Costa Rica opens new Panama trade office ahead of free-trade accord

October 10, 2008

Costa Rica has opened a foreign trade office in Panama, marking a new chapter of commerce between the two nations that awaits the signature of President Oscar Arias.

The free-trade agreement won its second and final approval, unanimously, in Costa Rica´s Legislative Assembly on Tuesday night, and Arias is expected to sign the agreement sometime this week.

Panama is Costa Rica´s top trading partner in Central America, according to the Foreign Trade Promotion Office (PROCOMER), which inaugurated its Panama branch yesterday.

Exports to Costa Rica´s southern neighbor have increased 35.6 percent this year.

“What´s more, surely the growing commercial dynamism between both countries will increase with the opening of this promotion office and the signing of the (free-trade) treaty,” PROCOMER said in a press release.

The treaty, already ratified by Panama´s legislature, will allow 94 percent of Tico goods immediate, tariff-free access to the Panamanian market.

Facebook Comments

You may be interested

Off the eaten path: Bar y Restaurante Rio de Janeiro
Dining and Nightlife
147 views
Dining and Nightlife
147 views

Off the eaten path: Bar y Restaurante Rio de Janeiro

William Ayre - October 19, 2018

Apart from its name and a mural inside featuring the namesake city in Brazil, Rio de Janeiro is a very…

Buchón cantina: Spritz cocktails to dine for
Dining and Nightlife
929 views
Dining and Nightlife
929 views

Buchón cantina: Spritz cocktails to dine for

Natalia Díaz - October 18, 2018

Buchón was the first place I tasted the Aperol Spritz, months before it became fashionable around San José. In fact,…

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?
Tico Times Shade
3283 views
Tico Times Shade
3283 views

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?

Alejandro Zúñiga - October 18, 2018

It’s not often The Tico Times writes an explainer about basic Costa Rican daily living that’s equally surprising to a…