The Embassy of Costa Rica to the Kingdom of Belgium, the Grand Duchy of Luxembourg and Mission of Costa Rica to the European Union, presents its compliments to the commercial chambers of Belgium, Luxembourg and those European commercial chambers present in Brussels and has the honor to transferring the invitation of the Costa Rican Foreign Trade Promotion Agency (PROCOMER) to participate in the Buyers Trade Mission, that will take place in San Jose, Costa Rica from September 17 to 19, 2019.
IN ORDER TO COVER THE TRANSPORT SECTOR’S DEMAND FOR THE PERIOD 2016-2030, THERE NEEDS TO BE AN INVESTMENT OF AROUND 2.2% OF THE GDP ON INFRASTRUCTURE, BUT THE CENTRAL AMERICAN COUNTRIES ALLOCATE, ON AVERAGE, ONLY 1.8% OF THEIR GDP.
According to the study “Logros y desafíos de la integración centroamerican: aportes de la CEPAL” (Achievements and challenges for central-american integration: ECLAC Contributions), in between 2008 and 2015, Panama was the first country that reported a major average investment on transport infrastructure, 3.68% of their GDP. The second was Honduras with 2.21% of their GDP and following was Nicaragua with 1.99%.
The data also indicates an increase in investment in the Dominican Republic to 1.32% of their GDP, in Costa Rica an increase to 1.25%, to 1.23% in Guatemala and in El Salvador to 0.93%.