With Donald Trump as president of the United States, the domestic export sector could face different problems such as a breach of agreements, difficulties to access customs and higher costs.
Even though it is still early to make a decision regarding Trump’s economic movements, former Minister of Foreign Trade Alberto Trejos assured that the country will face indirect effects, so it should be designing strategies to address the changes that Trump’s foreign policies could bring.
At the moment, Trump has chosen radical people to work in the economic positions. The first messages show an economic philosophy that is not complementary, but tends to compete against China and Mexico: America has reported huge losses with them and it could be a setback in international agreements.
However, the US does not report losses in its agreements with Costa Rica and most traded products are complementary: Costa Rica imports oil, corn, soy beans and mobile devices and the United States purchases pineapples, bananas and coffee; Products that are only available in one out of the 2 countries.
Trejos stated that the concern should be greater in sectors where there is a trading coincidence, such as some factories that work in the country, as well as in the United States.
In a forum carried out by the Foreign Trade Promoter (PROCOMER) and CADEXCO, it was informed that national exporters are also studying the possibility of strengthening relations with countries such as Panama and Colombia to diversify exports.