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Costa Rica President Laura Chinchilla Miranda on why the country’s business environment is attracting corporations from all over the world.
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So we -- about this -- Obama -- where have all the medical device makers gone now Costa Rica with very friendly tax rules for international business.
Dozens of these companies are setting up shop there thanks to a government that is open to business soon.
-- lives claimant is at the World Economic Forum in Davos Switzerland with the president of Costa Rica.
Cameron.
-- -- yet Merkel and chin -- -- Laura Chinchilla is Costa Rica's.
Very first female president and she is joining us here at our Fox Business studio on top of the Congress -- Davos Switzerland for your very first -- us what's it been like.
London yes that this is the first time I have to -- to need to to be here.
Of course it is a -- mixed but mostly I think this is so wonderful opportunity.
For -- -- and she.
Because you have the chance not only to learn from -- any interest -- people about the best practices he may need.
He should solve this and that but at the same time you can -- your thoughts about how.
-- though.
Many things -- -- best possible way of look at Costa Rica and one of the things that that strikes me recently is that.
You know.
Medical device makers in America not all over the world are almost setting up shop in Costa Rica you have a very friendly tax structure.
What would you like to impart to people about how that works and why it's important and what kind of business -- -- to Costa Rica.
While up until you -- we are.
-- successes sorry.
Profit declined mobile above.
Obstructing -- and we did not all media perhaps a seat in attracting.
Companies from the yeah.
-- code devices.
Sizes of life but also.
From the it industry and high tech industries.
What is the kids taught those we -- to keep doctor's first.
As you said we have.
This special.
Preaching this.
In now free.
Tax solvency areas.
What axes they can just come up.
Establish has kept its special Ricci.
At that -- everything is -- quote being out to the what trades organization pools.
But doesn't China will take that probably the most import them.
Talk to is the quantity of -- -- human resources.
They add -- to everything they do so we are very compared to -- From that point of -- we decided to invest in education very very estimation.
And this -- -- home -- front.
This very good to -- -- you look at what's going on in Costa Rica what's going on in the United States you wanted to have fiscal reform.
And to really become more streamlined and yet it it it.
It hasn't exactly happened the way you like who standing in your way.
While the opposition party sometimes is very -- -- a political dialogue -- is something very top vital.
I was hit that million -- -- -- -- that in America.
But we are also happy to our problems.
And so.
Also we -- enabled the fight and to get people it's.
The constitution October decided -- There were some issues and so we would not able to have the fiscal reform -- We.
Have.
A -- they very responsible.
Extended to a -- need.
And so we we have been able to kept.
The fiscal probably.
Very -- content.
I I look at.
-- resonate and you have dedicated much of your life to the public sector -- -- I also -- you Steve several a lot of -- to help with the problem of drug trafficking.
Mexico.
Is going through such a nightmarish time.
But there are other nations Guatemala etc.
you know what advice could you give.
To those nations who are really struggling with what's going on maybe what they're doing wrong and what they could do correctly.
Well led to prove name is sound very complex one so we don't use.
And there is no single nation of but many -- -- -- that have to be.
Adopted in Pontiac to end some feelings.
In device to issue about.
They have to do -- -- -- Well it's another new day in Davos sub board meetings -- -- We believe to be on your way we are honored to have you here thank you so -- -- you -- the -- Laura Chinchilla is the president of Custer got.
And back to New York our.
