Trade Between Panama and Costa Rica Grows
Exports from Panama to Costa Rica increased by 36.1% during the first half of 2008 when compared with the previous year.
Tuesday, April 14, 2009
The entry into force of the Free Trade Agreement between Costa Rica and Panama in January 2009 cleared 90.3% of the tariffs on bilateral trade, according to Leroy Sheffer, director of Negotiations of the Ministry of Commerce and Industry of Panama, in an article in Pa-digital.com.
Preferential access to Costa Rica for Colombian products and services becomes relevant when we take into account that in the Central American country purchasing power is 20% higher than in Colombia.
A year after the Free Trade Agreement between the two countries took effect, commercial trade increased by 40%.
Important progress was made in negotiations for goods and access of service providers and investors of both countries.
Panama and Canada are to hold a second round of exploratory talks with a view to signing a free trade agreement, the Panamanian negotiator Leroy Sheffer said.
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