Costa Rican products are now being sold not only in supermarkets and stores in the Peruvian capital but throughout the country.
Now with the entry into force of the trade agreement between the two nations, many others want to achieve the same goal of enjoying the benefits of free trade. Juices for children, polyethylene foam packaging materials and thermal insulation are some of the products that are sent to the South American nation.
Both countries have complied with the legal procedures for the entry into force of the trade agreement.
From a press release from the Ministry of Foreign Trade of Costa Rica (COMEX):
Today saw the exchange of notifications between Costa Rica and Peru, which confirmed mutual compliance with the legal procedures for the entry into force of the Free Trade agreement between Costa Rica and Peru, signed in the city of San Jose, Costa Rica, on May 26, 2011.
Meat, heart of palm, palm oil, chocolate and cocoa products, and tea produced in Costa Rica, will have preferential access to the Peruvian market.
From a statement by the Ministry of Foreign Trade:
Legislature Passes FTA with Peru
San Jose, April 22, 2013. This afternoon the Legislative Assembly approved, on its second reading, the Free Trade Agreement between Costa Rica and Peru. This FTA has a great future for Costa Rican SMEs, opening up a market of 30 million people, with growing purchasing power, having consolidated transportation routes and where there is shared language and customs.
Plants and establishments producing beef in Costa Rica, are being inspected as a requirement before the opening of the Peruvian market for this product.
From Monday 18 to Friday 22, the technical mission from the South American country, will be inspecting establishments such as Visión Comercial, Coopemontecillos, Ganaderos Industriales de Costa Rica and Frionet. The review is part of the certification process to exportbeef to that country.
Employers in Peru and Costa Rica will explore potential business in the areas of food, clothing, cosmetics, foodstuffs, lubricants and paints.
Businesses can not wait, and even though a free trade agreement with Peru is still passes through the bureaucratic cliques of the Legislative Assembly of the Central American country, Peruvian entrepreneurs have taken the initiative and organized a business meeting with colleagues from Costa Rica.
The chambers of agriculture, industry and exporters consider the results of the FTA negotiations with Peru positive.
For its part, the Costa Rican Chamber of Food Industry (CACIA) in a press release reaffirmed "its cautious position regarding free trade agreements, because many still think it prudent to observe how they move forward on issues that are closely related to the trade administration .
In the Peruvian capital, the negotiating teams of both countries have concluded negotiations for a free trade agreement.
"This is a treaty of great renown for small and medium enterprises because it opens up a market of 30 million people with increasing purchasing power, Peru will grow by 7.5% this year – it is a nearby country with good transportation routes and which shares the same language and customs, " said the Minister of Foreign Trade, Anabel González.
Monday May 2 in Lima will see the beginning of the fourth and final round of negotiations on the free trade agreement (FTA) with Peru
In this round, Costa Rica will define its position on outstanding issues in the field of access of goods to the market and specific rules of origin.
"Peru represents for our country a market of close to 30 million people, almost six times that of Costa Rica and the negotiation of a free trade agreement aims to consolidate, expand and improve access of Costa Rican exports, creating a legal framework with clear rules, which is both stable and transparent, promoting competition by improving productivity and competitiveness of goods and services, establishing effective and transparent procedures for settling trade disputes, as well as creating an environment conducive to domestic and foreign investment " said the Minister of Foreign Trade for Costa Rica, Anabel Gonzalez, who will head the delegation of this country.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...