If approved in Congress it would be the ninth Free Trade Agreement the country has signed.
Current treaties are with the United States, Canada, CARICOM, Chile, Mexico, Dominican Republic and Panama. Under negotiations are AACUE, China, Singapore and Peru. (According to the Ministry of Foreign Trade).
Nacion.com states, "The plan is supports by all business chambers in the country, with the exception of the Chamber of Industries, which is concerned by the size of the Chinese market."
The country would request excluding products from the Free Trade Agreement only in very justifiable cases.
Local industrialists requested to exclude products which already have no tariff and are not produced in the country. In response, Commerce Minister Marco Vinicio Ruiz argued that it's very complicated to explain the Chinese as to why such exclusions.