The life sciences sector has been one of the areas most impacted by COVID-19. On the positive side, certain related products and devices experienced unexpected demand in the past year, thus increasing sector progress. On the negative side, the coronavirus led to the interruption of research and development in fields unrelated to the pandemic creating…
Tag Archives: Free Trade Zones
Nearshoring is a company’s process of transferring part of its business from a geographically distant country to one closer to its main place of operation. In recent decades, many manufacturing and service companies have sought to establish themselves in various jurisdictions around the world to operate at a lower cost and diversify their production capabilities,…
By circular DGA-006-2020 of March 19, 2020, the General Directorate of Customs authorized Free Trade Zone companies to take the following measures while the National Emergency Decree remains in force. Transfer of computer equipment and furniture Transfer the necessary and indispensable computer equipment and furniture, so that the employees can carry out the functions authorized…
The Foreign Trade Corporation of Costa Rica (PROCOMER) presented the report named Balance of the Free Trade Zones: Net Benefit of the Regime for Costa Rica 2014-2018, which analyzes and exposes what the Free Trade Regime represented for the country in 2018, in economic and social terms. Furthermore, it is important to supplement this study with certain data…
The Special Public Economic Development Zones (ZDEPs) in Guatemala emerged as a legal possibility after the reforms to the Law of the Santo Tomás de Castilla Free Zone (ZOLIC) were approved by a qualified majority of the Congress of the Republic in the year 2008. Notwithstanding the foregoing, and despite the existence of a regulation…
Costa Rica, a country of 51,060 square kilometers (19,714 sq. mi.) with a population of approximately 5 million, has recently appeared in the media for its achievements on the management of the COVID-19 health crisis. The fact is that Costa Rica has been doing things differently for a while, and this small country has taken…