- More than 600 local suppliers and 225 multinational exporter
companies under the Definitive Regime and the Free Zones Regime,
generated 2,100 business appointments.
- Production chains recorded remarkable growth of 52%
according to data from PROCOMER.
SAN JOSÉ, Costa Rica,
May 24, 2024 /PRNewswire/ -- In order
to boost the Costa Rican market and meet constantly evolving
business demands, the Trade and Investment Promotion Agency of
Costa Rica (PROCOMER) and the
Association of Free Trade Zone Companies of Costa Rica (AZOFRAS) organized Encadenados
2024, the business conference that seeks to generate commercial
relationships, chains, and connections between local and
multinational suppliers under the Definitive Regime (RD) and the
Free Zones Regime (RZF).
This year, more than 600 Costa Rican suppliers and 200 companies
under both regimes made 2,100 business appointments in the third
edition of the event, a record edition since the number of
appointments reached in previous years doubled: 600 in 2022 and
1,000 in 2023.
"Encadenados 2024 is much more than an annual business event;
it's a platform that drives growth and business collaboration in
Costa Rica. Under the slogan 'Together we achieve more', and
looking to strengthen the national supply chain and meet constantly
evolving business demands, Encadenados represents an invaluable
opportunity for the economic and business development of the
country, "said Laura López, General Manager of PROCOMER.
Companies led by women made a significant contribution to the
third edition of Encadenados, representing 50% of attendees at the
business conference, in their capacity as both buyers and
suppliers. On the other hand, suppliers located outside the
Greater Metropolitan Area (GAM) achieved remarkable success with
participating companies, which is becoming an additional incentive
for companies interested in setting up in these parts of the
country.
More than 400 multinational companies have set up in
Costa Rica and one of the factors
that has been key in the country's value proposition has been the
broad ecosystem of local suppliers that has been developed with the
support of PROCOMER. This network of Costa Rican suppliers, from
various goods and services sectors, provides logistics agility and
a reduction in time and costs to companies that invest, resulting
in a competitive advantage in their operations.
"Participation by women and the success of companies outside the
GAM at Encadenados 2024 show the diversity and strength
characterizing the Costa Rican business fabric. These results
reflect our commitment to inclusion and regional collaboration to
boost sustainable economic growth in our country; fundamental
elements for the promotion of our exports and the attraction of new
investments for Costa Rica."
The food sector stood out as the most dynamic by closing
opportunities quickly and effectively. Other industrial and service
sectors are launching their processes of validation, sampling and
testing in the coming days, as they need to comply with other
requirements in order to integrate into global value chains.
Encadenados 2024 closed with $2
billion in business opportunities. This figure is
expected to increase as 100 additional appointments were scheduled
after the event. According to data from PROCOMER, companies in
the Free Trade Zone buy more than $5
billion from micro, small, medium and large companies
locally. In addition, they report a 52% growth in the securing of
production chains over the last year.
Contact: Ofelia Fernández Valverde,
ofernandez@procomer.com & Esteban
Chaves Trejos, echaves@procomer.com
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