Costa Rica - European Association FTA Approved

The Legislature has approved a Free Trade Agreement with the group made up of Iceland, Liechtenstein, Norway and Switzerland.

Wednesday, February 26, 2014

"The initiative states that another important aspect of the plan is that the EFTA countries are among the most developed in the world, as they have a high per capita income averaging $47,800 per year."

According to the Ministry of Foreign Trade (Comex): "... among the products which are most exported to the EFTA are coffee, palm oil, medical devices, veterinary products and cigarettes, while Costa Rican imports from that market consist mainly of drugs, antiserum, fertilizers, machines, and orthotics, among other things.

"Comex also noted that Foreign Direct Investment (FDI) that came from the EFTA countries reached an aggregate of $141 million over the past five years and was concentrated in the tourism sector, the main investors were Switzerland and Norway."

More on this topic

Costa Rica Approves FTA with South Korea

March 2019

Once the agreement approved by the Assembly enters into force, 80% of Costa Rican products will be able to enter the Korean market duty free.

The Free Trade Agreement between the Republic of Korea and the Republics of Central America was approved in the second debate, with 42 votes in favor.

Enactment of Honduras - Canada NAFTA Announced

June 2014

The Honduran government has reported that the agreement will take effect on October 1, and that it will be coordinating a visit by a group of Canadian companies in the country in the coming previous.

The Department of Economic Development told that "...The entry into force of the FTA between Honduras and Canada "has been set for October 1" after the two countries have "adopted the administrative regulations necessary at the level of customs and the formalities prescribed in the Treaty have been exhausted.' "

Costa Rica Approves FTA with Colombia

April 2014

The trade agreement excludes oil, some dairy and meat products, waffles, beer, gum, certain plastics, paper, cardboard and the metalworking sectors.

The agreement, which will come into effect when it gains legislative approval in Colombia, provides free instant access to Costa Rica for cocoa beans, refined salt, medicines, raw materials for the plastics industry, paper and textiles and plywood doors.

Presidential Candidate in Costa Rica: NO to Signing of FTAs

February 2014

While the outgoing administration rushes through entry to the Pacific Alliance, one of the two possible next presidents is opposed to new treaties.  

In a meeting with the Chamber of Exporters, Luis Guillermo Solís, presidential candidate of the Citizen Action Party, said that if he wins the Presidency of the Republic in April, he will slow the signing and negotiation of new FTAs.

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