Costa Rica reduces the time to export and import cargo containers, while Brazil and Colombia boost costs.
BY CHRONICLE STAFF
Costa Rica has made dramatic improvements in its trade regime and now ranks fourth in Latin America in terms of ease of trading across borders, according to a Latin Business Chronicle analysis of the 2010 Doing business report from The World Bank.
The report looks at various factors in terms of doing business, including trade. Other factors include labor, property, construction and tax regulations, contract enforcement, credit and investment environment and ease of opening or closing a business. The World Bank looked at the environment in 183 countries from June last year to May this year.
Latin America saw mixed results. While costs went up, the waiting time for cargo containers was reduced. Meanwhile, the number of documents needed to export was practically the same.
Most countries saw no changes in their trade rank. Only three saw an improvement and six saw a decline. The three are Costa Rica, Peru and Venezuela. The six that saw a decline in their global rank are Colombia, Honduras, Mexico, Panama, Paraguay and Uruguay.
However, Panama remains the best country in Latin America, followed by...
Keywords: Brazil, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Uruguay, Venezuela.