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Differentiated, responsible
and sustainable production

According to a McKinsey & Company study, manufacturing accounts for 70% of global trade. But key trends are surging. Manufacturers are going to where the money is—they are turning from traditional local and regional (North American) markets to serving customers around the world. And they are moving from standard products to product differentiation, where responsible/sustainable practices and quality sourcing of goods come into play in order to escape the effects of commoditization.

Rising Cities
Costa Rica offers a sustainable and profitable investment destination to achieve the triple bottom line: profit, planet and people.

Industry Overview and Trends

Costa Rica has been able to set a footprint for itself in this niche arena, benefiting from key intangibles like the provenance, craftmanship and individuality of goods. It has evolved to a consolidated industrial sector that exported $8,636 million, representing 74% of total exports of goods, in 2014. From precision, handmade Major League Baseballs in the Caribbean region and exclusive athletic garments, to patented-technology steel wiring in the Central Pacific, Costa Rica exports approximately 4,000 products to over 156 trade partners, including companies in electronics, textiles, plastics, jewelry, steel, metal mechanics, and paper, among others.

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leaders in the region

Light manufacturing companies recognize that Costa Rica is an ideal location from which to export because of its competitive advantages in relation to other countries. Costa Rica, with 14 Free Trade agreements and access to 57 trade partners globally, allows access to over 2/3 of the world’s GDP. It’s privileged geography permits easy access to the East and West coasts of the US, to South America, the EU and Asia. And this is complemented by a skilled workforce.

Costa Rica has vast experience in the manufacturing of goods which are part of several global value chains. In 2013, almost 40% of total exports of goods were linked to global value chains, such as electric and electronics, aerospace, medical devices, among others. It hosts a consolidated cluster of multinationals, providing an ideal location to develop business opportunities and establish links with other industries that support high-tech activities in several of their core processes, such as plastic molding, precision machining, plating, stamping and packaging, and most recently E-Beam sterilization, to name a few.

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