Costa Rica and Canada to expand trade agreement

June 18, 2012

Canada’s trade minister, Ed Fast, on Monday announced the successful conclusion of a fourth round of negotiations to modernize the Canada-Costa Rica Free Trade Agreement. Negotiations took place in San José last week.

“To create new opportunities for Canadian workers, businesses and investors, we are working closely with our Costa Rican partners to modernize our agreement by removing more barriers to trade,” Fast said.

The original Canada-Costa Rica Free Trade Agreement entered into force in 2002 but did not include provisions in such areas as cross-border trade in services, financial services, investment and government procurement. An expanded agreement will create new opportunities for Canadian businesses and provide them with a competitive edge in many sectors, including construction, manufacturing, financial services and telecommunications, officials said.

Since 2006, Canada’s two-way merchandise trade with Central America has risen by 16.7 percent. Costa Rica accounted for 11.8 percent of Canada’s two-way merchandise trade with Central America in 2011.

Facebook Comments

You may be interested

Nicaragua calls Carlos Alvarado’s statements “disrespectful” and “intruding”
News
628 views
News
628 views

Nicaragua calls Carlos Alvarado’s statements “disrespectful” and “intruding”

AFP / The Tico Times - October 16, 2018

The Nicaraguan government described statements by Costa Rican president Carlos Alvarado about Nicaragua's “internal affairs” as “disrespectful” and “intruding.” The…

Transformational travel in Costa Rica: Turning the flat world round
Costa Rica
572 views
Costa Rica
572 views

Transformational travel in Costa Rica: Turning the flat world round

Alissa Grosskopf - October 16, 2018

The sound of roaring water and the fear in my body drown out the encouraging shouts of my group behind…

Children: the future of shark protection
Changemakers
487 views
Changemakers
487 views

Children: the future of shark protection

Alissa Grosskopf - October 16, 2018

The nonprofit organization Misión Tiburón is strongly engaged in the protection of hammerhead sharks in Costa Rica. They hope to…