• Costa Rica Real Estate

Costa Rica sets date for trade talks with Singapore

February 13, 2009

Costa Rica and Singapore will begin negotiations in mid-April on a free-trade agreement, a key piece of President Oscar Arias´ plan to strengthen economic and diplomatic ties with Asia.

A team from the Foreign Trade Ministry will visit Singapore April 20 to 22, after the second round of trade talks with China April 14 to 17, the ministry announced Thursday in a press release.

Arias, an avid free-trader, has led Costa Rica into free-trade pacts with the United States and Panama, and the country is expended to sign an agreement between Central America and the European Union early next year. Arias recently told the weekly newspaper El Financiero he also hopes to pursue free-trade deals with India and South Korea.

A tiny and densely populated city-state with a largely ethnic Chinese citizenry, Singapore has a per capita income of more than seven times Costa Rica´s. Manufacturing and services are the main engines of Singapore´s powerhouse economy, according to the U.S. State Department Web site.

Arias announced plans to negotiate a free trade deal with Singapore during a visit there last December. Costa Rica´s exports to Singapore last year totaled $31.5 million, while imports totaled $26.4 million.

Facebook Comments

You may be interested

Costa Rican authorities search for missing U.S. citizen
Costa Rica
140 views
Costa Rica
140 views

Costa Rican authorities search for missing U.S. citizen

The Tico Times - August 25, 2019

Costa Rica's Judicial Investigation Police (OIJ) are searching for Charlie Edward Hughes, a U.S. citizen who went missing earlier in…

Slothy Sunday: Free real estate within claws’ reach
Sloth Sundays
61 views
Sloth Sundays
61 views

Slothy Sunday: Free real estate within claws’ reach

Andrés Sáenz Bräutigam / Veterinary Medicine Student - August 25, 2019

Life in the rainforest isn't easy. Animals, plants and even fungi compete daily for resources, food, water, and housing. But,…

Costa Rica celebrates National Parks Day
Environment and Wildlife
3802 views
Environment and Wildlife
3802 views

Costa Rica celebrates National Parks Day

The Tico Times - August 24, 2019

Entry to all Costa Rican national parks is free today for National Parks Day. The holiday, celebrated every Aug. 24…

Do NOT follow this link or you will be banned from the site!