The Costa Rica News (TCRN) –The withdraw of Intel from Costa Rica is beginning to generate a heavy blow on the figures of exports, during the first half of the year it only grew 1.7%, rising from $5.825 to $5.922 billion.
“Not stagnation, but this is a slow growth,” said Minister of Foreign Trade, Alexander Mora, comparing the close of a very similar figure to the previous year.
If electronic components are excluded, Costa Rica reported a growth in their exports to of 4% over the same period last year.
“The effect on exports by the Intel manufacturing plant is evident, however, efforts have been made to systematically promote industrial exports and other medical devices,” said the Minister.
Free zone exports (excluding electronics) grew 6% in this period, but Intel just 0.9%.
The Costa Rica News (TCRN)
San Jose, Costa Rica