Exports Growing, But Not Fast Enough

November 23, 2007

Exports this year are set to break the $9 billion mark – a record. During the first 10 months of 2007, Costa Rica exported 14.3% more than during the same period in 2006.

That growth rate, however, is not high enough to reach President Oscar Arias’ goal of exporting $16 billion in goods by 2010, Foreign Trade Minister Marco Vinicio Ruiz told reporters at a press conference Tuesday.

“It’s not enough for the goals we have,” Ruiz said. “A greater effort has to be made.” The government has therefore been meeting with private-sector representatives to sort out ways that export growth can be boosted along.

Ruiz said the private sector continues to repeat complaints about the country’s infrastructure, its insufficient workforce and the excess of red tape in the Costa Rican market – all things that Ruiz said the Costa Rican bureaucracy is trying to improve.

Meanwhile,Martín Zúñiga, general manager of the public-private Foreign Trade Promotion Office (PROCOMER) said the increase in trade came from a variety of different sectors, making it “growth that is structurally healthy.”

Milk exports continue to soar on high international dairy prices – they are up 60.8% so far, to $15.67 million. Processed food exports are also making an important jump, with $836.6 million exported so far (including juices, sauces, fruit pulp and alcohol), a 35% increase.

Trade with China continues to boom, with $1.17 billion exported to the Asian giant so far this year, compared with $1.01 billion for all of 2006.

Other export products showing an interesting increase include computer parts not produced in the sprawling Intel complex.

Exports of computer parts have gone from $58 million last year to $207.4 million so far this year, thanks mostly to a single company that Zúñiga declined to name.

 

Facebook Comments

You may be interested

Costa Rica recognizes Juan Guaidó as President of Venezuela; Maduro severs ties with US, expels diplomats
News
1331 views
News
1331 views

Costa Rica recognizes Juan Guaidó as President of Venezuela; Maduro severs ties with US, expels diplomats

Alexander Villegas and AFP - January 23, 2019

Costa Rica recognized Juan Guaidó as the president of Venezuela. Guaidó, the head of Venezuela’s national assembly, declared himself acting…

Uber: Proposed law a start, but ‘far from a proposal that encourages innovation’
Uber
579 views
Uber
579 views

Uber: Proposed law a start, but ‘far from a proposal that encourages innovation’

Alejandro Zúñiga - January 23, 2019

Uber on Wednesday issued a press release criticizing the Costa Rican government's proposed law that would formally legalize ride-sharing platforms…

Costa Rica proposes law to legalize (and tax) ride-hailing app Uber
Costa Rica
731 views
Costa Rica
731 views

Costa Rica proposes law to legalize (and tax) ride-hailing app Uber

Alejandro Zúñiga - January 23, 2019

Uber’s questionable legal standing in Costa Rica may soon reach a resolution. The country’s Executive Branch on Tuesday proposed a…