EU maintains trade benefits for Tico products

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Costa Rica is on a list of countries that will maintain trade benefits in European countries, according to a report released Wednesday by the European Union.

Bananas are one of the most important products that will maintain tariff advantages to enter European nations, but Costa Rica hopes that an Association Agreement with the EU, scheduled to start in January 2013, also will create new opportunities to enter the European market for products such as sugar, meat, yuca and textiles.

The EU is the second-largest trading partner for Costa Rica. In 2011, exports totaled some $1.8 billion, representing 19 percent of total exports. The number of products exported to Europe was 806, from 547 companies, according to the Foreign Trade Ministry.

A total of 12 nations will leave the European system of benefits known as Generalized System of Preferences, after having been cataloged in recent years as economies of upper-middle income by the World Bank.

Posted By Costa Developers

COSTA RICAN EXPORTERS DISPLAY THEIR PRODUCTS.

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Government officials estimate that the event will include some 3,500 meetings.

The Fourteenth Buyers Trade Mission (BTM) officially launched Wednesday in the capital San José, with some 300 Costa Rican companies and 200 foreign buyers from 30 countries.

The BTM is organized by the Foreign Trade Promotion Office (PROCOMER), and is one of the most important trade events in the region and the country for the possibilities it offers to the Costa Rican export sector.

The opening ceremony was attended by Vice President Luis Liberman. The BTM is an opportunity for foreign entrepreneurs to appreciate Costa Rican lifestyle and to strengthen ties of friendship.

Organizers hope the event facilitates 3,500 meetings between local companies and potential partners. These expectations are based on the tremendous diversification of our products.

The Vice President also stated that the government will continue its policy of creating market opportunities with both European countries and the neighboring countries of Latin America.

This Posted by Costa Developers.