Exports of Costa Rican beef to China increased by more than 700 percent in one year, according Leonardo Murillo, a livestock research coordinator at the Costa Rican Cattle Corporation.
A group of 11 Costa Rican companies from the export sector of plants, flowers and foliage this week are displaying their products at the International Trade Fair for Plants (IPM) in Essen, Germany.
Costa Rica's exports of goods last year totaled $11.2 billion, representing a 2.4 percent decrease compared to the $11.5 billion registered in 2013, the Foreign Trade Promotion Office reported.
Overall, the CAFTA-DR agreement as brought Costa Rica economic success. However, with lagging unemployment and almost 20 percent of the country’s GDP generated from exports and investment with the United States, Costa Rica’s economic foundation could tumble quickly.
The Millennium Industrial Complex will house approximately 40 small- and medium-sized enterprises that have “export potential,” Costa Rican Chamber of Industries President Enrique Egloff said.
Foreign Trade Minister Alexander Mora said that Costa Rica’s economy and offerings have changed since the 2002 agreement was signed, noting that the service sector, like call centers and off-site financial services, were not covered in the agreement.
Ten Costa Rican agricultural companies exhibited their products over the weekend to 20,000 buyers from 60 countries at the 2014 Produce Marketing Association (PMA) Fresh Summit, in Anaheim, California, according to Costa Rica’s Foreign Trade Promotion Office (PROCOMER).
Municipal officials in the Alajuela canton of Orotina have asked the U.S-based Georgia Tech Foundation to conduct a feasibility study to determine whether conditions exist for the central Pacific community to begin hosting large foreign companies looking to relocate to Costa Rica.
