General Electric Sees
Investment Potential in
Costa Rica With the
Approval of the TLC
Lloyd Trotter, vice
president of General
Electric, made his first
visit to Costa Rica
yesterday meeting with
Costa Rican president,
Oscar Arias, and the
ministro de Ambiente,
Roberto Dobles, and the
ministro de Comercio
Exterior, Marco Vinicio
Ruiz.
Trotter assures that
with the approval of the
Tratado de Libre
Comercio (TLC) - free
trade agreement with the
United States, Costa
Rica and Central America
will become more
competitive.
Exterior commerce
minister Ruiz explained
the benefits to the
local economy of the
investments by companies
like GE. "This (the
meeting) is a
demonstration that
foreign companies are
evaluating Costa Rica
for increased
investment", said Ruiz.
Ruiz also assured that
the approval of the TLC
will also see increased
export to the US by the
large foreign companies
of products manufactured
in Costa Rica .
The move by GE to
increase investment in
Costa Rica is seen as
more job opportunities
for Costa Ricans.
Trotter said that the
high education level of
Costa Rican workers is
one of the reasons for
GE to get involve itself
in the country.
The subject of
environmental matters
was also discussed at
the meeting, as GE
considers itself a
manufacturer of
environmental friendly
products and Trotter
commented that the
company would make
further investment in
environmental friendly
projects in Costa Rica.
Environment minister
Dobles commented that he
sees the GE investment
as good for the country,
not only for the
environment, but also
because the company is
involved in energy
projects that could see
potential investment in
the bio-fuel sector.
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