Costa Rican Industrials and Peru FTA

Within negotiations framework on a possible FTA with Peru, the Industry Chamber of Costa Rica (ICRC) said the new trade agreements should be coupled with the strengthening of administration and promotion mechanisms in order to create potential opportunities for the industrial sector of Costa Rica.

Wednesday, January 19, 2011

Marco Meneses, President of the ICRC, stated the union´s position with respect to the round of FTA negotiations with the South American country, which are currently taking place in Panama, in a letter delivered to the Minister for Foreign Trade, Anabel Gonzalez, exhibited concern over the choice of partners enabling positive and mutually beneficial trading.

"We request for negotiations to respect sensitivities of companies and the enhancement of opportunities, so to have a positive balance in the relationships and for them to be of mutual benefit, but currently a lack of an export platform does not allow us to export even within existing agreements," said Meneses.

He further stressed that the country's trade strategy of insertion into the international economy by signing free trade agreements has had and will have a positive impact if it is done intelligently, gradually and selectively.

"Peru is an irrelevant trading export partner. In 2009 represented 0.40% of total exports and in 2010 these figures were reduced significantly after a modest growth since 2005, which had resulted in a positive balance in 2009 ", presented Meneses.

According to Foreign Trade Promoter (PROCOMER), domestic companies sold to Peru a total of $ 34.9 million in 2009, placing the country in the 26th place of export rankings considering export values, but in October 2010 this figure reached only $ 9.93 million, placing Peru at number 46 in the same ranking.

"At the Chamber we support the efforts of domestic firms exporting to Peru, but we believe that priorities in the trade agenda should be focused on consolidation of partners with whom we have agreements in place, and not try to erode the only protection mechanism with the productive sectors, which are tariffs in exchange for little-used preferences," said the Chamber´s chairman.



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Costa Rica Prepares to Conclude FTA Negotiations with Peru

April 2011

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.

Costa Rica: Request to Exclude Pasta and Meat from FTA with Peru

April 2011

Costa Rica's food industry chamber (Cacia in Spanish) feels that the Peruvian market does not offer favorable conditions for these products.

Cacia executive director, Mario Montero, commented that they will also be asking the Trade Ministry to exclude certain kinds of juice and alcoholic beverage.

Peruvian Companies Looking to Central America

April 2011

Looking to take advantage of the FTA being negotiated, Peruvian companies, mainly in the logistics sector, are hurrying up the process of setting up offices in the region.

Carlos Durand, president of the Lima Chamber of Commerce (CCL), said "Some Peruvian companies are beginning to see the Central American bloc, with which we are negotiating the trade agreement, as a next step for operational growth and positioning in foreign markets," reported Americaeconomia.com.

Third Round of Central America - Peru FTA Negotiation

February 2011

The third round of negotiations will take place form February 28 until March 4 in San José, Costa Rica.

The Costa Rican Deputy Minister of Foreign Trade commented they expect major advances in this round.

Costa Rica´s offer went from 52% of items readily available for Peruvian exports, to 65% for this week´s appointment, added the deputy minister.

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