[Costa Rica] Request to join Trans-Pacific Partnership Agreement

The President of Costa Rica, Rodrigo Chaves, has announced that the country will request to join the Trans-Pacific Partnership Agreement, with the intention of attracting foreign direct investment and creating more jobs, The Costa Rica News reports.

In a press conference after the Governing Council, the president signed a letter of instruction to request the entry of Costa Rica into the strategic alliance that seeks economic integration in the Asia Pacific region.

Bringing the world to Costa Rica

“The Government of the Republic has made the decision that Costa Rica has to go to the world to export our products, the skills of our workers, and we have to bring the world to Costa Rica through international trade and foreign direct investment,” President Chavez said.

The Trans-Pacific Partnership Agreement is made up of Brunei, Chile, New Zealand, Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru and Vietnam. According to authorities, these countries represent 17 per cent of world trade.

“Being part of the Transpacific Alliance allows us to share commercial strategies, attract investment and, above all, linkages for small and medium-sized companies, as well as the inclusion of female talent in economic life. It is an area that is growing and it is an area that has lifted many people out of poverty with a dynamic, modern, inclusive, fair and balanced approach,” the president said.

Increase exports

The Costa Rican government reportedly said that they hope to be able to export coffee, pineapple, medical prostheses, hot sauces, foliage, fruit juices and meat, among other products, and that job creation will be the primary objective.

The Ministry of Foreign Trade said that in recent months the country has been working on accessing new markets with efforts and negotiations focused on the free trade agreement with Ecuador and the announcement of joining the Pacific Alliance.

“With this request, we continue on the path of Costa Rica’s insertion in the world economy. Just this Monday we began negotiations with Ecuador, weeks ago we requested to activate the mechanisms for a prompt negotiation with the Pacific Alliance and today we are requesting a bloc made up of 11 of the most dynamic economies in the world to welcome us to take a negotiation process,” Minister of Foreign Trade, Manuel Tovar, said.

For the Costa Rican authorities, becoming part of the bloc would mean more international trade, further investment and therefore more employment for Costa Ricans.

Source: The Costa Rica News

(Quotes via original reporting)

The President of Costa Rica, Rodrigo Chaves, has announced that the country will request to join the Trans-Pacific Partnership Agreement, with the intention of attracting foreign direct investment and creating more jobs, The Costa Rica News reports.

In a press conference after the Governing Council, the president signed a letter of instruction to request the entry of Costa Rica into the strategic alliance that seeks economic integration in the Asia Pacific region.

Bringing the world to Costa Rica

“The Government of the Republic has made the decision that Costa Rica has to go to the world to export our products, the skills of our workers, and we have to bring the world to Costa Rica through international trade and foreign direct investment,” President Chavez said.

The Trans-Pacific Partnership Agreement is made up of Brunei, Chile, New Zealand, Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru and Vietnam. According to authorities, these countries represent 17 per cent of world trade.

“Being part of the Transpacific Alliance allows us to share commercial strategies, attract investment and, above all, linkages for small and medium-sized companies, as well as the inclusion of female talent in economic life. It is an area that is growing and it is an area that has lifted many people out of poverty with a dynamic, modern, inclusive, fair and balanced approach,” the president said.

Increase exports

The Costa Rican government reportedly said that they hope to be able to export coffee, pineapple, medical prostheses, hot sauces, foliage, fruit juices and meat, among other products, and that job creation will be the primary objective.

The Ministry of Foreign Trade said that in recent months the country has been working on accessing new markets with efforts and negotiations focused on the free trade agreement with Ecuador and the announcement of joining the Pacific Alliance.

“With this request, we continue on the path of Costa Rica’s insertion in the world economy. Just this Monday we began negotiations with Ecuador, weeks ago we requested to activate the mechanisms for a prompt negotiation with the Pacific Alliance and today we are requesting a bloc made up of 11 of the most dynamic economies in the world to welcome us to take a negotiation process,” Minister of Foreign Trade, Manuel Tovar, said.

For the Costa Rican authorities, becoming part of the bloc would mean more international trade, further investment and therefore more employment for Costa Ricans.

Source: The Costa Rica News

(Quotes via original reporting)