Costa Rica sees big opportunities in FTA with Panama

The elimination or reduction of tariffs for exports to the Panama market under the FTA will be a big help to ease the crisis in 2009.

Monday, December 8, 2008

Practically all sectors have opportunities in the market, representatives of the various chambers all agreed in separate declarations.

The Treaty with Panama came into effect on November 23, but only partially, because the part concerning the removal of tariffs and rules of origin will come into effect starting January 1.

More on this topic

Costa Rica: Exporters Do Not Achieve Expected Goals

June 2009

The expected growth projections for Panama that emerged after the ratification of NAFTA have not been achieved.

The vice president of the Chamber of Costa Rican Exporters (Cadexco), Sergio Navas, attributed one of the causes to the economic crisis but he also recognized that they should improve logistics systems.

Tariff elimination between Costa Rica and Panama

December 2008

Starting January 1, the tariff benefits agreed to in the FTA that came into effect in November will be applied to products from both countries.

Reports from say "that according to the Minister of Foreign Trade in Costa Rica, Marco Vinicio Ruiz, this was agreed to in the internal rules of the trade agreement.

FTA between Costa Rica and Panama near completion

October 2008

Costa Rica legislators should approve the agreement this week at the latest after the second debate on the commercial agreement with Panama.

Congress received the ruling from the Constitutional Court which declares that the treaty does not contain any illegalities.
The agreement has the support of all the parties in the Congress, hence its approval should be quick.

Costa Rica approves FTA with Panama in first debate

August 2008

Legislators have to ratify the decision in a second round of voting once the period of ordinary sessions start next week.

The agreement signed by both countries in September 2007 came in to effect for the Panamanians last December, hence the Costa Rican productive sectors have been pressuring Congress to approve the agreement.

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