in

Costa Rica to Start Trade Talks With Korea, Colombia in 2012

Costa Rica plans to start negotiating free trade agreements with South Korea and Colombia this year and complete an accord with members of the European Free Trade Area by October, the country’s trade minister said.

South Korea and Colombia “have presented a feasibility study and we are basically waiting for Korea to be ready,” Anabel Gonzalez said in an interview at a conference in Doha, Qatar. “I hope again that we can launch negotiations around the middle of this year and the same with Colombia.”

Central America’s second-biggest economy has completed two rounds of negotiations with the European Free Trade Area, comprising Iceland, Norway, Switzerland and Lichtenstein, she said. The next round is scheduled for June.

Costa Rica has opened its economy to foreign investment and pursued trade agreements with countries including the U.S., Canada and the European Union. Last year, President Laura Chinchilla signed a free trade accord with China.

Foreign direct investment in Costa Rica rose 52 percent to a record $1.56 billion in the first nine months of 2011 on increased spending by technology and telecommunications companies. The country counts as investors U.S. corporations such as Intel Corp., International Business Machines Corp. and Hewlett-Packard Co., which have manufacturing and service units in the country.

Since you’re here …

… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter.
If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.

Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!