Costa Rica as best destination for markets accessibility and competitiveness

The great contribution which means foreign trade for Costa Rica to their social and economic development is the product of its policies of openness and its simple pricing model.

Thus specifies the last report Global Facilitation of the 2012 trade of the World Economic Forum, published on 23 May and placed Costa Rica in the first place in Central America and ranked 43 worldwide.

The index is published every two years since 2008 and this had a record of 132 economies coverage. Figures express each Central American country’s place in the global list.

The World Economic Forum report says the country has successfully taken advantage of its inclusion into global value chains and improved trade facilitation procedures have significantly contributed to this outcome. Customs revenues have grown manifold; the employment situation has also improved, both in quantity and quality, as have exports.

In the report as well the author closes by saying that the example of Costa Rica presents a very strong, practical argument for further multilateral trade facilitation measures, such as those discussed under the aegis of the WTO.

This case study also shows, however, that even in the presence of strong and well-executed policies, setbacks can occur and facilitating trade is a process that requires constant improvement and continuous policy attention.

Foreign direct investment in Costa Rica will grow 7 percent this year, according to projections by the CINDE (Coalition’s Initiatives for Development).

Of growth, reach the goal established by the Central Bank of $2.25 billion Costa Rica.

In 2011, foreign investment reached $2.1 billion for the dynamic way in area export processing zones and tourism.

Costa Rican president, Laura Chinchilla is currently on a European tour, urging businessman and governments to invest in the country and promote alliances between governments. During his visit to Paris, Chinchilla reaffirmed that the country she rules shared the values of OECD (Organization for Economic Co-operation and Development) and wants to be member of it.

“Costa Rica has always valued and offered his friendship to this organization.” We also are prepared to offer our work and commitment to move towards this forum where major decisions are taken”, said Chinchilla at the annual meeting of the OECD.

“We are the oldest democracy in Latin America,” she emphasized, and the OECD has provided guidance, analysis, reflection and inspiration to Costa Rica for more than half a century.