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Panama, A Market for Costa Rica

For Costa Rican businessmen, the neighboring country is a very important market, since it is dedicated to logistics, trade and financial intermediation, and demands different types of goods produced by Costa Rica. In 2018 Costa Rican exports to the Panamanian market totaled US$606 million, which...

Costa Rican Exports to China Rebound

Although exports have tripled in the last three years, mainly because of increased sales of medical equipment, sugar, ethyl alcohol, and meat, the business sector's expectations are not as optimistic. Data from the Foreign Trade Promoter (Procomer), the institution in charge of promoting the exportation...

Can India compete with China in Latin America? Not likely

Starting at the beginning of this decade, academics and policymakers started to point to India as a potential source of investment, trade, and economic diversification for Latin America. The Inter-American Development Bank (IDB) released a report called “India: Latin America’s Next Big Thing?” and a...

Presidents of Costa Rica and Panama Promote Bilateral Long-term State Policy

With the vision of strengthening the bilateral long-term State policy, the President of Costa Rica, Luis Guillermo Solís Rivera, and the President of Panama, Juan Carlos Varela Rodríguez, generated agreements on security, migration, trade and customs modernization. The bilateral meeting, which took place this Wednesday,...

The Never Ending Tariff Conflict between Panama and Colombia

The Panamanian government has decided to increase, in some cases by up to 30%, import tariffs on several products, including flowers, cement and bituminous coal, most of which are imported from the South American country. According to a Cabinet Decree published on January 10 in...

Latin America has started to look seriously at Indian economy and opportunities

US. President Donald Trump has revived the Ugly Gringo fears of Latin Americans. Humiliated by Trump’s insults and anti-NAFTA stand, Mexico is keen to diversify its trade partnership. Other Latin Americans too are disgusted by the protectionist policies and Caudillo tantrums of Trump. They are...

North Korea-Cuba Diplomatic Visit: ‘Pyongyang Trying to Build Anti-US Coalition’

North Korean Foreign Minister Ri Yong-ho will arrive in Havana Monday for talks with Cuban counterpart Bruno Rodriguez Parrilla. The trip comes as both countries face deteriorating relations with the US. Speaking to Sputnik, Korea expert Dr. Leonid Petrov said the move is an...

The New South America

Latin America is taking giant leaps towards becoming a global superpower. Treasury Ministers Rodrigo Valdés and Nicolás Dujovne from Chile and Argentina respectively highlighted the importance of advancing towards the process of regional integration in order to the strengthen both economies. The most important topic,...

The Big Challenge of the NAFTA Renegotiations

After months of feverish lobbying by industry to save the 23-year-old pact, renegotiations of the NAFTA (North American Free Trade Agreement) begin today between Canada, Mexico, and the United States. Canada is worried that Donald Trump will keep his protectionist promises, triggered by his election...

The Trump Effect on Costa Rica

(QCOSTARICA) To the surprise of many Donald Trump won "bigly" the presidency of the United States.  In Costa Rica, the big question is how will a Trump presidency affect Costa Rica and the rest of Latin America, especially when it comes to trade, jobs,...

Germany, Costa Rica To Avoid Double Tax Starting Jan 1

(QCOSTARICA) Global Tax News -  German's Finance Ministry on October 24 confirmed that the double tax avoidance treaty between Germany and Costa Rica will apply from January 1, 2017. The treaty, signed on February 13, 2014, is the first such agreement between Germany and Costa...

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