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This review is based on the report prepared by the OECD Secretariat to support the review of Costa Rica undertaken by the OECD Investment Committee, as part of the process for Costa Rica’s accession to the OECD.
Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.
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Boosting the productivity and competitiveness of the economy would help Costa Rica to progress further and take full advantage of its integration into GVCs. Improving the competitiveness of services sectors is particularly pertinent.
Today, Costa Rica becomes the 45th country to adhere to the Declaration. This commitment is further evidence of Costa Rica’s strong pledge to create an attractive climate for investment, to build on previous efforts which have already contributed substantially to the country’s economic progress. It is also an important step to strengthen the growing ties between Costa Rica and the OECD, said Angel Gurría.
This investment policy review examines Costa Rica's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Costa Rica today became the 45th country to adhere to an OECD international investment instrument, designed to help the country attract more and better foreign investment and promote responsible business conduct.
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29 April 2003. Within the framework of the Carribbean Rim Investment Initiative (CRII), this study provides an overall factual assessment of investment conditions in Costa Rica.