COSTA RICA CELEBRATES THE SIGNING OF THE CENTRAL
AMERICA – SOUTH KOREA FREE TRADE AGREEMENT (FTA)
The Embassy of Costa Rica in Korea participated in the signing
ceremony of the Central America – South Korea Free Trade
Agreement (FTA) that took place on Wednesday, February 21st, in Seoul.
South Korea Trade Minister Kim Hyun-chong (third from left) joins
to a signing ceremony between the Republic of Korea
& Central South American countries regarding their joint FTA.
(Courtesy: Embassy of Costa Rica)
Costa Rica´s Minister of Foreign Trade and President Pro Tempore of
the Council of Ministers for Economic Integration (COMIECO),
Mr. Alexander Mora Delgado, his counterparts from El Salvador,
Guatemala, Honduras, Nicaragua and Panama, and the Trade
Minister of the Ministry of Trade, Industry, and Energy
(MOTIE), Mr. Hyun Chong KIM, signed this important free
trade agreement that seeks to boost market access of Central
American goods in Korea as well as to increase South
Korean exports in the region.
Since the official announcement of the beginning of trade
negotiations in June 2015, and the political support reinforced
by President Luis Guillermo Solís Rivera during his Official
Visit to Korea in October 2016, this historic instrument of trade
promotion and foreign investment between Costa Rica and
Korea is a now a reality. This signing accomplishes the third
strategic objective of the Embassy of Costa Rica in Korea,
being the first two: 1) Elevating the diplomatic relations
between our nations to a “Comprehensive Cooperation
Partnership” and 2) Construction of a new model of
cooperation for upper middle-income countries.
The Minister of Foreign Trade, Mr. Alexander Mora, has
reaffirmed that Korea is a strategic partner and friend of
Costa Rica, highlighting that this modern treaty includes
regulations on topics of great relevance to Costa Rica, such
as supporting micro, small and medium enterprises, the
promotion of a positive business climate, the improvement
of the sanitary and phytosanitary framework to facilitate
trade, and the exchange of information.
“We are confident that this FTA will allow the Republic of
Costa Rica and the Republic of Korea to improve their
economic and commercial development, by taking into
account their competitive advantages and the complementarities
of their economies”, declared Ambassador of Costa Rica to
Korea, Rodolfo Solano Quirós.