In order to attract more foreign investment, among other things, the group composed of professionals and academics have decided to create a group to provide recommendations to the government to improve competitiveness.
The group, which includes experienced professionals, will seek to unite competitiveness councils in other countries, in order to exchange ideas and implement best practices.
Federico Chavarria, Deloitte consulting partner and vice president of the American Chamber of Commerce (AmCham), Board Member, said that the Council will not provide policy or union recommendations, but will suggestions that will focus on practices that promote economic growth and social development .
An article in Elfinancierocr.com's states: "The official launch of the association will take place in the second conference entitled "Competitiveness Summit 2011 AmCham: Talent in Action", which will be held on Monday 28 November at the Hotel Real Intercontinental.
The Council arose from the conclusions from the meeting last year and its plan is to make recommendations to the Government on issues such as attracting foreign investment, and improving government efficiency and infrastructure. "
Source: elfinancierocr.com
More on this topic
May 2012
Most investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism.
From a press release from the World Bank
According to Best Practices Study of Global Investment Promotion (Global Investment Promotion Best Practices) 2012 World Bank, 80 percent of investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism, despite the fact that countries are competing to attract investment.
September 2010
The Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) ranks countries according to their Institutions, Infrastructure, Macroeconomic environment, Health and primary education.
With respect to the 2009-2010 WEF report, Costa Rica's ranking falls one place from 55 to 56 out of a total of 139.
July 2009
After three years of ratifying the agreement, investments from the United States have increased by 22%.
According to the American Guatemalan Chamber of Commerce (AmCham) the signing of the Free Trade Agreement between the United States, Central America, and the Dominican Republic has generated an increase in investment, mainly in the call center industry.
September 2010
The World Economic Forum rankings for Central America are: Panama 53, followed by Costa Rica 56, Guatemala 78, El Salvador 82, Honduras 91 and Nicaragua 112.
Chile (30), Puerto Rico (41) and Barbados (43) are the only three economies from Latin American and the Caribbean with rankings in the top 50.
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