Increase in bilateral trade between UAE and Costa Rica by 292.3%: minister

Increase in bilateral trade between UAE and Costa Rica by 292.3%: minister

ABU DHABI - Arnoldo André, Foreign Minister of Costa Rica, has highlighted the importance of the UAE for his country, highlighting the increase in bilateral trade by 292.3%, since the opening of the Costa Rican embassy in the UAE in 2017.

In an article published by the newspaper 'La República', Andre said that Costa Rica enjoys 12 years of diplomatic relations with the UAE. Since then, he said "our commercial, educational and tourism ties have been strengthened and represent an example of the enormous advantages of building bridges with the Middle East since our actions in economic diplomacy."

Andre continued, "Since the opening of our Embassy in 2017, Costa Rica's trade with the UAE has increased by 292.3%, according to figures from the UAE Ministry of Economy. For the year 2021, the total trade between both countries reached $49.1 million and, to date, there are significant opportunities for Costa Rican companies to open markets in that country in order to diversify the Emirati food supply chains.

To this end, trade fairs have played a transcendental role in this two-way flow. By September this year, nine Emirati companies belonging to the agribusiness sector have already confirmed their participation in the Buyers Trade Mission (BTM)