Costa Rica News  – The Free Trade Agreement (FTA) between Costa Rica and Colombia will become effective this August 1, with it expectations of higher exports for some industrial sectors, except that this agreement is a prerequisite for an eventual accession process of Costa Rica to the group of countries of the Pacific Alliance (Alianza del Pacifico – AP) composed of Mexico, Colombia, Peru and Chile.
Medicines, tires, foliage, some plastics, frozen bread and cookies are some of the goods that will be duty free starting from August 1. The agreement states that 75% of industrial goods will become duty-free immediately, and the other products within 5 to 15 years.
Francisco Gamboa, executive director of the Chamber of Industries of Costa Rica (ICRC) recalled that the union supported

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