LatinNews Daily - 11 August 2022

In brief: Costa Rica seeks to join Trans-Pacific trade deal

* Costa Rica’s President Rodrigo Chaves has announced that the country will request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Launched in March 2018 in Chile, the CPTPP has been signed by 11 of the 12 countries that had negotiated the Trans-Pacific Partnership (TPP) regional trade deal after the US opted to abandon it. Speaking at a press conference, Chaves stated that joining the CPTPP would create jobs and boost Costa Rica’s export  of products including pineapple, coffee, hot sauces, fruit juices and meat. Costa Rica’s foreign trade minister, Manuel Tovar, said joining the trade alliance would boost the “dynamism” of the Costa Rican economy and increase the country’s integration with the global economy. The CPTPP members are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam. Last month, Uruguay’s President Luis Alberto Lacalle Pou also announced his intention for Uruguay to join the alliance.

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