The trade deal between the European Union (EU) and Costa Rica and El Salvador is scheduled to enter into force as of Oct. 1 this year, the European Commission said. Trade barriers between the EU, Costa Rica and El Salvador will be lifted as of Oct. 1, when the trade pillar of the EU-Central America Association Agreement enters into application with these countries, according to the statement.
The EU and Honduras, Nicaragua and Panama have been applying the Agreement since Aug. 1. Guatemala is finalising procedures to allow for provisional application soon, "This ambitious trade partnership will open up new markets and simplify rules, boosting trade and investments in both regions," said the Commission.
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