Printer Friendly

ACCORD WITH COSTA RICA.

In hopes of improving economic and cultural links between Costa Rica and Puerto Rico, Gov. Sila Calderon and Costa Rican President Abel Pacheco signed a multi-sector agreement in San Juan, reports Caribbean Business (April 4, 2003):

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.

***

Copyright 2003
COPYRIGHT 2003 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Puerto Rico
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:2COST
Date:May 1, 2003
Words:232
Previous Article:N.J. CO. BLOCKED FROM RECRUITING EFFORTS.
Next Article:PANAMA-PUERTO RICO LINKS.
Topics:


Related Articles
Having survived Hugo, Puerto Rico now fights roya.
High hopes for low-interest loans.
LETTERS.
Protectionist Puerto Rico Struggles To Rebuild Coffee Sector.
ISLAND FINANCE BRANCH IN TRINIDAD.
Directory.
May 28 International Day of Action for Women's Health.
Clorox expands here from Panama.
Some coffee to be imported.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters