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Press Release

Costa Rica Seeks New Investment and Trade Opportunities in Japan

JUNE 16th 2017

Diversification of investment markets

COMEX and CINDE will participate in a high-level business agenda in Japan starting next Monday.

San José, June 16, 2017. Starting next Monday, June 19th, a Costa Rican official delegation will be carrying a high-level business agenda in Japan to seek new markets for investment, trade and technical support to build capacities in Costa Rica.

The official delegation will be headed by , Alexander Mora, Minister of Foreign Trade; Jorge Sequeira, Managing Director of CINDE; Gabriela Castro, Investment Director of the Ministry of Foreign Trade; as well as Pilar Madrigal, Investment Promotion and Aftercare Director of CINDE, who as part of the business agenda, will attend meetings with representatives of established Japanese companies, in addition to meetings with potential investors from technological manufacturing and high added value and technology services.

Minister Mora will hold meetings with the Minister of State for Foreign Affairs, Mr. Kentaro Sonoura and the Parliamentary Vice Minister of Economy, Trade and Industry, Mr. Masaki Ogushi.

Meetings will also be held with representatives of the Japan International Cooperation Agency (JICA) and the Japan Foreign Trade Organization (JITRO), as well as interviews with Nikkei and Japan News, both Japanese media .

JICA is an organization with presence in 150 countries that assists and supports developing nations using non-reimbursable financial assistance. For its part, JETRO is a trade and investment promotion oriented organization between Japan and the rest of the world. 

"The trade ties strengthening with Japan is part of our central government efforts to diversify our economy and strengthen both trade and political ties. The objective pursued by this business agenda involves multiple aspects, such as the investment promotion in Costa Rica, platform events with potential investors, as well as one-on-one meetings with companies already established to strengthen relations. In addition, during this tour we will have the opportunity to meet with government authorities, with whom I will discuss the current trade and investment situation between Costa Rica and Japan, as well as measures to promote greater economic relations between the two countries, "explained Mora. 

Jorge Sequeira, Managing Director of CINDE, commented "CINDE has been working on the diversification of investment markets and precisely the Asian market is one of our points of interest. More than a dozen Asian companies successfully operate within the investment sectors promoted by CINDE in Costa Rica. We are promoting a series of actions aimed at positioning Costa Rica as an access platform to the Americas for high-value services and manufacturing operations. " 

The business agenda will begin on Monday, June 19th through Friday, June 23rd. Opportunities to increase the trade flow with Japan are broad, which is why these visits and an active work agenda have been coordinated. 

Costa Rica is currently a strategic partner for Japanese companies operating from the country to service their mainland operations such as: Bridgestone, Panasonic, MicroVention Terumo, TradeStation, Fujitsu, Toyota, among others. 

For more press info

Carlos Morales