2. INTRODUCTION OF COSTA RICA
JOURNEY OF TRADE
PROBLEMS
STATERGY
PROGRESS REPORT
PRESENT SENERIO OF COSTA RICA
REFRENCES
3. Costa rica is republic country of central
america
Capital- san jose
Population- 4 million people
Birth rate- 72.12 year
Literacy rate- 96%
Curreny- costa rican colon
5. IMPORT SUBSITUTION(1960-1983)
A Policy calling for the local production of
goods & services that would otherwise have
to be imported.
6. LIBERALIZITON OF IMPORTS EXPORTS
(1983-1990)
Removed import barrier by changing the
policy of trade
7. STATEGIC TRADE POLICY(EARLY 1990- PRESENT)
Identifying the targeting industry for
international competition
8. TRADE DISCONNECTION- Occasioned by two
world war
Drop of coffee & banana prices
Agricultural production was dropped from
40.9% -25.2% of G.D.P
Costa rica could not remain cost competitive
in the types of products exported from the
E.P.Z (economic processing zone)
The costa rica is highly skilled workforce was
not being utilized to best advantage
9. THEORY OF MOBILITY- The ability to move
factor of production like labor, capital &
land:- out of one production process & into
another
CINDE RECOMMENDATION-
I. Establish export processing zone(e.p.z)
II. They reduce export/import TAX
III. Hired Foreign investment advisory
service(F.I.A.S) E.g- setup Spanish language
training
10. Setting out to attract investment in
electronic & software e.g- colorplast and
sensortronics
Cinde official make costa rica attractive to
computer chip gaint i.e INTEL
Costa had turned its attention to medical
equipments e.g- baxter, abbott laboratories
& gamble.
11. Costa rica is Ranked 68th in Human development
index(H.D.I)
Costa Rica is ranked 53th with an Economic
Complexity Index (E.C.I)
An INTEL microprocessor facility in Costa Rica is
responsible for 20% of Costa Rican exports.
12. Top 5 Products exported
by Costa Rica
Integrated Circuits (44%)
Office Machine Parts (11%)
Medical Instruments (5.8%)
Bananas (5.4%)
Tropical Fruits (4.8%)
Top 5 Products imported
by Costa Rica
Refined Petroleum (12%)
Integrated Circuits (9.5%)
Printed Circuit Boards (3.8%)
Cars (3.3%)
Packaged Medicaments (2.1%)
13. Top 5 Export destinations
of Costa Rica
United States (39%)
Netherlands (11%)
Mexico (8.9%)
China (5.0%)
Malaysia (2.5%)
Top 5 Import origins
ofCosta Rica
United States (51%)
China (7.8%)
Mexico (6.4%)
Japan (3.3%)
Panama (2.9%)
14. What products should be import & export.
How much should we trade.
With whom we should trade.
15. Alexander Simoes,(2015) “top 5 importing,
exporting countries” The Observatory of
Economic Complexity
Wikipedia, (2013) “ranking in HDI”
L.Arias, (2015) “top selling products” The
tico times news.