Costa Rica Coffee Guide

Costa Rica opens new Panama trade office ahead of free-trade accord

October 10, 2008

Costa Rica has opened a foreign trade office in Panama, marking a new chapter of commerce between the two nations that awaits the signature of President Oscar Arias.

The free-trade agreement won its second and final approval, unanimously, in Costa Rica´s Legislative Assembly on Tuesday night, and Arias is expected to sign the agreement sometime this week.

Panama is Costa Rica´s top trading partner in Central America, according to the Foreign Trade Promotion Office (PROCOMER), which inaugurated its Panama branch yesterday.

Exports to Costa Rica´s southern neighbor have increased 35.6 percent this year.

“What´s more, surely the growing commercial dynamism between both countries will increase with the opening of this promotion office and the signing of the (free-trade) treaty,” PROCOMER said in a press release.

The treaty, already ratified by Panama´s legislature, will allow 94 percent of Tico goods immediate, tariff-free access to the Panamanian market.

You may be interested

Costa Rica coronavirus data for July 9, 2020
Costa Rica
21252 views
Costa Rica
21252 views

Costa Rica coronavirus data for July 9, 2020

Alejandro Zúñiga - July 9, 2020

Costa Rica confirmed 649 new cases of the coronavirus over the past day, totaling 6,485 cumulative known cases, the Health…

Costa Rica previews new tower at Calderón Guardia Hospital
Costa Rica
7559 views
Costa Rica
7559 views

Costa Rica previews new tower at Calderón Guardia Hospital

Alejandro Zúñiga - July 9, 2020

Costa Rican authorities on Thursday previewed a new tower at Calderón Guardia Hospital in San José, which could be used…

News briefs: Costa Rica will handle land borders differently than airports
Costa Rica
4728 views
Costa Rica
4728 views

News briefs: Costa Rica will handle land borders differently than airports

Alejandro Zúñiga - July 9, 2020

The coronavirus crisis has transformed life in Costa Rica, which has enacted measures to protect the capacity of its health…