Presentation Transcript

1. Costa Rica Commercial relations: United States - China
2. Costa Rica – country information Population: 4.5 millionpeople Territory: 51,000 m2 No army Historicalpriorities: education and health
3. Costa Rica – country information Source: CINDE. Key EconomicIndicators 2012.
4. Costa Rica – country information Source: CINDE. Key EconomicIndicators 2012.
5. Costa Rica – country information Source: CINDE. Key EconomicIndicators 2012.
6. Costa Rica – country information Source: CINDE. Key EconomicIndicators 2012.
7. Most representative imports origins Total of imports: $13,030,283.00 / more than 30 countries $7,480,678.59 ~ 50% of total This information is available on: www.procomer.com 8 countries= 69% imports
8. Main importation products US Million
9. Main importation products US Million
10. 25 main importation origin US Million 54% 70%
11. 25 main importation origin US Million
12. Costa Rica - Exports US Million Years Source: www.procomer.com
13. Costa Rica - Importation US Million Years This information is available on: www.procomer.com
14. Free trade agreement with China
15. Free trade agreement with China In 2011 China and Costa Rica signed a Free Trade Agreement. 90% of both countries’ products enjoy cero tariff. Exports to China have grown an average 28.5% and imports have grown 29.1% every year from 2000 to 2011.
16. Free trade agreement with China Exports 2011: $199.7 million Products: Microprocessors Sockets Plugs and sockets (outlets) Citrus, prepared or preserved Timber Copper waste and scrap Bovine and equine leather Electrical parts Parts of seats Aluminum waste and scrap
17. Free trade agreement with China Importation 2011: $1,297.9 million Products: Cellular phone parts Tricycles and similar toys Routers Footwear Computers Beans Microchips Base stations
18. Free trade agreement with China Current situation The Free Trade Agreement began a new era of trade relations between Costa Rica and China. Costa Rica is currently working on promoting, identifying and exploiting opportunities for trade and investment with this partner.
19. China’s protected products Textile industry Light industry Machinery Electronics Vegetables and fruits Cars Chemicals Hide and leather
20. Costa Rica’s protected products Coffee Pork Pineapple juice Frozen orange juice Jam FishPowder Minerals Hides
21. China’s protected services Computer Real estate Market research Translation and interpretation
22. Costa Rica’s protected services Telecommunication Commercial Construction Real estate Distribution Education Environment Computers Tourism
23. China’s market advantages A lot of product options Lower prices Vast possibilities for product exchange Big market for our local products
24. China’s market limitations Reputation of lower quality in some products High cost of transportation and internationalization procedures Retailers are not always willing to receive new products You must buy large quantities of products Risk – new products / new partners
25. Conclusions
26. Conclusions The United States is Costa Rica’s most important trading partner. Globalization creates rapid changes: new products, new competitors, new trade possibilities. Context and economy will determine outcomes: economic crisis, consumer behavior, market tendencies.
27. Conclusions China is searching new commercial possibilities in Latin America and Africa. New countries are emerging as a manufacturing source: Costa Rica’s imports and exports have been increasing considerably due to the local Intel factory.
28. Conclusions Most valuable criteria for international trade: Quality Price Production capacity Opportunity of deliverance Cost of transportation Reputation of the manufacturing
29. Contactinformation: Harold Hütt Herrera E-mail address: harold.hutt@ucr.ac.cr Universidad de Costa Rica Questions and comments… Websites: www.comex.go.cr www.procomer.com