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."
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 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.
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