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us$250 Million Invested In Free
Trade Area
Costa Rica has invested us$250
million dollars in establishing
the Zona Franca Coyol (Free
Trade Area), the head of the
area's governing board said on
Tuesday.
Andre Garnier said the
industrial park, located in
Alajuela, will accommodate more
than 60 domestic and foreign
companies and create 20,000
direct jobs.
Costa Rica's Foreign Trade
Minister, Marco Vinicio Ruiz,
said the body has already
attracted medical equipment
companies, high-tech
manufacturers and value-added
services providers.
President Oscar Arias, who
participated in a ceremony to
lay the first stone at the
project, said that his country
had attracted high value-added
companies to invest in its
markets by offering preferential
tax rates.
He called on the private sector
to support a free trade
agreement with the United States
in a referendum to be held in a
few months.
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