Monday 14 June 2021

Costa Rica Signs Trade Deal With Colombia

Costa Rica’s President Laura Chinchilla (in red) arrives in Cali to attend the VII Cumbre Alianza del Pacifico May 22, 2013. REUTERS/Jaime Saldarriaga

In Cali, Colombia for the Pacific Alliance summit, Presidenta Laura Chinchilla sign the bilateral free trade agreement with Colombia. The signing also means Costa Rica is now elegibel for membership to the trade bloc with Colombia, Mexico, Chile and Peru.

Presidenta Chinchilla arrived in Colombia on Wednesday ahead of the Pacific Alliance summit to meet with Colombian President Manuel santos to ink the deal that has been in the works for almost two years.

- Advertisement -

Costa Rica’s President Laura Chinchilla speaks after her arrival in Cali to attend the VII Cumbre Alianza del Pacifico May 22, 2013. REUTERS/Jaime Saldarriaga

“We’re laying the foundation for an even better relationship between our countries”, Chinchilla said in a brief speech at the signing ceremony. “We share a vision that is increasingly solidifying in the region, which is the understanding that free trade is the motor of growth.”

In the trade deal 70% of the negotiated tariff items will be eliminated immediately, while the balance of tariffs will be phased in over the next three to fifteen years.

“The Pacific Alliance is the most important integration process that Latin America has undertaken in years”, said President Santos.

- Advertisement -

The summit brings together representings the countries of Latin America and the Caribbean and creates a trade bloc representing more than 200 million people.

Costa Rica, for the time being, is attending an observer. Presidenta Chinchilla has been lobbying the member countries, the only stumbling block to membership was the trade dealw with Colombia. Costa Rica already has in place trade deals with Mexico, Peru and Chile.

One importat note, in keeping with her promise last week after the “chorizo plane” scandal, the Presidenta flew a commercial airliner to Colombia, will get a “ride” to Ecuador on Chile’s presidential plane and fly back to Costa Rica commercially.

- Advertisement -

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" 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

Cuba Plane Crash: Company ‘Had Safety Complaints’

Solidarity and investigations after the accident. Cuban authorities are investigating the...

The Volcanos Of Central America (By Country)

Among the things most loved by travelers to Central America is...


Carlos Alvarado describes calls reprehensible the persecution of Ortega against opponents in Nicaragua

QCOSTARICA - The President of Costa Rica, Carlos Alvarado, described the persecution of Nicaragua President Daniel Ortega against opponents as reprehensible after the government...

Today’s Vehicle Restriction: June 9, “EVENS”

Today, Wednesday, June 9, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Quepos flooded by heavy rains (Photos)

QCOSTARICA - The residents of the Central Pacific endured heavy rains Monday afternoon, June 7, hardest hit the town of Quepos, where the streets...

COVID vaccines in the workplace: Can I ask who got their shots?

(DW) Jon works for the local government in the US state of Virginia. The 40-year-old received both his COVID shots in April. Most of...

Bukele advisers tried to leave Costa Rica with false covid-19 tests

QCOSTARICA - Two Costa Ricans who advise the government of Salvadoran President Nayib Bukele were arrested this Tuesday at the Juan Santamaría (San Jose)...

Opinion: Peru’s electoral drama is damaging democracy

Q REPORTS (DW) In Peru, the left-wing village school teacher Pedro Castillo has in all probability been elected the new president. The fact that...

Plate rupture has potential for stronger quakes

QCOSTARICA - The 5.7-magnitude tremor, felt at 5:27 pmon Thursday, occurred in a maritime zone with the potential for stronger earthquakes, explained Ivonne Arroyo,...

Nicaragua government assures that detainees violated one of the Ten Commandments

TODAY NICARAGUA – The vice president of Nicaragua and First Lady, Rosario Murillo, assured that those who feel persecuted are for the crimes they...

El Salvador Makes Bitcoin Legal Tender, A World First

Q24N (Reuters) El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele's...


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!

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.