The Free Trade Zones in Costa Rica Contributed Over $12 Billion to the Economy in 2023
In 2023, Costa Rica’s free trade zones generated approximately $12.276 billion, representing about 14% of the country’s Gross Domestic Product (GDP). These zones also contributed nearly 40% of the total foreign direct investment (FDI) inflows to Costa Rica.
China and El Salvador Advance Free Trade Negotiations
China and El Salvador marked an essential step in their economic relations by recently holding their first Joint Trade and Economic Committee meeting. Convened in San Salvador, El Salvador’s capital, both nations were committed to fast-tracking negotiations for a Free Trade Agreement (FTA). The meeting underscored the mutual benefits both countries expect to gain from a strengthened economic alliance. It showed China’s strategic interest in Central America as a region for long-term partnerships.
Costa Rica and the United Arab Emirates Strengthen Relations
Costa Rica and The United Arab Emirates (UAE) are strengthening their bilateral relations by creating new economic opportunities, educational exchanges, and infrastructure advancements. The UAE’s Ambassador to Costa Rica, Rawdha Al Otaiba, recently presented a compelling vision for cooperation between the two nations.
El Salvador is experiencing an economic boom thanks to an enhanced security climate
El Salvador is currently experiencing unprecedented economic dynamism, primarily driven by significant improvements in the enhanced security climate in El Salvador. These efforts, led by President Nayib Bukele’s government, have reshaped El Salvador’s image.
Costa Rica Ranks Third for Foreign Direct Investment Relative to GDP
Costa Rica has once again demonstrated its prowess on the global economic stage by securing the third position in the world for foreign direct investment (FDI) relative to its Gross Domestic Product (GDP).
Bukele’s Economic Plan Faces Challenges: Analyzing the Salvadoran Economic Landscape
El Salvador’s economic landscape has seen notable transformations under President Nayib Bukele’s administration as the government implements ambitious reforms and recovery plans to achieve sustained growth.
Costa Rica Foreign Direct Investment Promotion: A Conversation with Pilar Madrigal of CINDE.
Thank you for the opportunity. As you said, my name is Maria Paz Araya. For the past eight months, I have served as the coordinator of foreign direct investment outside of the Greater Metropolitan Areas in Costa Rica.
El Salvador High-Rise Real Estate Tax Incentives: Investors May Be Exempt from Income Tax for Up to 15 Years
The financial sector in El Salvador has demonstrated remarkable resilience and growth, emerging as the fastest-growing segment of the economy with a year-on-year increase of 10.1% as of April. Despite external pressures from rising U.S. interest rates, the sector benefits from a solid deposit base and favorable returns on government securities.
Sustainable Manufacturing in Costa Rica: A Commitment to Ecology and Biodiversity
The future of sustainable manufacturing in Costa Rica is green, innovative, and deeply rooted in environmental stewardship. With its impressive sustainability track record, Costa Rica serves as a model for other nations looking to harmonize industrial development with ecological preservation.
Yilport’s Historic $1.6 Billion Investment Poised to Transform Salvadoran Ports and Boost Global Trade
The financial sector in El Salvador has demonstrated remarkable resilience and growth, emerging as the fastest-growing segment of the economy with a year-on-year increase of 10.1% as of April. Despite external pressures from rising U.S. interest rates, the sector benefits from a solid deposit base and favorable returns on government securities.
Japan’s Support for Costa Rican Accession to the Trans-Pacific Agreement (CPTPP)
Costa Rica’s transformation into a center for advanced manufacturing in Central America showcases its remarkable journey from an agrarian economy to a hub of technological innovation and industrial sophistication.
Negotiations for a Free Trade Agreement Between El Salvador and Peru Advance: Strengthening Economic Ties in Latin America
The financial sector in El Salvador has demonstrated remarkable resilience and growth, emerging as the fastest-growing segment of the economy with a year-on-year increase of 10.1% as of April. Despite external pressures from rising U.S. interest rates, the sector benefits from a solid deposit base and favorable returns on government securities.
