China, Costa Rica Hold
6th Round Of FTA Talks
China and Costa Rica held their sixth round
of talks on the Free Trade Agreement (FTA)
here on Monday.
During the three-day meeting, the two sides
will mainly discuss issues such as market
access, the rule of origin, and intellectual
property rights.
"We have agreed in more than 90 percent of
issues we talked in last five rounds of
negotiations. I think it is a substantial
progress," said Costa Rican External
Commerce Minister Marco Vinicio Ruiz at the
beginning of the talks.
Chinese Vice-Commerce Minister Yi Xiaozhun
said at the negotiations that the two
economies are complementary and have great
potential for further economic and trade
cooperation.
According to him, bilateral trade between
the two nations reached $2.89 billion and
$3.18 billion in 2008 and 2009,
respectively.
Bilateral trade has been growing fast since
the two nations established diplomatic
relations in June 2007. Costa Rica is now
one of China's important trade partners in
Central America while China is the second
largest trade partner of Costa Rica.
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