Sunday, July 3, 2022

Costa Rica to Start Trade Talks With Korea, Colombia in 2012

Costa Rica plans to start negotiating free trade agreements with South Korea and Colombia this year and complete an accord with members of the European Free Trade Area by October, the country’s trade minister said.

South Korea and Colombia “have presented a feasibility study and we are basically waiting for Korea to be ready,” Anabel Gonzalez said in an interview at a conference in Doha, Qatar. “I hope again that we can launch negotiations around the middle of this year and the same with Colombia.”

Central America’s second-biggest economy has completed two rounds of negotiations with the European Free Trade Area, comprising Iceland, Norway, Switzerland and Lichtenstein, she said. The next round is scheduled for June.

- Advertisement -

Costa Rica has opened its economy to foreign investment and pursued trade agreements with countries including the U.S., Canada and the European Union. Last year, President Laura Chinchilla signed a free trade accord with China.

Foreign direct investment in Costa Rica rose 52 percent to a record $1.56 billion in the first nine months of 2011 on increased spending by technology and telecommunications companies. The country counts as investors U.S. corporations such as Intel Corp., International Business Machines Corp. and Hewlett-Packard Co., which have manufacturing and service units in the country.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Rico
"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!

Related Articles

What you should know about the visa to enter Europe from 2023

Q TRAVEL - Citizens of at least 60 countries traveling to...

Pandemic generated the loss of 25 million jobs in Latin America

Q24N (EFE) The covid-19 pandemic generated the loss of 25 million...
- paying the bills -

MOST READ

- paying the bills -

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!