Wednesday, April 22, 2009

Singapore, Costa Rica hold free trade talks

Singapore (AFP)- Singapore and Costa Rica held the first round of negotiations for a free trade agreement, the city-state's trade ministry said Wednesday.

"Both sides discussed the setting up of a general framework to look at measures that will liberalize trade in goods and services as well as the investment regime," the ministry said in a statement.

They also plan to simplify customs procedures, among other measures to tear down other trade barriers.

The first round of talks was held in Singapore this week and negotiators are expected to meet in Costa Rica later this year for the next session, the statement said.

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