Costa Rica and Turkey consider Free Trade Agreement

Oscar Arias, President of Costa Rica is currently on an official visit to Turkey, the first Costa Rican President to visit. Costa Rica plans to open an embassy in Turkey in 2011 and on Wednesday the Turkish and Costa Rican leaders announced that they intended to to sign a free trade agreement to boost bilateral economic relations and also enhance political ties.

Turkish President Abdullah Gul told a joint press conference with his Costa Rican counterpart Oscar Arias that Turkey wants to sign a free trade agreement soon with Costa Rica, which has a sound economy with increasing foreign investment, the Anatolia news agency reported.

The two countries have signed a memorandum of understanding to establish a political consultation mechanism between their foreign ministries.

Read more on China View