• Costa Rican Company at a disadvantage in infrastructure, access to credit, red tape, energy costs and raw materials.
• According PROCOMER, in 2011 Costa Rica exported to Colombia $48.2 million, while importing $455.6 million dollars from the South American country.
June 15, 2012.
Facing the possible launch of negotiations on a Free Trade Agreement, FTA, between Costa Rica and Colombia, the Chamber of Industry believes that trade liberalization in this country must be carefully analyzed, since for many manufacturing companies in various subsectors it represents a serious threat.
For the CICR negotiating more free trade agreements is not the best way to create a successful in trade policy today, as there are still a lot of problems at the national level, reducing the country's competitiveness relative to other trading partners.
According to Marco Meneses, President of the CICR, there are still unresolved problems relating to infrastructure, access to credit, energy costs, paperwork, monitoring of markets and raw material costs, including limited competitiveness of domestic firms, in local and international markets.
"With the signing of more trade agreements we are eliminating the import tariff, the only mechanism of protection for the productive sector against imports from third party countries. Added to this is the little use made of some of these FTA’s", said Meneses.
While various business sectors are trying to protect their interests from being affected, the governments involved want negotiations to proceed at an extremely fast pace.
The Costa Rican Ministry of Foreign Trade seems to be deaf to the complaints of the agricultural and industrial sectors, opposed to the FTA with Colombia, and are pressing for negotiations to be speeded up.
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