Rules of Origin Key Topic in Costa Rica - Singapore FTA

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

Tuesday, August 11, 2009

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.

"He added that the Asian nation does not impose any risk as a partner, and this has been echoed by several productive sectors involved in the consultation process", reported newspaper La Prensa Libre.



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More on this topic

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".

IV Round of Costa Rica - Singapore FTA

January 2010

By the end of this fifth negotiation round, Costa Rica expects to gain market access for all the goods it requested.

The country wants access to the Singaporean market for agricultural products like coffee, fruits and vegetables, plus some agri-industial goods and prepared foods, explained Fernando Ocampo, chief Costa Rican negotiator.

Singapore Requests More Market Access to Costa Rica

September 2009

The Asian country is conditioning a non triangulation agreement requested by Costa Rica to larger market access for its products.

Costa Rica had initially offered tax free entry for 90% of the products.

"Singapore's interest is to increase sales of condensed milk, some plastics and juice from plants not grown in Costa Rica", reports Nacion.com. "The negotiating team must consult with the private sector".

Costa Rica - Singapore FTA Moves Forward

August 2009

In the second negotiation round, to be held early September, the first regulation agreements are expected.

Much progress has been done on the regulation texts and the general framework for several chapters, so Costa Rica is expecting to close several of these in the upcoming negotiation round, to be held in Singapore on September the 2nd.

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