Friday 27 January 2023

Costa Rica On The Hunt For Brazilian Investment

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27 January 2023 - At The Banks - BCCR

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Seduced by Brazila’s economic boom, Costa Rica will be on the hunt for investors and entrepreneurs. According to the Spanish language fiancial newspaper, the hunt is also for Brazilian companies to set up shop in Costa Rica and that foreign trade policy will focus on the South American giant, taking advantage of its growing industrial development.

brazil-economy-bullishThe plan includes conducting studies to find market niches. Also, the aim is that Costa Rican exporters become part of the value chaing of Brazilian companies, either in and/or services.

However, the possibility of a free trade agreement between the two countries is ruled out for the moment, not because Costa Rica does not want it, rather Brazil has restrictive policies regarding trade liberalization.

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Foreign Trade minister, Anabel Gonzalez, says she sees Brazil as a very big market that Costa Rica would like to get in on and work and despite the recent raising of tariffs by Brazil, Costa Rica wants to further strenghten investment and the exchange of goods.

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