Costa Rica announced on June 4, 2013 that its free trade agreement with Peru came into effect on June 1st, eventually removing tariffs on 80 percent of products.

The Costa Rican Foreign Trade Minister, Anabel Gonzalez, said in a statement that the treaty especially benefits small and medium enterprises, as well as consumers, who will be able to access a wider range of products at competitive prices.

The Peruvian products that will immediately be made duty-free include turkey, sardines, evaporated milk, artichokes, garlic, mangoes, tangerines, lemons, grapes and paprika.

Costa Rica was recently granted approval to join the Pacific Alliance, a trade bloc formed last year by Chile, Colombia, Mexico and Peru, on the condition that it forms free-trade deals with all members.