Brussels,18 July 2023(TDI): Foreign Minister Arnoldo André and Luxembourg’s Economy Minister, Franz Fayot, sign a transnational Cooperation Framework Agreement to consolidate and strengthen ties between Costa Rica and Luxembourg.

The Cooperation Framework Agreement lays the groundwork for collaboration in areas of mutual interest.

The Cooperation Framework Agreement lays the groundwork for strong collaboration in a variety of areas of mutual interest.

The signing of this agreement marks a watershed moment in bilateral ties, according to Foreign Minister André.

Read More: Luxembourg, Slovenia discuss bilateral relations & cooperation

The primary goal of the agreement is to promote technical, economic, scientific, and cultural cooperation.

costa rica and luxembourg
Franz Fayot (2R), Minister for Development Cooperation and Humanitarian Affairs, paid a working visit to Costa Rica

This can be done via the development and implementation of particular programs, initiatives, and activities in areas of mutual interest.

Costa Rica and Luxembourg form a strategic partnership to foster not just information and technology, but also economic and commercial collaboration.

Both countries want to increase investor contacts, as well as public-private partnerships.

This is to encourage the execution of collaborative projects that boost growth and job creation in both economies.

The foreign minister underlines his anticipation for this new phase in the bilateral partnership. He emphasizes the two nations’ commitment to shared values and the quest for innovative solutions to global issues.

Aerospace, computational intelligence, human rights, novel financial tools, and investments are among the areas emphasized.

Both nations recognize the potential and significance of these disciplines in the current environment. They commit to cooperating to promote growth and advancement in these areas

Previous exchanges between the two countries

Previously, Franz Fayot, Minister for Development Cooperation and Humanitarian Affairs, visited Costa Rica from January 23 to 27, 2023.

Minister Fayot has concluded a memorandum of understanding with Costa Rica’s Minister of Foreign Affairs and Worship, Arnoldo André Tinoco.

This formalizes bilateral cooperation connections between the two nations and identifies key areas for cooperation.

Luxembourg and Costa Rica resolve to work together on issues.

such as socioeconomic inclusion of women and youth, resilience to climate change and environmental sustainability, social cohesion, and human rights, particularly for migratory communities.