American Expatriate Costa Rica

Costa Rican exporters will not reach 2016 target

The Chamber of Exporters of Costa Rica (CADEXCO) is not happy.

Exporters say the industry does not expect compliance with the specific goal for 2016, and therefore insist on the need of implementing more measures to increase competitiveness.

We estimate that by the end of the year we will still need about 10% to meet the export target, demonstrating the need to boost the competitiveness of the sector. We call on the government to work on other related issues such as an adequate exchange rate, better access to financing and greater investment in road infrastructure,”

said Laura Bonilla, president of CADEXCO.

In addition, the sector asked the government to improve the control and operation of border crossings, customs, and a reduction in the cost of electricity and a decrease in red tape operations, so the export sector can move forward.

CADEXCO explained that FTZ exports grew about 14%, but exports of the definitive system, where 80% of exports is contemplated, only grew by 1%.

The Chamber announced that sales fell in four of the six major markets: Central America, South America, Asia and the Caribbean, while an increase in North America and the European Union was recorded.

crhoy.com