A statement from the Costa Rican Coalition for Development Initiatives (CINDE) reads:
• In Stuttgart President Chinchilla is presenting investment opportunities in Costa Rica for German companies.
• Foreign Trade Minister stressed to investors that Costa Rica offers a competitive platform for access to the entire American continent and the world's major markets.
Stuttgart, May 24, 2012. The President of the Republic, Laura Chinchilla Miranda presented today at 3:00 pm in Stuttgart (7:00 am ET, Costa Rica), the state capital of Baden-Württemberg, the advantages offered by Costa Rica as a site for German companies in high technology sectors.
The state of Baden-Württemberg is the largest exporter in Germany, mainly because of the large companies who have their centers of operation in the area. Specifically operating in Bosch in Stuttgart, are Porsche, Daimler and SAP, among others. Also, Stuttgart hosts a number of research institutes, aviation industry operations and clean technologies. All of the above are areas of great interest to Costa Rica.
The event was organized by the Costa Rican Coalition for Development Initiatives (CINDE) in conjunction with the Ministry of Foreign Trade and the Embassy of Costa Rica in Germany, attended by over 80 company representatives, officials from the State of Baden-Württemberg and a media group from the region.
In light of questions raised about a private organization receiving state funding, the CINDE wishes to demonstrate its position and the concrete results of its stewardship in attracting foreign investment.
From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):
With an investment of $10 million the German company Zollner Elektronik AG is to establish a manufacturing and support services plant.
From a press release by the Ministry of Foreign Trade in Costa Rica (COMEX):
Zollner Elektronik AG, one of 15 world leaders in electronics manufacturing services (EMS) and the number one in Germany, announced today the establishment of its modern manufacturing and technical support services plant in Costa Rica.
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