Companies / Costa Rica
Central American Markets Growing
July 2006 | Industry NewsAccording to IMS data, Panama's pharmaceutical market expanded by 5.2% in 2005, with Costa Rica growing 11%. According to BMI estimates, the two markets were respectively worth US$190mn and US$250mn in the year. The data reflects Costa Rica's status as Central America's second-largest market after Guatemala - which is approximately twice as large. However, multinationals continue to complain that despite the advent of the DR-CAFTA free trade agreement, patenting conditions in Costa Rica remain bureaucratic and
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