Follow us on twitter   |   Join our Facebook page  

 


HOME
Where it all begins!
 
 

Google
    Stay in Touch with the rental of GSM & 3G Phones, Data & SIM Cards in Costa Rica! | Get Inside Costa Rica In Your Email Daily. Click here!

INSIDECOSTARICA.COM | COSTA RICA  NEWS |        Saturday 30 July 2011


China, Costa Rica Free Trade Agreement Takes Effect On Aug. 1

The Free Trade Agreement (FTA) between Costa Rica and China, the first such pact inked between China and a Central American country, will enter into force on Aug. 1, Foreign Trade Minister Anabel Gonzalez said Friday.

Both sides have completed the necessary procedures exchanged all the diplomatic notes, the Foreign Trade Ministry said in a statement.

After it takes effect, the FTA will enable 99.6% of the Costa Rican exports to China to enter the market duty-free. These include products such as tilapia fish, shrimp, flowers, ornamental plants, cocoa, yucca, chocolates and palm heart, the statement said.

The FTA was approved by the Costa Rican parliament on May 31 and signed by presidenta Laura Chinchilla on June 13.

Gonzalez said China would bring many opportunities to Costa Rica and the country should seek benefits and make efforts to promote its exports to China.

"China is Costa Rica's second largest export market in the world after the United States, with economic growth higher than 9% and an increasing consumption capacity and diversified tastes and preferences. It will mean great opportunities for our country," Gonzalez said in the statement.

Costa Rica's Foreign Trade Promotion Office is running a program to provide Costa Rican entrepreneurs with necessary tools, knowledge and contacts to help them do business efficiently in China, Gonzalez said.

Costa Rica is China's largest trading partner in Central America. According to official figures from China, bilateral trade between Costa Rica and China reached su$3.79 billion. dollars last year.

 

 

 
 
 
AvenidaClassifieds
Buy, sell, rent & trade
anything in Costa Rica for FREE!

Click here!
 
 


 

 
Costa Rica's Daily English News Source
Apdo. 2133-1000, San Josť, Costa Rica
Tel: (506) 2231 3205 / (506) 8399 9642 
Fax: (506) 2232 6337

 
 

Follow us on twitter  

 Join our Facebook page
 

 

Insidecostarica is an independent news media portal featuring news of Costa Rica, Central America, Latin America and other wonderful and weird stuff.  External links are provided for reference purposes. Insidecostarica.com is not responsible for the content of the external sites.

If you need more information or to provide recommendations, write to editor@insidecostarica.com
 

InsideGuanacaste  |  InsideNicaragua  |  InsideCuba  |  InsideColombia