Looking for a specific product?

Make a search for products & suppliers, articles & news.

Free trade agreement with Costa Rica and Panama

“I am very pleased that the Storting has said yes to the free trade agreement between the EFTA member states and Costa Rica and Panama,” says Minister of Trade and Industry Monica Mæland.

On 19 June the Storting gave its consent to ratification of a free trade agreement with Costa Rica and Panama.

“Free trade agreements provide favourable export conditions for Norwegian companies. They are crucial for the Norwegian business sector, especially because they ensure competitiveness vis-à-vis companies from regions such as the EU,” says Minister of Trade and Industry Monica Mæland.

Under the free trade agreement with Costa Rica and Panama, Norwegian exporters of fish will be granted the same terms and conditions as their competitors in the region, on equal footing with countries such as Chile.

The agreement regulates trade in goods and services, and encompasses investment, government procurement, protection of intellectual property rights and competition. It also contains a chapter on trade and sustainable development.

­“We have negotiated a good chapter on trade and sustainable development, with a new provision on sustainable forest management. This will help to increase awareness of and acceptance for the idea that trade needs to foster sustainable development,” says Ms Mæland.

The agreement with Costa Rica and Panama foresees the possibility of El Salvador, Guatemala, Honduras and Nicaragua becoming parties to the agreement as well.

The agreement will enter into force on 1 September 2014.


  • Trade with Costa Rica and Panama is currently modest. However, Norway has business interests in these countries in important areas such as hydropower, renewable energy, fisheries and aquaculture. The Panama Canal is important for Norwegian shipping.
  • Trade in goods between Costa Rica and Norway in 2013 totalled NOK 396 million. The most important Norwegian export products are fertiliser, machinery and fish. Norway primarily imports agricultural products from Costa Rica, including bananas and pineapple.
  • Trade in goods between Panama and Norway in 2013 totalled NOK 694 million. Norwegian exports to Panama consist of ships and ship’s gear, fish and fertiliser. Norway mainly imports ship’s gear from Panama, in addition to some agricultural products.
  • The Storting has now given its consent to ratification of the free trade agreement between Costa Rica and Panama and the EFTA member states (Iceland, Liechtenstein, Norway and Switzerland). The agreement was signed in the summer of 2013 during the EFTA Ministerial Meeting in Trondheim.

Related news

Latest news

Light control for increased fish welfare

Aurora SUBLed Combi 1350 is a dimmable underwater light with a unique combination of blue, green and ultra violet LED light in one unit.

SAR Celebrates 2nd anniversary in Kuwait

SAR Celebrates 2nd anniversary of operation in Kuwait.

SAR AS Celebrates 30 years of operation!

The history of SAR goes 50 years back to the late 1960s with the company Septik Tank Co. 

Ready to conquer the world with Hansen Protection Helicopter pilot suits

In 2017, for the first time in the history of helicopter sport, the World Cup in Helicopter Races is going to be held. It is going to take place in 7 countries, and starts on Friday April 7th in Konakovo, Russia.

SeaBass Fisherman's Work / Flotation Suit

SeaBass is a waterproof, buoyant work suit for anyone working on or around water.

Improved Surface Rescue Preparedness can Save Lives

A significant part of the Norwegian fire and rescue services lack good apparel for use in surface rescue operations. This can mean the loss of valuable time in rescue operations in water, and experts now call for a change ...

Historical contract for Norwater AS!

The excitement was at its height at Norwater AS in Høylandsbygd on Wednesday last week. The company signed its biggest contract in history, in strong competition with both Norwegian and foreign competitors. The order book ...

Export Credit Norway Finances Production of Ready-to-use Therapeutic Foods in South Africa

Since being founded in 1948, the Norwegian company GC Rieber Compact has developed into a leading supplier of ready-to-use therapeutic foods to customers such as Doctors Without Borders, the Red Cross, the World Food Progr...

Peru Corporate Day

On 26th September, Oslo Chamber of Commerce will for the first time receive a technological business delegation from Peru to Norway, led by PROMPERÚ.