UAE, Costa Rica keen to enhance economic ties

(MENAFN) Non-oil bilateral trade between the UAE and Costa Rica increased 33 percent from USD19.8 million in 2017 to USD26.3 million in 2018 after the opening of their embassies in Abu Dhabi and San Jose in 2017 and 2018, respectively, according to a report by the Ministry of Foreign Affairs and International Cooperation.

"UAE's exports to Costa Rica totaled USD2.2 million in 2017, with imports estimated at USD16.4 million and re-exports at USD1.2 million," added the report, issued to mark the recent visit of Ahmed Ali Al Sayegh, Minister of State, to San Jose.

"UAE's exports surged 141 percent to USD5.3 million in 2018," affirmed the report, explaining that Costa Rica's imports from the Emirates consist of aluminum, palm dates, and dry fruits, while UAE imports furniture, electric cables, medical equipment, and pineapple, with the Latin American state looking for increasing its UAE-bound exports of banana and coffee.

At least 1,048 Costa Ricans visited the UAE in 2017 and the number rose to 1,709 over the past year after the ratification of the agreement on operating codeshare flights between Emirates' U.S. destinations and JetBlue destinations across the U.S., Caribbean and Mexico, which caused flights between Dubai and San Jose via the U.S.



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