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Colombia, Costa Rica look to strengthen ties

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Published on: 2012/07/21

From: Colombia, Costa Rica look to strengthen ties / Top Story / Current Edition / Costa Rica Newspaper, The Tico Times.

After a visit from the Colombian president, a free trade agreement is being negotiated between Costa Rica and the South American country.

Colombian President

 

Colombians make up the second-largest foreign population in Costa Rica, after Nicaraguans. Of 386,000 immigrants living in the country, 4.3 percent – 16,600 – are Colombians, according to the 2011 census.

With growing relations between Costa Rica and Colombia, Chinchilla sees a “shared vision of development,” and similarities “provide the basis to form a lasting partnership.”

“Our relationship keeps growing stronger in the political arena, and now in the commercial arena, which will lead us to join efforts in forums where we share interests,” Chinchilla said.

Costa Rica’s exports to Colombia grew by 12.1 percent in 2011 compared to the last two years, but the trade balance heavily favors Colombia, according to official figures.

In 2011, Costa Rican sales to Colombia were $48.2 million, against $455.7 million in imports.



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