Government officials say they are looking for agreements with countries that fulfill certain import needs and provide key export opportunities for Costa Rica.
In the past two years, Costa Rica approved a free trade agreement with China and entered into negotiations with the European Union, among others.
Costa Rica proposed many years ago to diversify its export destinations, and these free trade agreements help us quite a bit. They’re very valuable tools for us, not only for increasing exports, but also for expanding the reach of our country’s products.
COSTA RICA’S FREE TRADE AGREEMENTS
APPROVED
CAFTA (Dominican Republic – Central America – United States)
Costa Rica approved the controversial Central America-U.S. Free Trade Agreement (better known as CAFTA) long after other countries in the region. The agreement barely survived a public referendum on Oct. 7, 2007, and went into effect in late December of the same year. The U.S. is Costa Rica’s biggest trade partner.
