Costa Rica Exports to Nicaragua plummeted 51% in June

Exports to Nicaragua plummeted 51% in June says the Promotora del Comercio Exterior de Costa Rica (Procomer) – Foreign Trade Ministry.

The socio-political crisis in Nicaragua has affected Costa Rica exports to Nicaragua, to Central America and Mexico
Francisco Gamboa, executive director of the Chamber of Industries of Costa Rica (ICRC) said that “analyzing the data published on Monday by Procomer, we, unfortunately, concluded that our fears with Nicaragua became a reality: exports to that country collapsed in June of more than ¢14 billion colones (US$25 million dollars) less than in June of last year. “
“More than the blockades, we are now very concerned about the long-term effect on the economy of Nicaragua, which is an important destination for Pymes (Costa Rica’s small and medium enterprises), hence

... continue reading article at QCOSTARICA.com Click here to go to the source article.