The Costa Rican government will try a second time to renegotiate the terms of the free trade agreement with Canada to include services in the list of sectors with preferences.
The FTA was signed 12 years ago, therefore the government of Costa Rica considers it necessary to revise and update it with the idea of emulating the models of recent agreements made with Europe and other countries.
Last week concluded the V round of the modernization process of the Free Trade Agreement between Costa Rica and Canada.
A press release from the Ministry of Foreign Trade of Costa Rica reads:
Modernization of Costa Rica and Canada FTA enters its final stage.
San Jose, September 3, 2012. Friday saw the conclusion of the V round of the modernization process for the Free Trade Agreement between Costa Rica and Canada.
The countries have begun the fourth round of negotiations in the modernization of the existing free trade agreement between the two countries.
From a press release from the Costa Rican Ministry of Foreign Trade:
San Jose, June 11, 2012. Costa Rica and Canada began today in San Jose, the fourth round of negotiations in the modernization of the existing free trade agreement between the two countries.
Costa Rica has emphasized the importance of achieving preferential access for exports from free zones and having more flexible rules of origin for textiles.
From a press release from the Ministry of Foreign Trade of Costa Rica:
Ottawa, April 20, 2012. The third round of negotiations of the modernization process of the Free Trade Agreement with Canada ended today.