The 1st Meeting of the India-Costa Rica Joint Economic and Trade Committee (JETCO) was held virtually on 6-7 July 2026. The meeting was co-chaired by Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, Shri Vimal Anand, from India and General Director of Foreign Trade, Ms. Adriana Castro, from the Republic of Costa Rica.
During the meeting, both sides reviewed bilateral trade and investment relations, exchanged views on their respective trade and investment regimes, and noted with satisfaction the steady growth in bilateral merchandise trade to approximately USD 391 million in 2025–26.
They also discussed opportunities to further expand trade and investment. The two sides exchanged information on their respective standards, accreditation, certification and regulatory frameworks, and explored cooperation in areas such as standards development, conformity assessment, food safety, pharmaceutical regulation and export certification.
The Indian side highlighted its strengths in pharmaceuticals, digital technologies, manufacturing and innovation. The Costa Rican side presented an overview of the Central American trade integration regime and its experience in regional trade negotiations.
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