Costa Rica’s Accession to Government Procurement Agreement Parties to the Government Procurement Agreement 2012 (GPA 2012) intensified negotiations on 20 March 2024, on Costa Rica’s accession to the GPA 2012 at a meeting of the Committee on Government Procurement. This was the Committee’s first meeting since Costa Rica circulated earlier […]
Costa Rica and UAE Launch Preliminary CEPA Negotiations The Minister of Foreign Trade of Costa Rica and the UAE Minister of State for Foreign Trade signed a joint statement marking the launch of preliminary talks to establish a comprehensive economic partnership agreement (CEPA) between the two countries. The signing took […]
Costa Rica removed from the EU list of non-cooperative jurisdictions for tax purposes On October 17, 2023, three jurisdictions were removed from the EU list of non-cooperative jurisdictions for tax purposes: Costa Rica, British Virgin Islands and Marshall Islands. With these updates, the EU list consists of 16 jurisdictions. The […]
Costa Rican bill threatens copyright payments to music workers On April, 2023, Costa Rican Congress began the discussion of a bill that aims to further regulate copyright and related rights of musical artists, both national and foreign.The bill, titled «Cost Relief for Commercial Establishments,» No. 23,702, aims to exempt any […]
From crafting blog posts and articles to composing music, creating videos and images, developing games and code, designing marketing strategies and even producing architectural plans, the transformative power of generative AI is being widely adopted.
Costa Rica aims to develop and implement a taxonomy of sustainable finance to classify investments and economic activities that contribute to achieving the country’s climate change objectives.
Intellectual Property in the Caribbean: Novelties that are harmonizing Intellectual Property Laws in the region By Emilio Valverde, IDEAS We live in a highly-globalized society, our world is becoming more and more connected and the businesses demand flexibility, speed, and innovation in order to achieve extremely innovating requirements. On despite […]
A group of Costa Rican congress members has introduced a bill that seeks to regulate the use of artificial intelligence in the country. The bill, which was developed with the help of the artificial intelligence tool ChatGPT-4, will now be reviewed by a congressional committee. The committee will analyze the proposal, interview expert teams, make revisions, and determine whether it advances to plenary discussion.
The launch of preliminary CEPA negotiations reflects the two governments’ shared aspirations to promote bilateral economic relations, boost investment and trade exchanges, expedite the flow of goods, facilitate market access and create new joint investments and projects in priority sectors.
This translates into 40 new investment projects (a record figure that is double what was reached in 2017 and 2018) and 61 multinational companies that continued to trust and reinvest in the country.
The services sector was consolidated as the greatest number of projects attracted in 2022. The life sciences securer booked five new companies, while seven new operations were set up in the manufacturing sector. Finally, the year 2022 closed with five new projects related to tourism infrastructure.