ACCORD WITH COSTA RICA.
Pacheco said that this will include establishing a Costa Rican Commerce Office in Puerto Rico, reestablishing a direct flight between San Juan and San Jose, Costa Rica, and working together to mutually learn to improve the areas of ecotourism, education, disaster management, and drug control. Gov. Calderon said she hopes to open a similar office in Costa Rica by the end of this year noting that one of the areas to be developed would be the mutual private investment in Costa Rica and Puerto Rico. Milton Segarra, secretary of Economic Development & Commerce, said there are already groups of Puerto Rican businesses interested in investing in Costa Rica's areas of paper, cardboard, plastic, automobile accessories, and construction, among others;
Puerto Rican private investments in Costa Rica are somewhere between US$40-50 million, vs. US$25-$30 million of Costa Rican private investments in Puerto Rico. Segarra added that Lanco Paints has a manufacturing plant in Costa Rica. Puerto Rico Commerce Development Co. Director Antonio Sosa Pascual said that every year the island imports US$156 million in medical, electric, and agricultural products from Costa Rica. Puerto Rico exports US$30 million to the Costa Rica.
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|Title Annotation:||Puerto Rico|
|Article Type:||Brief Article|
|Date:||May 1, 2003|
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