Costa Rica - Singapore FTA Round Takes Off

From Monday, April 20 to Wednesday, April 22, the first round of negotiations for the FTA will take place in Singapore.

Tuesday, April 21, 2009

By this being the first round of negotiations, "the countries will hold an initial exchange of preliminary views, interests and objectives for the negotiation," said Fernando Ocampo, chief negotiator for Costa Rica, to Elfinancierocr.com.

Among the topics handled on the first day were market access, customs procedures, services and technical barriers to trade.

In this round, the countries need to define work structure and methodology, and a schedule of possible dates for the following rounds."

More on this topic

Costa Rica and Singapore Close FTA Negotiations

January 2010

Both countries confirmed the agreement, after finally finding common ground in the last remaining issue: financial services.

In the last negotiation round, which took place in Costa Rica from January 8th to 15th, both parties accorded all the texts of the treaty. The only issue remaining was a pending proposal related to investment services, which was solved later via phone communication between both Ministers.

Costa Rica and Singapore Conclude FTA Negotiations

January 2010

In the fifth and final round of negotiations, Costa Rica secured zero tariffs for all 6.550 product lines.

Singapore achieved 90% immediately and 10% in 10 years.

Elfinancierocr.com reports: "Costa Rica insisted in tight rules of origin, specially for products like coffee and milk, in order to prevent third countries from benefiting from the treaty".

Rules of Origin Key Topic in Costa Rica - Singapore FTA

August 2009

In the upcoming second round of negotiations, Costa Rica will seek to establish tight rules of origin for Singaporean products.

The idea is to prevent the Asian country from importing raw materials from other countries, processing them and exporting them to Costa Rica with Free Trade benefits, remarked Fernando Ocampo, chief negotiator for Costa Rica.

Costa Rica Initiates TLC Negotiations with Singapore

February 2009

On April 20th in Singapore, the first round of negotiations for the free trade agreement is anticipated.

Mipunto.com publishes: "For the head of COMEX (Ministry of Commerce), Singapur is 'a market that offers important possibilities for our productive sectors, because it imports most of its materials and offers interesting opportunities in services, innovation and technology'."

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