06 April 2010 09:28 [Source: ICIS news]
SINGAPORE (ICIS news)--Singapore and Costa Rica have signed a free trade pact which will grant duty-free petrochemical exports from the city-state into the Caribbean nation by 2011, Ministry of Trade and Industry (MTI) said in a statement on Tuesday.
"Key exports (from ?xml:namespace>
Under the terms of the pact,
Both countries would attempt to enforce the pact by the first half of 2011, it added.
Costa Rica is Singapore’s eighth largest trading partner in Latin America, with trade in 2009 valued at Singapore dollar (S$) 414m ($296m), while Singapore is Costa Rica’s second largest trading partner in southeast Asia, according to MTI.
($1 = S$1.4)
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