Friday, 27 November 2020

Costa Rica Loss of Competitiveness Takes its Toll

Image for illustrative purposes
Image for illustrative purposes

QCOSTARICA – Employers say the 18% decline in exports in February 2015 compared to the same month in 2014 is not due to temporary factors, but to a continued loss of competitiveness.

Excessive bureaucracy and the high cost of energy and other factors related to production are part of the problems affecting the private sector and are causing a reduction of exports, according to the president of the National Chamber of Agriculture and Agribusiness, Juan Rafael Lizano.

- Advertisement -

The executive director of the Chamber of Exporters of Costa Rica, Fiorella Bulgarelli told Crhoy.com that “… There are a number of factors that are influencing the decline in exports. First, red tape remains cumbersome because there are a lot of institutions and they do not hold agreements with each other. Second, there is little progress in infrastructure and third, we lack financing and although there is hope with the System for Development Banking, there are some sectors that are not going to be able to have access to it. ”

For his part, Francisco Gamboa, executive director of the Chamber of Industries of Costa Rica , added, “… The industrial sector remains a major concern, because excluding electronic components in order to isolate the effect of Intel, industrial exports outside the free zone fell by 10% and this decline affected all target regions except North America. We therefore hope that this behavior can be reversed … “.

Source: Crhoy.com

- Advertisement -
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Playas del Coco, Costa Rica

QPHOTOS - Playas del Coco is one of the oldest beach...

Canada’s largest city going on Covid lockdown

QTRAVEL - Canada's Prime Minister, Justin Trudeau, on Friday warned so-called...

MOST READ

New step against evasion? The Treasury will have a closer look at taxpayers

QCOSTARICA -  Taxpayer movements with the Treasury will have more controls as of December 1, with the addition of the 13-digit code known as...

Western Union closes in Cuba due to U.S. sanctions

(Q24N) The financial services company Western Union closed its operation in Cuba, this Monday, November 23, forced by pressure from the Donald Trump administration,...

Arrival of the vaccine against covid-19 will not replace other measures against contagion

QCOSTARICA - The pace with which COVID-19 vaccines are being developed worries some people, who fear they are not safe products. Both Leandra Abarca, coordinator...

Criminals Use Dating Website to Extort People

QCOSTARICA - Criminals discovered a new way to obtain money on the Internet. Through a website of sexual encounters, they establish contact with potential...

This week begins the transition to the dry season in the Central Valley and Guanacaste

QCOSTARICA - The transition to the dry season in the Central Valley and the Guanacaste (North Pacific) will begin this week, as these areas...

Costa Rican Betcris is Becoming the MLB Official Wagering Partner 

Major League Baseball (MLB) took a giant stride forward in its outreach to Latin American countries by signing Betcris, the sportsbook based out of...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.