More

    Costa Rica Wary of Trade With China

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    SAN JOSE — Costa Rica’s manufacturers are asking to be excluded from the free trade treaty the Central American country plans to negotiate with China in a process set to begin in January.

    The head of the Chamber of Industries of Costa Rica, or CICR, Juan Maria Gonzalez, told a press conference that there are very few sectors that can provide a profit for Costa Rican industry within the trade accord with China.

    TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

    Gonzalez said that Costa Rica has much to lose by agreeing to a treaty of this kind with the giant Asian nation and should push for a partial accord in which the market is opened up only to certain sectors and products.

    “An FTA (free trade agreement) puts all sectors on the negotiating table. A treaty of this kind with a manufacturing country like China limits the decisions on the future of local industry, and therefore we ask for the sector to be excluded” from it, he said.

    The CICR says that a treaty with China “is not appropriate” because that country still has some of the bad habits of a centralized economy, including little experience with the regulations of the World Trade Organization and, above all, it has not been able to establish effective health and safety controls for its exports.

    In addition, the “artificially low” prices of Chinese products would represent unfair competition for Costa Rica’s domestic producers, the CICR says. EFE

    Latin American Herald Tribune

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    - Advertisement -
    - Advertisement -

    Latest News

    Costa Rica Seeks To Recover 52 Pre-Columbian Pieces That Would Be Auctioned In Germany

    Costa Rica seeks the repatriation of 52 pre-Columbian pieces that would be auctioned in Germany. The management was confirmed...
    - Advertisement -

    More Articles Like This

    - Advertisement -

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    Language »

    Get TCRN In Your Inbox & Never Miss Any News That Matter In Costa Rica!