No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveFirst Round of E.U. Talks Conclude

First Round of E.U. Talks Conclude

The first round of negotiations over an association agreement between the European Union and Central America ended with some parameters set and some cash promised for Costa Rican projects.

Toward the end of the negotiations, the European Union announced aid to Costa Rica of about $48.7 million. The money is to be spread out over the next six years to promote social development and regional integration.

The amount was fixed Oct. 25 in an accord signed by Costa Rica’s acting Foreign Minister Edgar Ugalde and Joao Aguiar, deputy director general for external relations at the European Commission and leader of the E.U. side of the negotiation table.

“There’s no doubt that Costa Rica is the Central American country with which the European Union has most in common,” Aguiar said.

About $36.5 million of the grant will go toward reducing poverty and inequality through investments in health care, education, employment programs and the environment, Aguiar said.

The remaining $12.2 million will help Costa Rica integrate into the Central American Customs Union while still remaining competitive. Aguiar said the European Union would review the fruits of its donation in 2010.

Costa Rica is receiving less money from the European Union than any of its regional neighbors. During the same period, 2007-2013, the European Union will donate $54.4 million to Panama, $173.3 million to El Salvador, $193.4 million to Guatemala, $210.6 million to Honduras and $306.5 million to Nicaragua.

Aguiar said the donations reflected the varying needs for aid.

“The fact that Costa Rica is receiving less is not a reason to be sad,” he said. “It’s a reason to be glad.”

Negotiators hit a small rough spot toward the end of the meetings when the Europeans declared they want to negotiate starting with World Trade Organization (WTO) standards as the baseline, rather than the trade preferences Central America is granted under the Generalised System of Preferences (GSP) Plus program.

Aguiar defended the position saying it is the only legal option the European Union has.

“Does that mean that current tariffs are going to have to go up? No. One thing is the contractual legal mechanism, another what the European Union applies today and what it intends to keep applying, GSP Plus,” Aguiar said, according to daily La República.

Head negotiator for Central America, Costa Rican Roberto Echandi, for his part, commented that the end point is more important than the start point.

The next round of talks will take place in Brussels this February. Negotiators decided to change the date from December to give time for both sides to exchange more detailed information in preparation for the negotiations.

 

Trending Now

Maduro’s Cult of Personality and Repression Defined Venezuela’s Lost Decade

Venezuela's Nicolas Maduro, who has been seized by US special forces after more than a decade in power, ruled with an iron fist while...

Jimmy Fallon’s Papagayo Getaway Boosts Costa Rica Luxury Tourism

Comedian and late-night host Jimmy Fallon wrapped up 2025 with a family trip to Costa Rica, choosing the Papagayo Peninsula for a mix of...

U.S. Congresswoman Marjorie Taylor Greene Visits Costa Rica for Holiday Break

U.S. Congresswoman Marjorie Taylor Greene, a Republican from Georgia, has chosen Costa Rica for her Christmas vacation this year. She arrived with her fiancé,...

Costa Rica Watches U.S. Capture of Maduro as Regional Concerns Grow

The United States carried out airstrikes on Venezuelan military sites early this morning, leading to the capture of President Nicolás Maduro and his wife,...

Political Campaigns Ramp Up in Costa Rica as Holiday Ban Ends

With the new year underway, Costa Rica's political scene shifts back into high gear. The mandatory holiday truce on campaigning, enforced from December 16...

Honduras’ President-Elect Faces Challenges With Thin Congressional Backing

Nasry Asfura, Honduras' president-elect and a key ally of U.S. President Donald Trump, steps into office with limited support in Congress, a setup that...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica