• Costa Rica Coffee Guide

Costa Rica, Panama Begin Trade Talks

August 18, 2006

Costa Rica and Panama kicked off the fourth round of negotiations for a freetrade agreement in San José Tuesday.

During the negotiations, which will last until the end of next week, the two countries will try to reach agreements on access to markets.

Costa Rica’s Foreign Trade Minister Marco Vinicio Ruiz called Panama a “very important market for Costa Rica, where our exports have grown in recent years and we maintain a positive trade balance.”

Ruiz said it is Costa Rica’s goal to wrap up the negotiations by the end of this year.

Gabriela Castro, Panamanian Foreign Trade Director, said this round will have four areas of negotiation: market access, rules of origin, services and investment and public contracts.

Negotiators will debate issues related to the finance sector and international trade, as well as the Costa Rican state telecommunications monopoly.

Costa Rica will come to the table seeking access to public contracts in Panama with its sights on Panama Canal projects.

In 2005, Costa Rica exported $207 million to Panamá, 12.7% more than in 2004.

Main exports to the southern neighbor include medicines, electric conductors, food preparation and fungicides.

Panama exported $121.3 million to Costa Rica in 2005, 9.4% less than in 2004. The top imports were medicine, oil and tuna.

 

You may be interested

Spanish TV show to feature Costa Rica travel
Costa Rica
9 views
Costa Rica
9 views

Spanish TV show to feature Costa Rica travel

The Tico Times - April 14, 2021

The Spanish television program "Planeta Calleja" will feature Costa Rica in its upcoming season, the Tourism Board (ICT) says. Jesús…

Costa Rica has received more than 1 million vaccine doses
Costa Rica
16581 views
Costa Rica
16581 views

Costa Rica has received more than 1 million vaccine doses

The Tico Times - April 14, 2021

Costa Rica received 113,490 more coronavirus vaccine doses on Tuesday night for a total of 1,022,685 doses, the Presidency reported. The…

Costa Rica has not (yet) announced new Covid measures
Costa Rica
1976 views
Costa Rica
1976 views

Costa Rica has not (yet) announced new Covid measures

The Tico Times - April 14, 2021

The Costa Rican Presidency on Wednesday said it has not applied any new coronavirus measures, and that social-media posts claiming…