agricultural patrimony, to the Ministry of Health the competencies related to food safety, the control of zoonoses and food-borne diseases (ETA), while the Ministry of Commerce and Industries, the one related to Copanit technical standards and the administration of compliance with international trade agreements, details an official statement. Travel: Request to Lift Restrictions in PanamaMonday, April 5, 2021 The business sector requests the country's authorities to repeal Executive Decree 260, which establishes measures to enter the national territory to people coming from South America. The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) requests the National Government to discuss and support the measures to be implemented in a balanced manner, stressing the message that we are facing a health and socioeconomic crisis that must be addressed in a comprehensive manner, where decisions cannot be made exclusively by the Ministry of Health (MINSA). Medical Devices: New Investment AnnouncedWednesday, April 7, 2021 SMC Ltd, a manufacturer of medical devices, diagnostics and pharmaceuticals, announced that it will invest in increasing its installed capacity and expanding its facilities in Zona Franca Coyol, Costa Rica. The Costa Rican Coalition of Development Initiatives (Cinde) reported that the expansion in Costa Rica will provide additional capacity for molding, clean room assembly and general manufacturing operations. Foreign Investment Attraction: Creation of ProPanamaWednesday, April 7, 2021 President Laurentino Cortizo sanctioned the law that creates the National Authority for the Attraction of Investments and Promotion of Exports of Panama, an institution whose objective is to attract foreign investment to the country. The law establishes the legal framework for the Investment Attraction and Export Promotion Agency (ProPanama) of the Ministry of Foreign Affairs to be elevated to an Authority, to give it greater sustainability and to execute, in a strategic and channeled manner, the different public-private efforts to attract investments and support the promotion of exports, informed the Presidency.
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Plastics: Regional Purchases Exceed $2.6 BillionWednesday, March 31, 2021 From January to September 2020, imports for plastic and its manufactures totaled $2,681 million, 13% less than what was reported in the same period of 2019, a drop that was reported in the context of the economic and sanitary crisis caused by the Covid-19 outbreak. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Closure of Packaging Company: Pessimism and OpportunitiesMonday, April 5, 2021 After the Nicaraguan company Astro Packing Solution announced an indefinite closure of its operations, local companies predict that packaging will become more expensive in the coming weeks and will be forced to look for new suppliers in neighboring countries. At the end of March, it was reported that Astro Packing Solution, a company engaged in the manufacture of packaging, notified its customers that it will close indefinitely due to the shortage of raw materials. |
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Wednesday, April 14, 2021 - last update: 4:29 pm
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