Costa Rica is Canada`s largest trading partner in Central America.5 In 2018, Canada exported some $164 million in goods to Costa Rica and imported approximately $519 million.6 promote regional integration with an instrument that will contribute to the establishment of the U.S. Free Trade Area (FTAA), Canada`s 5th Government, a) establish a free trade area in accordance with the agreement; Canada`s current Minister of International Trade, Ed Fast, said last Friday that the fourth round of talks on the expansion and modernization of the CCRFTA was over. The current agreement appears to be lacking in areas such as public procurement, financial services and investment. Canada believes that modernizing the free trade agreement will help Canadian businesses. (d) removing barriers to trade in goods and services between the territories of Canada and Costa Rica and facilitating cross-border trade in goods and services; Contributing to the harmonious development and expansion of world and regional trade and a catalyst for greater international cooperation, trade increased by 36% in the first three years of the agreement (from US$324 million to US$440 million). [2] b) by adding, in numerical order, the tariff positions defined in Schedule 3 of this Act. (f) facilitating trade in services and investment to develop and deepen Canada`s and Costa Rica relations under the agreement; (b) the exemption of oil or gas exported to a NAFTA country within the meaning of Section 2, paragraph 1, of the North American Free Trade Agreement Implementation Act, in Chile or Costa Rica, or any quality, type or category of that oil or gas or such services relating to this type of provision covered by point a). If you have any questions or comments on this free trade agreement or on environmental and labour cooperation agreements, we would like to hear from you. Please contact Global Affairs Canada at: It has been proposed to model the Free Trade Area of the Americas according to the CCRFTA. [3] Canada and Costa Rica have a close and varied bilateral relationship. The two countries share similar views on regional and international issues raised by multilateral institutions in many areas, including human rights, the rule of law, security and free trade.

The entry into force of the Canada-Costa Rica Free Trade Agreement (CCRFTA) in November 2002 allowed the development of trade relations between the two countries. At that time, parallel agreements on the environment and labour cooperation were signed. One of the main objectives of ccRFTA is to create new business opportunities for our respective countries. (b) may only take place after the seven-year date following the entry into force of this subsection if it is based on an agreement between the Government of Canada and the Government of the Republic of Costa Rica regarding the application of the subsection (2). Now that the Canadian government is convinced that Costa Rica has eliminated business tax exemptions and other export subsidies, the regulations have been repealed and products of origin that were previously exempt from them can now benefit from preferential tariff treatment.