Costa Rica to negotiate FTA with Singapore
On Tuesday, Costa Rican President Oscar Arias and his counterpart, President Sellapan Rama Nathan of Singapore agreed to start the process, during a visit the Asian country.
Tuesday, December 2, 2008
An agreement with Singapore has been rumored for some months now, ever since the Minister of Foreign Trade (Comex), Marco Vinicio Ruiz, spoke of the possibility. However no government official had spoken of this formally.
Both countries confirmed the agreement, after finally finding common ground in the last remaining issue: financial services.
Progress was made in access to markets and rules of origin, topics of great importance to define the specific goods each side will offer.
On April 20th in Singapore, the first round of negotiations for the free trade agreement is anticipated.
The strategy for entering the Asian market will start in 2009 with the negotiation of FTAs with China and Singapore, with the expectation of completing them before Mayo 2010.
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