Costa Rica’s commitment to economic growth and social development has driven its economy towards diversification, including the creation of very strong sectors in advanced manufacturing, medical devices, services and tourism. Today, Costa Rica exports thousands of distinctive products to the world and is highly recognized as one of the top 30 leading exporters of high-tech products. Foreign investors remain attracted by the country’s political stability and high education levels. Over 200 global companies have chosen Costa Rica as an establishment location.
The overarching objective of Costa Rica’s trade policy is to promote, facilitate and consolidate the country’s integration into the international economy. To that end, a package of core strategies has been implemented in the last decade to guide and lend consistency to the national policy in the quest for a larger presence on world markets, which include participation in the multilateral system, furthering regional integration, negotiating trade and investment agreements and further opening up the economy.
Up to date, Costa Rica has free trade agreements with Mexico, Canada, Chile, the Dominican Republic, Trinidad and Tobago, Panama, and the CARICOM countries. It has also signed free trade agreements with Singapore, China and the European Union, which are awaiting congressional ratification. Costa Rica is an active member at the World Trade Organization.