Costa Rica seeks FTA with China

The Minister of Foreign Trade is ready to negotiate an FTA with China as of the first quarter of 2009.

Tuesday, November 11, 2008

The Presidents of both countries will make the decision to negotiate the agreement when they meet next Monday in San Jose.

The Foreign Trade Minister, Marco Vinicio Ruiz, told the press on Monday during a seminar that "the Ministry has sufficient arguments on the need to negotiate an FTA with China and they're all positive"

More on this topic

New Round in Costa Rica - China FTA

December 2009

Six negotiation rounds have already taken place, and the last one has been scheduled for February 2010.

Marco Vinicio Ruiz, Commerce Minister, explained that this administration wants to conclude the process before the end of President Oscar Arias' term on May 2010.

From "'After the next round, the following step is the legal revision of the treaty, in order to sign it on March.

IV Round FTA China - Costa Rica in September

August 2009

In this negotiation round, the key topic is market access for products considered "sensitive".

In Beijing, from September 7th to 11th, negotiating teams from both countries will discuss special tariffs for specific products. It has already been agreed that 90% of the products will enter both markets tariff-free.

Costa Rica Industrials Oppose FTA with China

June 2009

Denouncing sanitary risks and a lack of quality control in Chinese production, they are asking for the adoption of a Partial Agreement Accord and not a FTA.

Executives from diverse business chambers exchanged strong words in the discussion on this issue. In a press conference where the presidents of various industry chambers were present, including from the Cámara de Industrias de Costa Rica (CICR), Cámara Costarricense de la Industria Alimentaria (CACIA), Asociación Costarricense de la Industria Plástica, Asociación de la Metalurgia, and Asociación de la Industria Gráfica, “they denounced that the Department of Foreign Trade (Comex) did not address their requests or concerns despite that they have made their concerns known on various occasions."

China Demands Better FTA Offer

June 2009

Costa Rica is offering to free a 70% of all tariffs while China demands an offer similar to theirs, which is 95%.

The new offer from Costa Rica does not include the most sensitive products for China. Likewise, the proposal from the Asian country does not include the products of greatest interest to Costa Rica, like sugar, meats, and coffee. However, China does offer an opening of 94.5% of the tariff lines.

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