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Costa Rica – Korea Trade To Increase With CABEI Entry, FTA

With South Korea’s recent entry into the Central American Bank for Economic Integration (CABEI), Costa Rica – a founding member – looks forward to stronger trade and investment ties with Korea.
Korea entered the bank on December 28, 2018,  becoming its second-largest extraregional partner.
The CABEI, – Banco Centroamericano de Integracion Economica (BCIE) in Spanish – whose main purpose is to lend institutional and financial support to Central American public and economic entities, represents a market of more than 60 million people throughout the Central American and Caribbean region. It is also tasked with facilitating trade and investment ties between the region and its global partners.
CABEI Executive President, Dante Mossi, explained that the capital subscription request of the Republic of Korea amounts to US$450 million, which will generate

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Written by Q COSTARICA

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