• Costa Rica Real Estate

Costa Rica’s Chinchilla signs free trade agreement with China

June 14, 2011

On Monday President Laura Chinchilla signed Costa Rica’s Free Trade Agreement with China (CFTA), the last step required to implement a deal that would allow 70 percent of all goods produced in the country to enter Chinese markets without tariffs (TT, June 3).

“This agreement is an excellent example of this government’s vision to generate more and better opportunities for everyone,” Chinchilla said in a press release. “China is now the second largest economy in the world, projecting an average growth of 8 percent annually over the next five years.”

“Strengthening relationships with a country that is the world’s second largest economy is clearly a great opportunity that we must devote our best efforts to,” said Costa Rica’s Foreign Trade Minister Anabel González.

According to González, between 2000 and 2010, trade between both countries grew from $90 million to nearly $1.3 billion.

After Monday’s signing ceremony, Agriculture Minister Gloria Abraham, along with Wei Chuanzhong, China’s deputy director of General administration Supervision, Inspection and Quarantine, also signed a food safety protocol that will allow Costa Rican producers to export meat to the Asian country. Costa Rica also plans to continue exporting bananas, leather and other products.

You may be interested

Mike Pompeo warns Costa Rica about economic ties with China
Costa Rica
15 views
Costa Rica
15 views

Mike Pompeo warns Costa Rica about economic ties with China

Alejandro Zúñiga - January 21, 2020

During a press conference following Tuesday's meeting with President Carlos Alvarado, U.S. Secretary of State Mike Pompeo urged Costa Rica…

President Alvarado asks U.S. Secretary of State to review Costa Rica travel advisory, FAA certification
Costa Rica
22 views
Costa Rica
22 views

President Alvarado asks U.S. Secretary of State to review Costa Rica travel advisory, FAA certification

Alejandro Zúñiga - January 21, 2020

President Carlos Alvarado asked U.S. Secretary of State Mike Pompeo on Tuesday to review the North American country's travel advisory…

‘No evidence’ Maduro willing to hold free elections, Pompeo says in Costa Rica
Costa Rica
8 views
Costa Rica
8 views

‘No evidence’ Maduro willing to hold free elections, Pompeo says in Costa Rica

AFP - January 21, 2020

US Secretary of State Mike Pompeo said Tuesday that despite numerous contacts with foreign officials in recent months, there's no…

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