Costa Rica

Our operations in Costa Rica are a key part of our strategy in Central and South America due to Costa Rica’s advanced infrastructure, attractive economic and commercial profile, and proximity to the United States. Costa Rica’s strategic location, diverse industrial production profile, pro-business government policies, and strong bilingual labor force make it highly attractive for multi-national enterprises that rely on logistics assets. We believe Costa Rica is well represented in the consumer, retail, distribution, food and beverage and other “basic needs” sectors, and also has a rapidly growing presence in the production of higher value-added goods including in the life sciences and medical device manufacturing industries. Costa Rica attracts business operations and commerce from many multinational corporations. Costa Rica’s pro-business government has consistently facilitated trade with other countries, including the United States. According to the Wilson Center, Costa Rica is a party to fifteen free trade agreements with 58 partners, providing favorable access to nearly three billion consumers. The World Bank’s “Ease of Doing Business 2021” report ranked Costa Rica 74 out of 190 countries worldwide in terms of conditions for opening and doing business, and 4 out of 18 countries in Latin America.

Peru

We focus on our operations in Peru as a key part of our business strategy in South America to leverage the country’s improving macroeconomic fundamentals and investment-friendly environment. The Peruvian government’s focus on sound fiscal management and macroeconomic fundamentals has contributed to the country’s region-leading economic growth and reduced poverty rates over the past two decades, according to ITA. Peru fosters a predictable investment environment, including strong contract and property rights protections.

Colombia

We focus on our operations in Colombia as a key part of our South American strategy to leverage its strong GDP, commercial development, macroeconomic profile, and proximity to Central America and the United States. Colombia is the fourth largest economy in Latin America and has the third largest population in the region with over 50 million people as of 2021, according to the ITA. Seven cities in Colombia, including Bogota, Medellin, Cali, Barranquilla, Cartagena, Pereira, and Bucaramanga, have more than one million people each, making them attractive submarkets for the logistics industry. Colombia has five major commercial hubs including Bogota, Medellin, Cali, Barranquilla and Cartagena, offering U.S. exporters access to multiple commercial centers.