Precision and Medical Equipment is the leading export sector in the country. In 2021 it comprised 36% of the country’s exports, equivalent to 5.2 billion dollars. According to the Costa Rican Coalition of Development Initiatives (CINDE) data, this figure is correct.

Because of sound economic policy choices that have been made over the last several decades, Chile has managed to consolidate a stable macroeconomic climate and a favorable environment for business. This has positioned the country as one of the most attractive nations in the region for the export of goods and services. As a result, Chilean exports are sold globally.

The Brazilian auto industry has a long history in the country. The first automakers arrived in the country in the 20th century. Before that, the first motorized vehicle arrived in Brazil in 1891 in the port of Santos (SP). The Peugeot Type 3 model was the first car to move on the roads of Brazil.

Argentina’s national industry is essential for the growth of the country and is one of the most important in South America. It is characterized by the transformation of raw materials into finished products for direct consumption or intermediate products to be later applied in other industries.

The joint agreement on nearshoring and investment between the United States and Guatemala will strengthen the attraction of foreign direct investment. This result will come to fruition through the new Central America Forward Plan.

In the first quarter of 2023, the business climate in Peru ranks fourth among its Latin American neighbors. This is according to a study recently released by Brazil’s Getúlio Vargas Foundation (FGV).

Bolivian exports of the country’s traditional and non-traditional sectors reached a value of USD 6.9 billion, with a participation of 51% in the total value of shipped products in 2022. This is according to data provided by the Bolivian Ministry of Foreign Affairs.

The issue is not exclusive to Mexico, but after the Covid-19 pandemic, the word “nearshoring” began to monopolize the pages of trade industry and business publications. In forums, summits, or different events where the economy was discussed, the main conversation was the reconfiguration of supply chains .

The Paraguayan maquiladora industry, also known as the Export Processing Zone (EPZ) industry, has been a significant part of Paraguay’s economy since the 1980s. As a result, Paraguay’s government and private sector have worked together to create a favorable business environment for multinational companies to establish maquiladoras.

The Manaus Free Trade Zone (MFTZ) in Brazil is a special economic zone that was established in 1967 to promote economic development in the Amazon region. The FTZM offers tax incentives and other benefits to businesses that operate within its boundaries.

In the final phase of the first round’s Chilean electoral process and during the second round, most of the Chilean media affirmed that a victory registered by socialist Gabriel Boric would dramatically reduce foreign direct economic investment in the country.