A More Progressive Central America Welcomes You to Explore Numerous Trade Opportunities
Traditionally, investors worldwide see Central America as a “high risk” region when it comes to trade. While it is still the case in some areas, there have been recent positive changes that resulted in this region’s economic growth. Many investment destinations in Central America have entered a vast of free trade agreements. This led to increments in industry sectors and global opportunities.
In fact, there are multiple investment destinations in Central America which are highly feasible to conduct business in, particularly international trade. This progress is possible due to having a strategic geographical position, strong sector growth, and lower human capital costs. Many experts say that this trend will not only remain stable but will also significantly increase in the future.
Attractive Import and Export Sectors in Central America
There is a rising number of trade sectors for both Latin and foreign investors. These investment destinations in Central America have sprouted thanks to the free trade agreements which laid down a solid foundation for international business transactions.
24/7 Import Permits in Costa Rica
Just recently, the San José government created a new import system which promises to greatly benefit the food, medical, chemical and pharmaceutical sectors. The VUCE 2.0 system lessens the processing time and costs of services during the trade. It also streamlines import and export procedures which improves Costa Rica’s competitiveness in the global market. The government expects this system to create greater collaboration between the public and the private sectors.
Guatemalan and Chilean Trade Synergy
We will be expecting commercial negotiations from Guatemalan and Chilean exporters this year. This is favorable to both nations as this collaboration can complement what is lacking with each nation. Guatemala has a strong agricultural sector, while Chile has an overall powerful and attractive market to conduct business in, being more open for foreign participation.
This collaboration will uplift Guatemala’s economy, taking advantage of its lower human labor costs. Now is the perfect time to conduct business in this nation. If you do so, you need to get a professional Chilean lawyer who can provide a strategic advantage for investors.
The Frozen Fruit Export Market
The region of Central America exported approximately USD$57 million worth of frozen fruits in the 1st half of 2017. This will grow further in the following years.
Data between January 2017 – June 2017 shows that the Central American region there is a 60% increase from that of the same period in 2016. This growth validates both the strength of the frozen fruit market in the region. It also allows for an array of business opportunities available for both individuals and companies. Thanks to high-quality products, cost-effective pricing and a selection of free trade agreements, exciting business openings will surely come to fruition (pun intended).
Investment Destinations in Central America: Other Sectors
The list of trading competitive advantages and growth sectors in Central America never ends. Nicaragua continuously displays promise in the fishery exportation sector. El Salvador is growing further with their agricultural, coffee and gold sectors, thanks to the aid of China, Mexico, and Vietnam. Meanwhile, Colombia and Costa Rica are also negotiating their current free trade agreement.
This is just the beginning of a clear trend among the region and its international trade sectors. Indeed, these investment destinations in Central America creates exciting prospects for both locals and foreigners. With this trading advancements, we can conclude that this region has positioned itself on the map of attractive places to do business with. Slowly, we can see these nations mirroring some of the global powerhouses.
Make the Most of Central America Trade Opportunities
After knowing this basic information, you are now aware that there is a wide range of prospects available in various sectors and countries in Central America. You can also surmise that this region has a strong international trading environment. All you need to do now is seek further guidance; there are various technicalities and extensive data you need to know about this region, after all.
Affiliating with local ‘on-ground’ professionals is a worthwhile strategy. You need an agency that can provide you commercial representation, contacts to local trade specialists, or essential back-office services (legal, accounting, taxation, and more). A combination of a well-organized business plan and local partnership will ensure a higher rate of success in traversing these investment destinations in Central America. This is only possible by getting help from us.
Our team wishes you all the best for your business adventures in Central America.