Costa Rica is one of the most politically stable countries in Latin America. Its economy continues to benefit from economic growth and high commodity prices. While the traditional agricultural exports of bananas, coffee, sugar and beef continue to be an important source of income, Costa Rica’s economy has been broadened in recent years through a combination of global high-tech corporations, pharmaceuticals, financial outsourcing, software development and ecotourism. Costa Rica has attracted one of the highest levels of foreign direct investment per capita in Latin America.
In 2014, ITC signed a Memorandum of Understanding with the Secretaría de integración económica centroamericana (SIECA) to support Central America economic development and regional integration. In this context, over the next 3 years ITC work in Central America will mainly focus on regional initiatives that address cross-cutting issues including trade information and market intelligence, regional branding and women economic empowerment. ITC is also partnering with the Inter-American Development Bank (IDB) to strengthen Trade Promotion Organizations on results-based-management.
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