Costa Rica-Canada Free Trade Agreement updated
Costa Rica and Canada finished a fifth round of negotiations to modernize a free trade agreement between the two countries.
Last week, foreign trade officials from the two governments reached agreements on technical barriers to trade, provisions, objectives, administration of the treaty, financial services, government purchases and customs procedures.
They also completed chapters on cooperative agreements, monopolies and state enterprises, and an agreement on telecommunications and investment is almost ready, pending review.
Issues on market access, tariff elimination for products from free zones, more flexible rules for textiles and Canada’s interest in greater market access for agricultural products are still being discussed.
“There are very few pending issues, and our plan is to finish them during a meeting in mid-September,” said Costa Rican Foreign Trade Vice Minister Fernando Ocampo.
The free trade agreement between Costa Rica and Canada was implemented in 2002. Since then, total trade between the countries has increased from $102 million to $273 million in 2011, a cumulative increase of 168 percent.
You may be interested
Costa Rica seeks to attract film and television productions with incentivesMarco SIBAJA / AFP - February 26, 2021
Costa Rica is considering offering incentives to attract international film and television productions, which currently choose other destinations in the…
Official: Costa Rica’s land borders remain closed for arriving touristsThe Tico Times - February 26, 2021
As we first reported earlier this week, Costa Rica's land borders will remain restricted until at least April. Throughout March,…