Costa Rica Issues Definition for Strategic Sectors to Benefit Certain Industries in FTZ
Costa Rica recently published a definition for “strategic sectors” to determine which goods qualify for those sectors and are subject to preferential treatment, KPMG said in a Nov. 26 alert. The definition indicates which industries “qualify as strategic,” specifying they…
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must be strategic for the “development of Costa Rica” to benefit from the country’s Free-Trade Zone System, KPMG said. Costa Rica also published certain exclusions from the strategic sectors, including products in the financial sector, the mining of hydrocarbons, the production of weapons and ammunition, and electricity generation (except for self-consumption).