Korea’s Minister for Trade Inkyo Cheong met Costa Rica's Minister of Foreign Trade Manuel Tovar today for discussions on measures to invigorate the two countries’ comprehensive economic cooperation.

During the talks, Trade Minister Cheong highly appraised the scope of Korea-Costa Rica trade and investment, which is continuously expanding based on the Korea-Central America Free Trade Agreement (FTA) that entered into force in 2019. He also proposed that the two sides further advance bilateral trade around their areas of strength, such as automobiles, pharmaceuticals, medical devices, and semiconductors.

Noting the substantive conclusion of discussions this January on Costa Rica’s accession to the Digital Economy Partnership Agreement (DEPA), Trade Minister Cheong expressed anticipation towards wider cooperation between the two countries going forward, including in digital areas as well.

Moreover, Trade Minister Cheong asked the cooperation of Costa Rica, as the chair of the 2025 OECD Ministerial Meeting, in encouraging the extensive participation of OECD member economies in the upcoming Asia-Pacific Economic Cooperation (APEC) Summit to be hosted in Gyeongju, Korea, this October.