The Canada-Costa Rica Free Trade Agreement
Creating valuable opportunities for Canadian businesses like yours
The Canada-Costa Rica Free Trade Agreement gives Canadian companies a competitive advantage in Central America’s most industrialized economy. The agreement reduces tariffs on 94 percent of agricultural and agri-food exports from Canada and eliminates most tariffs on industrial goods exports.
Learn more about the free trade agreement with Costa Rica and discover your next market today.
Canada-Costa Rica Trade Relations
Two-way merchandise trade between Canada and Costa Rica has increased by 113 percent since the agreement entered into force in 2002.
Costa Rica is Canada’s most important trading partner in Central America. In 2011, two-way merchandise trade between Canada and Costa Rica totalled $640.9 million, a 15.5-percent increase from 2010.
Opportunities for Canadian Companies in Agriculture and Agri-food
The agreement gives a competitive advantage to Canadian exporters of many agricultural and agri-food products, including:
- apples, cranberries and blueberries
- lentils and chickpeas
- canola seed and oil
- frozen french fries
- maple syrup
- whisky and wine
- buckwheat and barley flour
- canary seed
Opportunities for Canadian Companies in Industrial Goods
The agreement eliminates all tariffs on industrial goods, providing a competitive advantage for Canadian companies, particularly those that export infrastructure and building products, including steel structures and prefabricated buildings.
The free trade agreement with Costa Rica does not cover investment. However, Canadian investors are covered by the Canada-Costa Rica Foreign Investment Promotion and Protection Agreement (FIPA), which has been in force since September 1999. The FIPA establishes clear rules governing the investment relationship between the two countries and advances Canada’s interests in this area. Canadian investments in Costa Rica are protected by reciprocal, legally binding rights and obligations, as well as international arbitration to resolve disputes, making Costa Rica particularly attractive to Canadian investors.
“Free trade between Canada and Costa Rica has helped Covertech by allowing us to do business with no duties,” said John Starr, Covertech’s vice-president. Read the full success story.
For more information about new business opportunities or how the free trade and investment agreements can help your company in Costa Rica, check out market facts and reports for Costa Rica on the Trade Commissioner Service website or contact a trade commissioner.
- Background on the Canada-Costa Rica Free Trade Agreement
- Canada-Costa Rica Free Trade Agreement—Full text
- Canada-Costa Rica relations
If you have questions or comments about these free trade and investment agreements, please contact Foreign Affairs, Trade and Development Canada at:
Trade Policy and Negotiations Division I (TPE)
Foreign Affairs, Trade and Development Canada
Lester B. Pearson Building
125 Sussex Drive, Ottawa ON K1A 0G2
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