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.
The announcement was made by both leaders on the first day of the Arias' visit to Singapore. In a press release from the Presidential House, it was said that the Prime Minister of Singapore, Lee Hsien Loong, was very pleased with the negotiations.
"This will be a way of drawing the economies of Singapore and Costa Rica closer together. Both countries are seeking trade and investment with other countries. Singapore enjoys good relations with Asia and is interested in...

More on this topic

Costa Rica Initiates TLC Negotiations with Singapore

February 2009

On April 20th in Singapore, the first round of negotiations for the free trade agreement is anticipated. publishes: "For the head of COMEX (Ministry of Commerce), Singapur is 'a market that offers important possibilities for our productive sectors, because it imports most of its materials and offers interesting opportunities in services, innovation and technology'."

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.

Virtual Round With Singapore Finishes

August 2009

Progress was made in access to markets and rules of origin, topics of great importance to define the specific goods each side will offer.

The II Negotiation Round for the Free Trade Agreement between Costa Rica and Singapore concluded yesterday, after six days of video conferences.

Costa Rica fine tunes commercial strategy for Asia

December 2008

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.

"The first round with China will be held on January 19, and will be an important investment opportunity, while with Singapore it will be a parallel process with a partner that could draw us closer to other countries in the region, such as Malaysia and Thailand," indicated the Minister of Foreign Trade, Marco Vinicio Ruiz.

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