New Delhi: India and Costa Rica reviewed bilateral trade and investment ties during the first India-Costa Rica JETCO meeting, with merchandise trade reaching about $391 million in 2025-26.
The two-day virtual meeting, held on July 6 and 7, was co-chaired by Joint Secretary in the Department of Commerce Vimal Anand and Costa Rica’s General Director of Foreign Trade Adriana Castro. Both sides discussed ways to expand trade and strengthen economic cooperation.
Officials exchanged views on their trade and investment regimes. They also reviewed standards, accreditation, certification and regulatory systems to reduce technical barriers and facilitate trade.
India-Costa Rica JETCO explores new cooperation areas
India highlighted opportunities in pharmaceuticals, digital technologies, manufacturing and innovation. Meanwhile, Costa Rica presented its Central American trade integration framework and shared its experience in regional trade negotiations.
Both countries agreed to strengthen business-to-business engagement and encourage closer cooperation between ministries, regulatory authorities and industry. They also decided to promote regular institutional interactions.
The committee, established under the Memorandum of Understanding on Economic Cooperation, will continue to serve as the main platform for reviewing bilateral trade, resolving issues of mutual interest and identifying new opportunities for economic collaboration.
Both sides reaffirmed their commitment to using the India-Costa Rica JETCO mechanism to advance trade, investment and sector-specific cooperation.
