Third FTA Round Between China and Costa Rica Begins

In the third round that begins today, Costa Rica seeks to negotiate an agreement that would impede excessive importing of products from China.

Monday, June 15, 2009

With that end in mind, a special safeguard, which could be activated quickly to raise tariffs in the case of excessive imports, is proposed.

Fernando Ocampo, the lead FTA negotiator for Costa Rica, informed Nacion.com: “...a safeguard with the characteristics that Costa Rica requests is a better defense for the majority of sectors that include tariff protections. This defense would ensure that almost no sector would have to be excluded from the FTA with China, and it would expand the final coverage of the agreement."



Market Intelligence

Everything about exports and imports in Costa Rica.

Top companies - Quantities, amounts and prices.

more info

More on this topic

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.

Costa Rican Businesses Prepare for the Chinese Market

February 2009

Various economic sectors of Costa Rica are working to obtain preferential consideration in the Free Trade Agreement with China.

As an example, Florida Ice & Farm, which is already exporting its Imperial beer to the Asian country free of tariffs, wants that this preference to be consolidated into the Free Trade Agreement.

Fourth Round of China - Costa Rica FTA Begins

September 2009

Costa Rica will request greater access for 'special interest' products like meat, sugar and coffee.

Accordingly, it will ask China to define what 'special interest' products it will include in the negotiation.

Fernando Ocampo, chief negotiator for Costa Rica, said that "...after those two topics are solved, the process will be almost 'ready for closing'".

Costa Rica Seeks Protection Mechanism in FTA with China

April 2009

Costa Rica is demanding a mechanism from China that will allow increased tariffs on a product when national activity is threatened.

Fernando Ocampo, chief negotiator for Costa Rica, told nacion.com about the characteristics of the mechanism: "It is a special volume safeguard that can be activated each year when imports from China exceed a certain volume.

 close (x)

Receive more news about Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Automotive and Industrial Oil Lubricants

OEHC Lubricantes cover the automotive, maritime, heavy equipment, industrial, agriculture sector and greases.
Minimum quantity one 40 FT Container (96 drums of 55 Gal...

Stock Indexes

(Mar 23)
Dow Jones
-0.02%
S&P 500
-0.11%
Nasdaq
-0.07%

Commodities

(Mar 24)
Brent Crude Oil
50.84
Coffee "C"
142.40
Gold
1,244
Silver
17.550