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Costa Rica withdraws from CPTPP bid and dismisses trade minister

Politics · First reported 28 Oct, 19:26 · Updated 13:45

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

President Laura Fernandez said Costa Rica has withdrawn its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and dismissed Foreign Trade Minister Indiana Trejos, citing a lack of transparency. The decision followed protests from producer groups, particularly in agriculture.

  • Fernandez announced the withdrawal and Trejos’s dismissal on Wednesday, saying the minister’s removal was due to a lack of transparency. She did not name a replacement.
  • The decision followed protests from Costa Rican producer groups, especially those in agriculture.
  • Costa Rica applied to join in 2022 and held more than 100 high-level meetings. The CPTPP formally invited the country in November 2024.
  • After the invitation, Costa Rica reviewed its regulations against the agreement’s rules and negotiated market access for goods and services.
  • Fernandez said the agreement’s full contents had been kept secret by negotiators. The CPTPP is described as a 12-member trade bloc accounting for nearly 15% of global GDP.
Summary written by Lux AI from 3 articles

Key facts

President
Laura Fernandez
Dismissed minister
Foreign Trade Minister Indiana Trejos
Application submitted
2022
CPTPP invitation
November 2024
CPTPP membership
12 nations
Share of global GDP
Nearly 15%

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