CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Swiss Trade Deal With Costa Rica, Panama To Enter Into Force

Swiss Trade Deal With Costa Rica, Panama To Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

25 August 2014


The free trade agreement (FTA) between the European Free Trade Association (EFTA) states and Costa Rica and Panama will enter into force for Switzerland on August 29, 2014.

The treaty covers trade in goods and services, investment, competition, the protection of intellectual property, sustainable development and government procurement. It was signed in June 2013, and the Swiss parliament ratified it in June 2014.

The Swiss Federal Council says that the FTA will improve access for Swiss goods and services exports and investments in two dynamic Central American markets. It is also expected to facilitate mutual trade, improve the legal certainty for economic exchange and contribute to sustainable development.

EFTA states will grant Costa Rica and Panama market access conditions for industrial products that are broadly comparable to those they offer the European Union. Over a period of five to 10 years, EFTA industrial products, fish and other marine products, will gradually gain duty free access to the Costa Rican and Panamanian markets.

The FTA entered into force in Norway on August 19. It will enter into force for Liechtenstein on the same day as for Switzerland, and on September 5 for Iceland.

TAGS: tax | investment | marine | free trade agreement (FTA) | Iceland | intellectual property | tariffs | Liechtenstein | Norway | tax rates | Costa Rica | Switzerland | tax reform | trade | European Union (EU) | Panama | services | Europe | Central America

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »