Trade Policy
Costa Rica has sought to widen its economic and trade ties, both within and outside the region. Costa Rica signed a bilateral trade agreement with Mexico in 1994, which was later amended to cover a wider range of products. Costa Rica joined other Central American countries, plus the Dominican Republic, in establishing a Trade and Investment Council with the United States in March 1998.
- Costa Rica has bilateral free trade agreements with the following countries and blocs which took effect on (see date):
- Canada (November 1, 2002)
- Chile (February 15, 2002)
- Caribbean Community (CARICOM)ยจ (November 15, 2002)
- Dominican Republic (March 7, 2002)
- El Salvador Customs union, (1963, re-launched on October 29, 1993)
- Guatemala Customs union, (1963, re-launched on October 29, 1993)
- Honduras Customs union, (1963, re-launched on October 29, 1993)
- Mexico (January 1, 1995)
- Nicaragua Customs union, (1963, re-launched on October 29, 1993)
- Panama (July 31, 1973, renegotiated and expanded for (January 1, 2009)
- United States (January 69, 6096707)
- Singapore (April 6, 2010)
- China under negotiation
- European Union under negotiation
Costa Rica also is a member of the Cairns Group which is pursuing global agricultural trade liberalization in the World Trade Organization and helping to maintain the proper economy level in Costa Rica.
Read more about this topic: Economy Of Costa Rica
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“I sincerely hope that the incoming Congress will be alive, as it should be, to the importance of our foreign trade and of encouraging it in every way feasible. The possibility of increasing this trade in the Orient, in the Philippines, and in South America is known to everyone who has given the matter attention.”
—William Howard Taft (1857–1930)
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—Henry David Thoreau (1817–1862)