Costa Rica and Canada to Update FTA
By the end of the year the countries are scheduled to meet in order to include services, intellectual property and public sector contracts in their Free Trade Agreement (FTA).
Wednesday, August 25, 2010
These topics are not included in the current FTA negotiated in 1999 and in force until 2002 but are part of the DR-CAFTA.
Technical teams from Costa Rica and Canada will start the second round of negotiations this week in order to upgrade the FTA which has been in place since 2002.
The elimination of nontariff barriers is the main request being made by Costa Rican businessmen negotiating updates to the trade agreement.
Last week concluded the V round of the modernization process of the Free Trade Agreement between Costa Rica and Canada.
Although both parties have expressed interest in renewing the agreement negotiations have been stalled since May.
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