IV Round FTA China - Costa Rica in September
In this negotiation round, the key topic is market access for products considered "sensitive".
Monday, August 31, 2009
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.
The Minister of Foreign Trade is ready to negotiate an FTA with China as of the first quarter of 2009.
Six negotiation rounds have already taken place, and the last one has been scheduled for February 2010.
Costa Rica is demanding a mechanism from China that will allow increased tariffs on a product when national activity is threatened.
Costa Rica is offering to free a 70% of all tariffs while China demands an offer similar to theirs, which is 95%.
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