CR Eyes Laredo Trade Corridor
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- Category: Business
- Published on Friday, September 17 2010 09:59
- Written by Rod Hughes
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Deputy Minister of Trade Fernando Ocampo confirmed last week that he wants talks with his Port of Laredo (Texas)--Nuevo Laredo counterparts to establish a trade corridor for Costa Rican exports and imports, reported the daily Laredo Sun.
The advantage to this country is the shaving of time for products by 3-5 days over the Port of Miami with a resultant cost savings of up to 15%, reported the Sun. The Laredo Airport has capacity to handle the increased traffic, being large enough to serve 35 jumbo jet cargo planes daily.
The route would be of special interest to companies in Costa Rica exporting finished products such of Intel, Hewlett-Packard and St. Jude Medical to eastern seaboard and central U.S. distributors as well as for shipping such agricultural products as bananas pineapples and coffee.
Meetings were held last week with Laredo officials as well as with the private sector of such nuts and bolts as logistics, distribution of Costa Rican products and even possible business partnerships.
