Monday 16 May 2022

Costa Rica – Colombia Free Trade Deal Done

Paying the bills

Latest

A King and Two Presidents

TODAY COSTA RICA - The weekend (May 7 and...

Government plans to borrow US$200M to subsidize bus tickets

QCOSTARICA - Due to the high cost of fuels,...

“Eliminating the mask was not a populist decision”: Joselyn Chacón, New Minister of Health

QCOSTARICA - Within days of the Health portfolio, Joselyn...

Abra Group to own Avianca & GOL

QCOSTARICA - Two of Latin America’s biggest airlines, Avianca...

Inauguration Day, Costa Rica 2022  

This page has been replaced with A King and...

Arrested suspect of raping two tourists in Manuel Antonio

QCOSTARICA - A 28-year-old man was arrested Friday afternoon,...

Pedestrian bridge falls on Circunvalación due to impact of crane

QCOSTARICA - It was about 4:00 pm on Saturday...

Dollar Exchange

¢667.59 Buy

¢675.28 small> Sell

14 May 2022 - At The Banks - BCCR

Paying the bills

Share

Costa Rica and Colombia inked a Tratado de Libre Comercio (TLC) – Free Trade Deal – which will see 70% of the products traded in the form of free trade when the agreement enters into force.

140870_costarica-colombia-gAnother 26% of the products will have their tariffs and taxes eliminated between three and 15 years. The remaining 4% that includes items like oils, some milk and meat products, beers, chewing gum and some plastics are excluded from the free trade.

Fernando Ocampo, Costa Rica’s chief negotiator, said that products such as medicine, tires, some plastics, frozen bread, cookies, flavoured alcoholic beverages and batteries from Colombia, become tax exempt immediately.

- Advertisement -

A complete list of exempt products and products and their scheduled exemption will be released to the press in the coming weeks.

Costa Rica’s Foreign Trade Minister, Anabel Gonzalez, and her Colombian counterpart, Sergio Días Granados, signed on Friday an agreement declaring the end of the talks.

The final agreement will be signed by the respective presidents on May 23, 2013, while attending the Pacific Alliance summit to be held in the Colombian city of Cali.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.