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President Solis to begin ten-day mission to the U.S. on Wednesday hoping to attract investment

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President Luis Guillermo Solís / Archive (Photo: Casa Presidencial)

President Luis Guillermo Solís / Archive (Photo: Casa Presidencial)

May 12th, 2015 (InsideCostaRica.com) Costa Rican President Luis Guillermo Solis will leave for the United States Wednesday morning, embarking on a multi-city tour in hopes of attracting new investment in the country, the Foreign Trade Ministry (Comex) announced on Monday.

 

The president and his delegation, including Foreign Trade Minister, Alexander Mora will visit the cities of Charlotte, Atlanta, Austin and Chicago as part of the ten-day tour and will meet with some 20 companies who are considering opening new operations or expanding existing ones in Costa Rica.

 

The president and his delegation will aim to promote Costa Rica as an ideal destination for businesses in the high-tech, service, light manufacturing, and life sciences industries.

 

The tour also aims to establish links in academia, including with Georgia Tech and Northwestern University as part of an initiative to increase the pool of skilled labor in the country.

 

The delegation will also meet with companies in the textile sector, hoping to attract business and create jobs for those on the lower end of the socioeconomic scale in a country where more than half of the workforce lacks high school diplomas.

 

Solis will also take the opportunity to promote his country in the U.S. media, including scheduled interviews with CNN, Univision and Telemundo.

 

Companies from the United States make up 48% of Foreign Direct Investment (FDI) in Costa Rica.  U.S. companies invested $1 billion USD in the country in 2014.

 

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  • costarick

    The first thing to do is to create an investment climate in Costa Rica that would be attractive to foreign investment, such as low taxes, or tax breaks in return for creating employment opportunities, etc., and generally adopting attractive lower costs of doing business, along with streamlining business procedures. I don’t believe that this climate has been created, so I’m not sure that the President’s trip will be very productive.

    • Yeims

      I think the cat is already out of the bag, especially with Intel leaving. Surely any company thinking about coming here will do some research first, and it is common knowledge that it is almost totally impossible to do business here, and the workforce would need considerable retraining to make them into desirable, honest, and productive employees.

  • roberto

    Milk it Dude, you need another junket. Meanwhile we will keep evading taxes because you guys are wasting our money.

  • roberto

    The new Legislative Board of the Assembly intends to establish a policy of austerity and cost containment. That’s why in today’s session raised the reduction in foreign travel for Members and congressional officials, hoping to save $20,000. Wow!

    First Secretary, John Marin, explained that the objective is to make a proposal to unify the steps to follow when authorizing foreign travel of Members. More info. at http://www.crhoy.com

  • prdatki

    First cut the cost of the CAJA, reduce the cost of Electricity and fuel!
    Cut all pay and benefits of Government and then audit all members past and present.I would not invest in Costa Rica! Should be called Costa Corruption!

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