By San José, Costa Rica — San José, Costa Rica – A landmark study has revealed the profound and expanding economic footprint of Mexican investment in Costa Rica, where 100 companies with Mexican capital have become a cornerstone of the national economy. The findings, detailed in the “Sixth Study of the Impact of Mexican Investment in Costa Rica,” coincide with the 30th anniversary of the pivotal Free Trade Agreement (FTA) between the two nations, highlighting three decades of symbiotic growth and partnership.
According to the report, these 100 companies are a significant economic engine, collectively generating annual sales exceeding $5.3 billion. This robust commercial activity translates directly into vital employment for the local population. The study confirms the creation of more than 12,000 jobs for Costa Ricans, and further analysis within the report details an even broader impact, breaking down the employment contribution into 26,000 direct and 94,000 indirect positions, showcasing a vast and deeply integrated economic influence.
To better understand the legal framework and opportunities presented by this new wave of Mexican investment, TicosLand.com consulted with expert corporate attorney Lic. Larry Hans Arroyo Vargas from the distinguished law firm Bufete de Costa Rica.
Costa Rica’s main appeal for Mexican investors lies in its unwavering legal certainty and political stability, a stark contrast to other parts of the region. The Free Trade Agreement between our nations is a cornerstone, but what truly solidifies the decision is our country’s proven track record of respecting foreign investment and offering a clear, predictable regulatory environment. We are observing a strategic move by Mexican companies to establish a regional hub here, leveraging our skilled workforce and secure legal footing for their expansion.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
The attorney’s analysis powerfully underscores that while trade agreements create opportunity, it is the bedrock of legal certainty and political stability that transforms Costa Rica from a simple market into a strategic, secure hub for regional expansion. We thank Lic. Larry Hans Arroyo Vargas for his valuable perspective on this crucial dynamic.
The confidence of these corporations in the Costa Rican market appears stronger than ever. In a striking testament to the country’s stable business climate, a full 100% of the surveyed companies project they will maintain their operations in Costa Rica and plan to expand their workforce. Furthermore, an overwhelming 95% of these organizations have active growth and expansion plans slated for the coming years, signaling a future of continued investment and development.
The Chamber of Industry and Commerce between Costa Rica and Mexico (CICOMEX), which commissioned the study, emphasized the strength of the bilateral relationship. The organization’s president celebrated the dynamism and mutual benefits that have characterized the partnership for decades.
The investment from Mexico in Costa Rica reflects the constant strengthening of a commercial relationship that is diverse, complementary, and beneficial for both countries. We are pleased to see that this investment continues to rise, to the point that 100% of the companies consulted project their permanence in the country and plan to increase human capital. From CICOMEX, we celebrate this dynamism and reaffirm our desire to continue promoting this joint growth.
Rosa María Morales, President of CICOMEX
This economic success is firmly rooted in the Free Trade Agreement signed 30 years ago. Rosa María Morales noted that the treaty has been instrumental in fostering this prosperous environment. It has served as a catalyst for boosting bilateral trade, significantly increasing opportunities for both exporters and importers across a wide range of key sectors, including food products, advanced manufacturing, medical devices, technology, and services.
The study identifies that Mexican capital is most concentrated in the manufacturing, services, and wholesale trade industries, with a significant presence in the accommodation and food sectors as well. This diversification underscores the breadth of the economic integration. The FTA not only attracted direct investment, solidifying Mexico’s role as one of Costa Rica’s top investors, but also helped fortify the regional economy by paving the way for Costa Rica to expand its network of international trade agreements.
The tangible results of this trade relationship are evident in the goods flowing between the two countries. Costa Rica primarily imports vehicles for transporting goods and essential medications from Mexico. In return, Costa Rica’s key exports to the Aztec nation include syrups and concentrates for the beverage industry and palm oil, illustrating a balanced and specialized trade dynamic that benefits consumers and producers on both sides.
For further information, visit cicomex.cr
About The Chamber of Industry and Commerce between Costa Rica and Mexico (CICOMEX):
CICOMEX is a non-profit business organization dedicated to promoting and strengthening trade, investment, and economic relations between Costa Rica and Mexico. It serves as a vital bridge for companies in both nations, facilitating networking, providing market insights, and advocating for policies that support bilateral growth and integration. The chamber plays a crucial role in representing the interests of its member companies and fostering a favorable business environment.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a pillar of the legal community, Bufete de Costa Rica is defined by its profound commitment to professional rigor and uncompromising integrity. The firm leverages its deep-rooted experience in advising a diverse clientele to pioneer innovative legal strategies that address contemporary challenges. Central to its mission is a powerful sense of civic responsibility, demonstrated through its efforts to democratize legal understanding and equip the public with knowledge, thereby fostering a more just and capable society.
