Costa Rica exports grew 16.1% in the first three months of 2012, by comparison with the same period of last year, according to the Promoter for External Commerce and the Ministry of External Commerce (Comex). From January to March, Costa Rica exported products with a value of 2,911 million Dollars (403 million dollars higher). The [...]
Canada and Costa Rica have concluded a third round of talks on the expansion and modernization of their existing free trade agreement (FTA). The latest negotiations were held in Ottawa, with a fourth round scheduled for June. The original FTA entered into force in 2002 but did not include provisions in areas such as cross-border [...]
(Bloomberg) – Costa Rica plans to start negotiating free trade agreements with South Korea and Colombia this year and complete an accord with members of the European Free Trade Area by October, the country’s trade minister said. South Korea and Colombia “have presented a feasibility study and we are basically waiting for Korea to be [...]
SAN JOSE, COSTA RICA, April 18 (Reuters) – Costa Rican president Laura Chinchilla announced a new set of measures to contain the country’s growing fiscal deficit, after a draft tax reform bill was thrown out by a high court a week ago. In a seven-minute address on national television, Chinchilla said her government plans to [...]
Fernando Sánchez, managing partner of Russell Bedford Costa Rica, comments on World Bank Paying Taxes survey Recent reforms to its tax administration have seen Costa Rica leap 18 places in World Bank rankings of the world’s easiest tax compliance regimes, moving from 156th place to 138th. The annual World Bank Doing Business report assesses regulations affecting domestic [...]
First San Jose Location Opening Just Five Months after Signing Agreement MIAMI, Mar 22, 2012 (BUSINESS WIRE) — Miami-based Pollo Tropical® announces the opening of its first franchised restaurant in Costa Rica, in San Jose’s main square: Parque Central. The opening marks the first of what it hopes will be at least five Pollo Tropical [...]
NARANJO, Costa Rica—Coffee producers in the heart of this region that grows top-notch beans learned a tough lesson in 2001, the last time prices sank: Even gourmet coffee can leave a bitter taste. This time, they are better prepared. Prices of arabica beans, the kind coveted by connoisseurs for their mild taste, have hit 17-month [...]
Costa Rica’s Congress last night gave initial approval to an overhaul of the tax system aimed at paring a fiscal deficit equal to more than 5 percent of gross domestic product. The legislation now awaits a Supreme Court ruling on opposition allegations that its fast-track treatment by lawmakers was unconstitutional. The tribunal takes an average 18 months [...]
In Latin America, many regard the United States as somewhat of a colossus to the North. Symbols of red, white and blue have long contrasted with cultural and political ideals south of the border due to heritage and customs. Today, if nations are to effectively collaborate, it is most often on the waves of an [...]
When North Americans face the realities of a reduced income after retirement, many of them look abroad for places to move that offer a lower cost of living in order to stretch those limited resources. Developing countries around the world offer such a promise, from Central American republics like Mexico or Nicaragua, South American expat [...]
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