SAN JOSÉ, Costa Rica, November 7, 2023 /PRNewswire/ — This November 7 and 8, the Foreign Trade Promoter of Costa Rica (PROCOMER) participates in the 8th meeting of Investment Promotion Agencies (IPAs). acronym in English), a forum of the Organization for Economic Cooperation and Development (OECD) that aims to exchange experiences and good practices of Foreign Direct Investment (FDI) between different countries.
As the official investment promotion agency of Costa Rica, PROCOMER participates in IPA Network represented by Laura López, General Manager; and Mónica Umaña, Investment Manager of the Institution.
In this 8th meeting of the IPA Network, discussions will be held around the theme “Making FDI contribute to sustainable and regional development”, in order to maintain conversations about the current challenges and opportunities of FDI, regional development and sustainability.
“We have a high expectation of what we will be able to offer and collect as a national investment promotion agency in this forum, take advantage of experiences and also share our success story. PROCOMER does an extraordinary job in attracting and diversifying new sources of investment that now They are also touching communities outside the Greater Metropolitan Area (GAM), this is development for the entire country,” stated the Minister of Foreign Trade, Manuel Tovar.
For her part, Laura López, General Manager of PROCOMER, added that, for the Institution, it is vitally important to participate in this forum, not only to generate exchange of experiences and have rapprochements with counterpart institutions from other countries, but also to share the new investment attraction strategy, focused on the diversification of origins, sectors and destinations to impact all regions of the country, as well as Costa Rica’s value proposition for investors.
“Our country value proposition is robust, in this sustainability appears as a differentiating factor, an important topic in this 8th IPA Network meeting. In the first half of this year, FDI flows show a growth of 12%; this demonstrates the effectiveness of the country’s value proposition, as well as the trust that hundreds of multinational companies continue to place in Costa Rica,” López added.
During their participation in IPA Network, Laura López and Mónica Umaña will be present in discussion forums about What strategies are necessary to attract FDI in the regions and improve its impact on regional development?; Strengthening the local workforce: the case of investments in battery plants; Regional development – a deep dive into the role of IPAs; as well as Monitoring and evaluation of sustainable investment.
In 2016 and with the support of the OECD Investment Committee, the IPA Network was created to bring together representatives of the Investment Promotion Agencies and policy makers of the OECD to benefit from the Organization’s analysis, share experiences and exchange good practices.
The main objectives of the IPA Network are:
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