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Overview: Trade Relations Between the United States and Costa Rica

Overview: Trade Relations Between the United States and Costa Rica

The United States and Costa Rica have maintained a relatively close trade relationship throughout its history. According to the Embassy of the US in Costa Rica, this relationship was born in 1851 and reinforced in 1852, when the “Treaty of Friendship, Commerce and Navigation” between both countries came into effect. Interactions between both countries cover diverse trade matters and allow them to benefit and strengthen their commercial and diplomatic relations. Costa Rica receives from the US government collaboration on mainly maritime security issues where there are joint patrol agreements and for which Costa Rica received a donation of around 40.7 million dollars in 2019. Likewise, there is mutual cooperation on environmental and conservation matters, reflected in the economic contributions called "debt swaps" through which the United States forgave Costa Rica's debt on the condition that it invest in environmental protection and conservation of tropical forests. Learn about the most important aspects of trade relations between the US and Costa Rica.  Cooperation strategy with Costa Rica The 'United States Integrated Country Strategy for Costa Rica' seeks to develop a common set of objectives in which the State Department and other US agencies, such as the United States Agency for International Development (USAID), can participate. This strategy concentrates mostly on the following aspects: “Our countries must continue to focus on the goal we have in common" Citizen security Among the donations and resources received by Costa Rica from the US in terms of security, the...

Belize Strengthening International Trade Relations

Belize Strengthening International Trade Relations

Belize is making great efforts to strengthen its international trade relations and attract new business to its shores. The focus is on both existing and new trade relationships.The Belizean government undertook several country visits, meetings, and other engagements in order to strengthen its international ties with significant partners. We outline the most recent and most important international trade relationships developing in Belize.  Overview: Belize international trade relations Belize is focussed on furthering trade relationships with a number of key partners, including Mexico, Florida (US) and Taiwan. Trade relationship with Mexico in construction sector development  A delegation from the Belizean government visited Merida City in Mexico for technical exchange. The Ministry of Housing and Urban Development aims to strengthen Belize's trade relations with Mexico regarding construction sector development. The 2 countries are progressing through a Building Sector Reform Project in partnership with the Belizean Economic Development Council. The goal of that project is to improve and modernize the business climate and sustainability of planning and developing within the Belizean construction sector. As part of developing the Belize-Mexico trade relationship, a delegation from the Belizean government visited Merida City in Mexico for technical exchange. The delegation assembled with the Merida City Council and the Department of Urban Development. The purpose of this exchange was to strengthen the institutional capacity of key public agencies in the areas of...

Peru’s Exports Drive Trade Surplus in 2019

Peru’s Exports Drive Trade Surplus in 2019

Peru drove an export trade surplus in 2019, for the second year in a row. Peru's trade activity supports a healthy business environment with strong international commercial connections. Peru’s strong international ties support increased exports activities in Peru. Additionally, Peru is the world’s biggest exporter of blueberries, asparagus, and quinoa. Its non-traditional exports hit record levels and Peru aims to increase its agricultural exports to US$10 billion in 2021 from US$7.5 billion in 2019.  Find out how Peru’s export environment is growing and current trends behind its trade activity. Peru records export surplus in 2019 Peru is the world’s largest exporter of blueberries, asparagus, and quinoa. According to the forecast report published by FocusEconomics’ LatinFocus Consensus in December 2019, Peru’s trade balance recorded a surplus of US$1.2 billion.  This same number was recorded in 2018 as well, demonstrating a healthy trade environment in the Pacific Alliance member’s economy.  Exports rebounded 6.6% year-on-year in December 2019, boosted by rising foreign sales of agricultural products and mining, only partially offset by falling exports of oil and natural gas. In the meantime, imports also bounced back and increased by 8.5% in December, contrasting the fall of 5.2% in November. This is due to the back of a jump in purchases of consumer and capital goods imports. The trade surplus of the 12 months leading up to December 2019 was US$6.6 billion, matching November’s results. Panellists who participated in the LatinFocus Consensus Forecast...

Business and Finance Expert Loren Moss Discusses Commerce in Colombia

Business and Finance Expert Loren Moss Discusses Commerce in Colombia

Biz Latin Hub’s Chelsea Heywood was privileged to connect with Loren Moss, Executive Editor and Publisher of Finance Colombia. Loren also juggles publishing, editorial, and business intelligence and analysis operations for FinanceAmericas, Cognitive Business and Unido Digital. Loren Moss discusses his pathway to developing quality English-language news publications for finance and commerce in Colombia, and insights on opportunities, challenges and the evolution of commerce in Colombia and the wider region. Loren discusses his pathway to developing quality English-language news publications for finance and commerce in Colombia, and provides insights on opportunities, challenges and the evolution of commerce in Colombia and the wider region. What motivated you to produce leading English-language publications Finance Colombia and FinanceAmericas? I was working as an analyst for a research firm in the US, covering Latin America. I was living in Miami, and I got tired of Miami after having lived there for about 5 years. I already knew Colombia very well, and had been impressed by the economy’s progress and the gains the country was making socially and politically. So, I decided to spend some time down here. I had maintained apartments in Colombia, but hadn’t lived here full time. I decided to live here and make Colombia my formal address. So, your time living here in Colombia is what drove you to create those publications in English? I saw that there was no English language business publication focussed on commerce in Colombia. There were general lifestyle publications for...

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