Wednesday 06 June 2012
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Costa Rica - Colombia Free Trade Agreement Around the Corner

Colombia is next on the list of countries Costa Rica wants to negotiate a free trade agreement.

Presidenta Laura Chinchilla confirmed on Tuesday that the free trade will a topic of discussion with her Colombian counterpart, Juan Manuel Santos, when he visits next week.

The one day visit is scheduled for June 15

The presidenta is hopeful that a trade agreement with the South American nation will be quick, even finalized by the end of the year.

According to Chinchilla, the only key missing piece is Costa Rica entry into the Alianza del Pacífico (Pacific Alliance), where it now participates only as an observer.

The Alianza del Pacífico was formed in 2011 to promote growth, development and competitiveness among the member countries that includes Mexico, Chile, Colombia and Peru, which Costa Rica already has (save for waiting on legislative approval for Peru) trade agreements in place.



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