Friday 17 September 2021

Costa Rica-Colombia FTA to Take Effect

Paying the bills


500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of...

Covid-19 contagion rate drops, but hospitals still under pressure

QCOSTARICA - The contagion rate of covid-19 once again...

More than 1.1 million vaccines against covid-19 have been received so far in September

QCOSTARICA - With the arrival of 157,950 doses of...

Chile reopens borders to visitors ahead of summer tourism season

Q24N - SANTIAGO (Reuters) - Chile announced plans to...

Chile among the 5 countries that are opening up and living with Covid

Q REPORTS - London (CNN) - More than 18...

Why buy a flat in Dubai

Investing and getting a good income is one of...

Today’s Vehicle Restriction September 17: Plates ending in “9 & 0” CANNOT circulate

QCOSTARICA - For today, Friday, September 17, vehicles with...
Paying the bills


Tires are one of the main Costa Rica exports to Colombia.
Tires are one of the main Costa Rica exports to Colombia.

QCOSTARICA – Three years after being signed, Colombia’S Constitutional Court has approved the bilateral trade between Costa Rica and Colombia.

This was the last institutional step needed to for the Free Trade Agreement (Tratado de Libre Comercio – TLC in Spanish) between the two countries

- Advertisement -

The trade agreement between the two countries was signed in May 2013. By 2014 Costa Rica complied with the legal process for the placement of the FTA; however, it was pending approval of the Constitutional Court of Colombia, after the legislature gave its approval.

Alexander Mora, Ministerio de Comercio Exterior (Comex) – Minister of Foreign Trade, said the treaty will also facilitate the establishment of strategic alliances.

“This will provide in the short term a legal instrument with clear and transparent rules (…) Colombia represents a growing market, offering multiple opportunities and should be taken advantage by producers and exporters,” said the minister.

From a statement issued the Ministry of Commerce, Industry and Tourism in Colombia:

Positive news for the country, domestic industry and foreign trade, is how the Minister of Commerce, Industry and Tourism, Cecilia Alvarez-Correa, described the endorsement given by the Constitutional Court to the Free Trade Agreement with Costa Rica.

Nearly three years after signing (22 May 2013), and after approval by the Congress (June 2015) and the approval that has just been received from the Court, the Colombian Government will notify Costa Rica of the completion of these internal processes. 60 days after this notice, or when the parties to define a date, the FTA will enter into force.

- Advertisement -


Source: La Nacion, El Financerio, Central American Data

- Advertisement -
Paying the bills
"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

What’s the Mu variant? And will we keep seeing more concerning variants?

Q HEALTH - This week the World Health Organization named a...

U.S.-bound migrants fill Colombia town as COVID-19 border closures lifted

Q24N - NECOCLI, Colombia - After traveling for more than a...

Subscribe to our stories

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.