Costa Rica'S Foreign Trade Policy

(1) minimum export price.

In December 12, 2005, the minimum export price of bananas was implemented through the 32837-MAG-MEIC-COMEX law.

Law 2762nd deals with preferential tax rates for coffee exports.

In February 5, 1996, the 7575th law (Forest Law) laid down the lowest price calculation method for unprocessed timber exports.

(2)

And restrictions.

In February 13, 1996, law 7575th prohibited the export of special types of logs and timber.

(3) export tax rates are favorable.

Law No. 7210th of November 23, 1990 (duty-free zone system), June 18, 2001 29606-H-COMEX Enforcement Act, October 20, 1995 No. 7557th (General Customs Act) and June 28, 1996 25270-H enforcement Ordinance.

(4) export promotion act.

Law No. 5162nd of December 22, 1972.

(5) export financing.

No. 244th December 22, 1981

It contains the relevant provisions of Costa Rica central bank on export financing and pre export cost financing.

Costa Rica is committed to implementing tariff quotas based on the WTO agreement on agricultural products and some multilateral trade agreements, mainly for chicken (USA, Canada, Panama, Dominica), pork (USA, China, Panama), ham bacon (EU), milk and dairy products (EU, USA, Panama, Dominica), prefabricated meat (EU), rice, potatoes, onion (USA) and black bean (China).

In terms of imports, Costa Rica cancelled all import licences and related procedures in December 2004 and reserved special requirements only in animal and plant quarantine and environmental protection.

Costa Rica prohibits imports of arms, ammunition, waste tires and blood.

On the export side, Costa Rica restricts exports to articles related to culture, art, archaeology and historical heritage in accordance with the "International Conference on endangered species of Wild Fauna and flora", "control of pnational pfer of hazardous wastes and its handling of the Basel conference" and "Montreal Treaty on substances harmful to the ozone layer".

(6) export incentives.

In March 31, 1992, the 7293rd law stipulated related exports.

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Costa Rica classifies imports according to the Central American Tariff System (SAC).

Costa Rica's tariffs are divided into import duties and surcharges.

The additional tax is based on law 6946th, with a tax rate of 1%, which applies to all imported goods. There are only a few exceptions (such as imports from FTA, WTO goods on information technology agreement, goods benefited from the Export Processing Zone Act No. 6695th, medical equipment and medicines).

Except for some animal and plant products, medical products and foods that require special permission to import, the import tariff of most commodities is ad valorem tax, which is applicable to the CIF price.