Singapore Requests More Market Access to Costa Rica

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

Friday, September 4, 2009

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".

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".

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.

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.

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