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Conflict in Nicaragua increases costs for Costa Rican companies

June 12, 2018 by Staff News Writer

The Chamber of Commerce of Costa Rica expressed its concern about the impossibility of transporting goods through Nicaragua, both for imports and for exports. According to the chamber, companies have been forced to use alternative means of transport such as shipping and aircrafts, which have increased logistics costs by up to 70%.

At the moment the recommendation of the carriers is not to move cargo by land in Nicaragua. Many companies have their goods held for more than 10 days. If they fail to reach their destination, it could generate losses for companies of up to $10 million.

The chamber asked the Government of the Republic to establish contingency measures to mitigate the impact that the trade sector is experiencing in the face of the political situation in Nicaragua.

crhoy.com

Related articles:

  1. Costa Rican government asks Nicaraguans to resolve conflict through dialogue
  2. Costa Rica gives Nicaragua more time to pay for damages
  3. 180 Costa Rican companies in Europe
  4. Experts go to the area of conflict with Nicaragua
  5. 11 Costa Rican companies to participate in German food fair
  6. 6 Canadian companies will be in Costa Rica to provide technological solutions

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