(f) facilitating trade in services and investment to develop and deepen Canada`s and Costa Rica relations under the agreement; The Canada-Costa Rica Free Trade Agreement (CCRFTA) is a free trade agreement between Costa Rica and Canada. It was signed on April 1, 2001 in Ottawa, Ontario and came into effect on November 1, 2002. This is the first bilateral free trade agreement that includes innovative independent trade procedures. 87% of all tariffs on agricultural products were abolished either immediately or over a period of 7 to 14 years. Tariffs on many other sectors, such as automobiles and goods, have also been abolished. Several sectors of agriculture have been excluded from the treaty; Eggs, dairy products, poultry and beef were excluded and Costa Rica decided to leave the potatoes in the free trade agreement. The two nations agreed to apply World Trade Organization rules on health and plant health issues (known as the SPS Agreement). [1] In April 2018, the Costa Rican government informed Canada that it had eliminated these tax exemptions and export subsidies. After verification by Canadian officials, Canada is convinced that Costa Rica is now fulfilling the terms of the free trade agreement for the right to preferential tariffs. (a) establish a free trade area in accordance with the agreement; b) add, in numerical order, the tariff positions defined in Schedule 3 of this Act.

It was proposed to model the Free Trade Area of the Americas according to the CCRFTA. [3] The agreement produced positive results almost immediately, and in three years, trade between Canada and Costa Rica increased from $324 million to $440 million. “free trade agreement”: NAFTA, CCFTA, CCRFTA or CIFTA; (b) may only take place after the seven-year date following the entry into force of this subsection if it is based on an agreement between the Government of Canada and the Government of the Republic of Costa Rica regarding the application of the subsection (2). Costa Rica is Canada`s largest trading partner in Central America.5 In 2018, Canada exported approximately $164 million in goods to Costa Rica and imported approximately $519 million.6 In the first three years of the agreement, trade increased by 36% (from $324 million to $440 million). [2] 8.

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