Costa Rica

Costa Rica plays a pivotal role in our Central and South America strategy due to its 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. Costa Rica is well represented in the consumer, retail, distribution, food and beverage and other “basic needs” sectors, and 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. The government’s pro-business stance consistently facilitates trade with other countries, including the United States. According to the Wilson Center, Costa Rica is a party to 15 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 74th out of 190 countries worldwide in terms of conditions for opening and doing business, and fourth out of 18 countries in Latin America.

Peru

Our focus on operations in Peru is integral to our South American strategy, as we 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

Colombia is a cornerstone of our South American operations, strategically positioned at the northern tip of the continent. This prime location provides access to both the Atlantic and Pacific Oceans, making it ideal for companies looking to establish a base for exporting goods to North and South America, as well as Europe. Furthermore, its proximity to Central America and the United States strengthens its position as a key logistics hub. We leverage Colombia's strong GDP, commercial development, and macroeconomic profile to our advantage.

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.