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Costa Rican is less dependent on the U.S.A. for exporting its products than in the past. This is because of the increase in sales to Asian, Central American and Caribbean markets. Exports to the U.S.A. went from 47% in 2003 to 35% in 2007, according to data released in August 2008 from the Promoter of Foreign Trade (PROCOMER). However, the U.S.A. remains the leading destination of Costa Rican exports. Last year, Costa Rica exported a total of $9,343 million in products, 35% to the U.S.A., 21% to Asia, 21% to Central America and the Caribbean, 15% to Europe and the 8% to other destinations.
Read a very intersting article on how the dynamics between the US and Latin America/Caribbean nations are changing. The article is titled “A New Cold War in the Caribbean?” found @ insidecostarica.com. With less power comes less influence over the governance and economies of these countries and increases their ability to decide what is best for themselves without the interference of “big brother”.
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