Costa Rica seeks entry to trans

The Central American country's government finalized its petition to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Costa Rica formalized its request to join a trade partnership of 11 countries across Asia, Australia and the Americas, President Rodrigo Chaves announced on Wednesday, in a step toward strengthening trade ties with Asian economies, Qazet.az reports.

The Central American country's government finalized its petition to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) a month after announcing it would negotiate entry into the Pacific Alliance bloc of Latin American countries.

"It allows us to share commercial strategies, attract investment and create linkages for small and medium-sized companies," said Chaves, who said the CPTPP accounts for 17% of global trade.