Costa Rica and Panama to Negotiate FTA with Korea in 2011

By the middle of 2011 both countries plan to start negotiations.

Tuesday, November 2, 2010

The Minister of Foreign Trade of Costa Rica, Anabel Gonzalez, said that during her visit to South Korea discussions on details to start negotiating next year will be addressed.

"The goal is for the negotiating process to move forward, according to Gonzalez, so to sign the trade agreement in 2012 year in which 50 years of diplomatic relations with South Korea are celebrated," said La Prensa Libre on its website.

More on this topic

Costa Rica and Panama Begin FTA Consultation with South Korea

July 2010

In the coming days both nations will start the exchange of information with a view to beginning Free Trade Agreement negotiations with South Korea.

Costa Rica’s Minister for Foreign Trade, Anabel González, indicated that the preliminary studies will enable both countries to identify the most important sectors.

Panama and Costa Rica to negotiate FTAs with South Korea

July 2011

Panamanian authorities have now carried out a feasibility study and will start negotiations in 2012.

Once it enters the Central American Integration System, Panama will start analyzing a possible free trade agreement with South Korea, which it would address together with Costa Rica.

Costa Rica: Study Recommends Negotiating FTA with Korea

August 2011

An analysis of the production and export structure of both countries reveals complementarities between economies, ideal conditions for a trade negotiation.

COMEX Director General, Federico Valerio, presented the results of the study during a seminar on "Diversifying in Asia: an approach to South Korea, the largest Asian tiger", organized by the Foreign Trade Corporation.

Panama and Costa Rica will Negotiate FTA With South Korea

June 2010

The president of South Korea expressed his intention of negotiating a Free Trade Agreement with the Costa Rica - Panama block.

This announcement was made by Costa Rican president Laura Chinchilla, after holding a meeting with Lee Myung-bak, president of South Korea.

Nacion.com reported that “the president explained her Asian counterpart that in other occasions, the country started FTA negotiation processes to which other nations joined later”.

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