Delegate

: Bryan Gusti Pitoyo

Country

: Republic Of Costa Rica

Commite

: Ministerial Conference of WTO

Topic Area

: General Eliminate of Quantitative Restriction

Opening Statement
Costa Rica as a country with a stable economy in Latin America caused a many foreign
investors interested to investing in our country. We believe that the investment can give a good
impact for the economy in our country. But the investment such a currency that has two sides.
Investment will build our economy, but it is only in terms of revenue, but not for the welfare of
the people of our country in general. costa rica has the advantage of agriculture production, so
we want investors to wear our agricultural raw materials for investors who want to open a food
industry or invest in the food industry where it is one of the quantitative restriction is local
content requirement. we've tried as much as possible to equate the price of our markets put cheap
rates. but where it's prohibited there will be a loss of its own for agricultural production in our
country. we felt that by inserting these requirements into investation no harm at all for investors
with reasons as described previously
Based on the problems we have stated above we see that we need to hold the reassessing
quantitative restriction mainly to point local content requirement we totally disagree with the
prohibition of local content requirment because it is certainly not harmful to investors, investors
may find material easily without additional charges such as import duties and taxes if import raw
materials from another country. Costa Rica believe in justice for measuring each country is
different so this rule needs to reconsider, and Costa Rica hope that in this session we can find a
solution together. in addition we offer another form of easy resolution that will be given to
investors in the form Trade liberalisation for boosted productivity growth, economic
diversification and investment. It offers investors excellent conditions and incentives as part of
its export and investment promotion strategy. Costa Rica provides the most attractive and costeffective tax incentives in the region. The Free Trade Zone Regime provides 100% tax

exemption, with an option for either a 10-year period or no expiration period. For manufacturing
projects with an investment of 6.5 million or more, you can receive a 100% income tax
exemption for 8 years, followed by 4 years at 50%. Companies that apply can set up their
operations inside one of the privately-owned Free Trade Zone Industrial Parks. Most of these
industrial parks are located within 20 miles from the main international airport. Other taxes
include: sales tax 13% and selective consumption tax between 5% and 75%. It is enough to
help investor and bring them a lot of provit with less obstacle.