POST Online Media Lite Edition



 

Costa Rica: We won't give up our sugar rights

Staff writer |
Costa Rica will not transfer to another country its share of sugar exports to the European Union (EU) agreed in the Partnership Agreement, which is now in force only in Panama, Honduras, and Nicaragua.

Article continues below






The Costa Rican Foreign Trade Minister Anabel Gonzalez told Columbia Radio that Costa Rica "will not give up its rights."

"is is something that Costa Rica has the right to and there is no reason to give it up. We arere working on the basis that the agreement will enter into force in the country," said Ms. Gonzalez, reports The Costa Rica News.

The Association Agreement established an annual export quota of 62,000 metric tons of Central American sugar, of which 13 percent corresponds to Costa Rica, where the agreement has not entered into force. Local media have reported that other Central American countries are interested in Costa Rica's granting them its share so that they can take advantage of it for the rest of this year.

The Association Agreement entered into force on August 1 in the EU, Panama, Nicaragua and Honduras, while Costa Rica, El Salvador and Guatemala still have some internal procedures pending. It is still unclear when the agreement will become effective in the three countries.

Costa Rica is the major trade partner of the EU in Central America, with exports to European countries by 2,068 million dolars in 2012 and 1.234 billion dollars in imports.


What to read next

Costa Rica full member of the Pacific Alliance
Cheese stopped trade between Central America and the EU
Costa Rica, Panama signed free trade agreement with EFTA