Costa Rican Foreign Trade Promoter
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Costa Rican Foreign Trade Promoter
The Costa Rican Foreign Trade Promoter (PROCOMER) is a Costa Rican governmental agency for investment and export promotion responsible for export promotion programs, attracting foreign direct investment, creating human talent development programs, and providing technical and financial support for the administration of Costa Rica's special export regimes. Established in 1996, was created to modernize export and investment promotion activities, replacing the Center for Export and Investment Promotion (CENPRO), which had been in operation since 1968. PROCOMER's mandate, as defined in its organic law, includes coordinating export and investment programs with guidance from the Executive and managing the country's free trade zone regime. The institution's funding comes from various sources, including contributions from export and import sectors, as well as credits, donations, or legacies. While it enjoys budgetary flexibility due to its exclusion from annual spending limits, it remai ...
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Investment Promotion Agency
An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, state, region or city. They do this through the use of marketing activities by creating awareness about a location as an attractive destination for investment. Generally, IPAs have four core functions: image building of FDI hosting country, investment generation, project management and aftercare services. While IPAs play an important role in attracting investment to developed countries some IPAs have additional advocacy function. The IPA does this by introducing investors with local suppliers (raw materials or other inputs); providing useful statistical data and business information such as macroeconomic indicators (GNP, GDP, HDI, inflation etc.), labor productivity, average wages, attractive sectors of domestic economy; practical suppor ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ...
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International Trade Law
International trade law includes the appropriate rules and customs for handling trade between countries. However, it is also used in legal writings as trade between private sectors. This branch of law is now an independent field of study as most governments have become part of the world trade, as members of the World Trade Organization (WTO). Since the transaction between private sectors of different countries is an important part of the WTO activities, this latter branch of law is now part of the academic works and is under study in many universities across the world. Overview International trade law should be distinguished from the broader field of international economic law. The latter could be said to encompass not only WTO law, but also law governing the international monetary system and currency regulation, as well as the law of international development. The international trade law includes rules, regulations and customs governing trade between nations. International ...
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Special Economic Zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for bei ...
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Democratic Force (Costa Rica)
Democratic Force () nicknamed “''El Naranjazo''” (the ''Big Orange'' or the ''Orange Hit'' because the color of its flag) was a political party in Costa Rica. The party was founded in 1992 by Gerardo Trejos Salas, Gerardo Trejos and other left-wing Costa Rican leaders taking the structure of the Progress Party that nominated poet Isaac Felipe Azofeifa for the 1990 Costa Rican general election, 1990 general election. For around a decade, it was Costa Rica's main alternative force and third party in a very rigid two-party system dominated by the Major party, major parties National Liberation Party (Costa Rica), PLN and Social Christian Unity Party, PUSC. In the 1994 Costa Rican general election, 1994 elections, the party won two seats,Dieter Nohlen, Nohlen, D (2005) ''Elections in the Americas: A data handbook, Volume I'', p175 whilst its candidates in the presidential election, TV personality and folklorist Miguel Zúñiga Díaz a.k.a. Miguel Salguero, finished third with 1.9 ...
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Gerardo Trejos Salas
Gerardo Trejos Salas (August 19, 1946– April 17, 2012) was a Costa Rican politician A politician is a person who participates in Public policy, policy-making processes, usually holding an elective position in government. Politicians represent the people, make decisions, and influence the formulation of public policy. The roles .... References 1946 births 2012 deaths Broad Front (Costa Rica) politicians Place of birth missing {{CostaRica-politician-stub ...
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Reading (legislature)
A reading of a bill is a stage of debate on the bill held by a general body of a legislature. In the Westminster system, developed in the United Kingdom, there are generally three readings of a bill as it passes through the stages of becoming, or failing to become, legislation. Some of these readings may be formalities rather than actual debate. Legislative bodies in the United States also have readings. The procedure dates back to the centuries before literacy was widespread. Since many members of Parliament were illiterate, the Clerk of Parliament would read aloud a bill to inform members of its contents. By the end of the 16th century, it was practice to have the bill read on three occasions before it was passed. Preliminary reading In the Israeli Knesset, private member bills do not enter the house at first reading. Instead, they are subject to a preliminary reading, where the members introducing the bill present it to the Knesset, followed by a debate on the general ou ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ...
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Bill (law)
A bill is a proposal for a new law, or a proposal to substantially alter an existing law. A bill does not become law until it has been passed by the legislature and, in most cases, approved by the executive. Bills are introduced in the legislature and are there discussed, debated on, and voted upon. Once a bill has been enacted into law by the legislature, it is called an '' act of the legislature'', or a ''statute''. Usage The word ''bill'' is mainly used in English-speaking nations formerly part of the British Empire whose legal systems originated in the common law of the United Kingdom, including the United States. The parts of a bill are known as ''clauses'', until it has become an act of parliament, from which time the parts of the law are known as ''sections''. In nations that have civil law systems (including France, Belgium, Luxembourg, Spain and Portugal), a proposed law is known as a "law project" (Fr. ''projet de loi'') if introduced by the government, or a " ...
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National Liberation Party (Costa Rica)
The National Liberation Party (, PLN), nicknamed the ' ("green and whites"), is a political party in Costa Rica. The party is a member of the Socialist International. Social-democratic by statute, the party has a few internal factions, including liberals, Third Way supporters, centrists, and social conservatives. History In 1948, a rebel group called National Liberation Army commanded by caudillo José Figueres Ferrer led a rebellion against the government of then President Rafael Angel Calderón Guardia and his communist allies. After the Civil War the rebels were victorious and Figueres took power de facto. Yet, Figueres did not overrule the social reforms made by Calderón and allies, like Social Security, almost free college education and Labor Laws but kept them and even made a series of progressive reforms himself like abolishing the army and introducing taxation on capital. Figueres gave up power in favor of the democratically elected president Otilio Ulate in 1949 ...
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José María Figueres
José María Figueres Olsen (born 24 December 1954) is a Costa Rican businessman and politician, who served as President of Costa Rica from 1994 to 1998. He also ran for president in the 2022 presidential election but was defeated by Rodrigo Chaves. Figueres started his career as an engineer working in agribusiness. After a decade, he entered public service as Minister of Foreign Trade and then Minister of Agriculture. In 1994, he was elected President of Costa Rica, as the nation's youngest elected president of the 20th century ( Alfredo Gonzalez Flores became president in 1914 at the age of 36, however he was not elected directly, as he was appointed by the National Assembly). He left the presidency of Costa Rica in 1998, since then he has been involved in global issues such as climate change, sustainable development, and technology. In 2000, Figueres joined the World Economic Forum in Switzerland. In 2004, he resigned over the undeclared receipt of more than 900,000 US do ...
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