• Costa Rica Coffee Guide

Costa Rica, Panama To Sign Trade Pact

June 29, 2007

Representatives from Costa Rica and Panama have agreed to sign a free-trade agreement between the two countries after nine rounds of negotiation.

The agreement will allow 90% of Costa Rican products to enter its southern neighbor tariff-free, while the other 10% will be exempted from taxes for five to 17 years.

During the final round of negotiations, the two countries reached agreements on financial services, telecommunications and ketchup, among other goods and services, according to the Foreign Trade Ministry.

Costa Rican Foreign Trade Minister Marco Vinicio Ruiz said June 22 he is “very satisfied” with the agreement and that he hopes it will be signed within one month, following a legal review.

His Panamanian counterpart Alejandro Ferrer said, “We have reached a historic agreement, in a moment when there is an excellent relationship between the two countries. I think that with this treaty, our commercial relations will benefit greatly,” according to the wire service ACAN-EFE.

During 2006, Costa Rica exported $268 million worth of goods to Panama and imported $162.7 million worth of goods from that country.

 

You may be interested

Commemorative stamps mark Costa Rica’s path to 200 years
Costa Rica
1 views
Costa Rica
1 views

Commemorative stamps mark Costa Rica’s path to 200 years

The Tico Times - April 21, 2021

Costa Rica is celebrating its bicentennial this year, and the country is marking the occasion with, among other things, a…

Costa Rica coronavirus data for Tuesday, April 20
Costa Rica
13 views
Costa Rica
13 views

Costa Rica coronavirus data for Tuesday, April 20

The Tico Times - April 20, 2021

Costa Rica registered: 1,069 new cases of Covid-19 on Wednesday, April 14; 1,121 on Thursday, April 15; 1,044 on Friday,…

Costa Rica shines in World Press Freedom Index
Costa Rica
12 views
Costa Rica
12 views

Costa Rica shines in World Press Freedom Index

AFP - April 20, 2021

The annual report by Reporters Without Borders (RSF) said Tuesday that journalism was at least partly blocked in nearly three-quarters…