Costa Rica - Singapore FTA Moves Forward

In the second negotiation round, to be held early September, the first regulation agreements are expected.

Thursday, August 6, 2009

Much progress has been done on the regulation texts and the general framework for several chapters, so Costa Rica is expecting to close several of these in the upcoming negotiation round, to be held in Singapore on September the 2nd.

"Even though there are ongoing consultations with the private sector, the national productive sector has no particular issues with this FTA", said Costa Rica's chief negotiator Fernando Ocampo, in a Nacion.com article. "Singapore has very little surface and a services economy, so it imports large volumes of fresh and processed foods".



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Costa Rica and Singapore Close FTA Negotiations

January 2010

Both countries confirmed the agreement, after finally finding common ground in the last remaining issue: financial services.

In the last negotiation round, which took place in Costa Rica from January 8th to 15th, both parties accorded all the texts of the treaty. The only issue remaining was a pending proposal related to investment services, which was solved later via phone communication between both Ministers.

IV Round of Costa Rica - Singapore FTA

January 2010

By the end of this fifth negotiation round, Costa Rica expects to gain market access for all the goods it requested.

The country wants access to the Singaporean market for agricultural products like coffee, fruits and vegetables, plus some agri-industial goods and prepared foods, explained Fernando Ocampo, chief Costa Rican negotiator.

Singapore Requests More Market Access to Costa Rica

September 2009

The Asian country is conditioning a non triangulation agreement requested by Costa Rica to larger market access for its products.

Costa Rica had initially offered tax free entry for 90% of the products.

"Singapore's interest is to increase sales of condensed milk, some plastics and juice from plants not grown in Costa Rica", reports Nacion.com. "The negotiating team must consult with the private sector".

Rules of Origin Key Topic in Costa Rica - Singapore FTA

August 2009

In the upcoming second round of negotiations, Costa Rica will seek to establish tight rules of origin for Singaporean products.

The idea is to prevent the Asian country from importing raw materials from other countries, processing them and exporting them to Costa Rica with Free Trade benefits, remarked Fernando Ocampo, chief negotiator for Costa Rica.

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