Quick progress at Costa Rica - China FTA round of negotiations

The countries agreed to immediately eliminate tariffs for a certain group of products when the FTA comes into effect and established a term of 5 or 10 years for others.

Thursday, January 22, 2009

Nacion.com reports on its website: "The fourth segment or 'basket' of products will be the most difficult to negotiate. In this case terms greater than 10 years will be established, or quotas or contingencies or other possibilities on a case by case basis.

More on this topic

Costa Rica Closes FTA with China

February 2010

China granted Costa Rica immediate, tariff free access for the products which compose 99.6% of the value of Costa Rican exports (A Category).

For 0.10%, tariffs will be waived gradually (B Category), 0.19% in 10 years (C Category), 0.05% in 15 years (D Category), and just 0.01% will continue paying the current tariff.

Costa Rican Meat Requests Access to China

November 2009

This was announced in the fifth negotiation round for a Free Trade Agreement between both countries.

Costa Rica's negotiators requested immediate, tariff free entrance for chicken, beef and pork.

Fernando Ocampo, Costa Rican chief negotiator, remarked that "... getting access to China for our meats will be difficult, but we will insist.

Costa Rica: Few Exclusions in China FTA

September 2009

The country would request excluding products from the Free Trade Agreement only in very justifiable cases.

Local industrialists requested to exclude products which already have no tariff and are not produced in the country. In response, Commerce Minister Marco Vinicio Ruiz argued that it's very complicated to explain the Chinese as to why such exclusions.

China Unhappy with Costa Rican Proposal

April 2009

The opening bid submitted offers of only 53% of tariffs in terms of 0 to 10 years.

The proposal leaves the other 47% of the goods pending for future rounds of negotiations.

China’s offer will be released today.

The Prensa Libre website published: "The head of trade negotiations, Fernando Ocampo, acknowledged that this is part of the discussion strategy, but we must be realistic and know that the offer is very conservative and that the Asians would ask for a little more."

 close (x)

Receive more news about International Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


USA Company looking for Oil Lubricant Distributors

OEHC Lubricants cover the automotive, maritime, heavy equipment, industrial, agriculture sector and greases.
Berkol International is a USA company that exports high...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 25)
Brent Crude Oil
76.26
Coffee "C"
122.65
Gold
1,300
Silver
16.460