Tariff elimination between Costa Rica and Panama
Starting January 1, the tariff benefits agreed to in the FTA that came into effect in November will be applied to products from both countries.
Wednesday, December 31, 2008
Reports from nacion.com say "that according to the Minister of Foreign Trade in Costa Rica, Marco Vinicio Ruiz, this was agreed to in the internal rules of the trade agreement.
Costa Rica legislators should approve the agreement this week at the latest after the second debate on the commercial agreement with Panama.
The elimination or reduction of tariffs for exports to the Panama market under the FTA will be a big help to ease the crisis in 2009.
The Constitutional Court endorsed the FTA with Panama after finding no conflicts with the Constitution; the project will be voted on in Congress in the next few days.
Eleven months after it was signed, Costa Rica legislators will push the government to put the send the agreement to the Congress for debate during the month of August so that it can coming into force by the end of October.
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