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S-E Asia-C America partnership growing

For Singapore, a Latin American agenda without Central America on the horizon may be a missed opportunity as neighbouring countries ramp up trade linkages.

Since Costa Rica established an embassy in Singapore in 2007 and signed a free trade agreement in 2013, bilateral trade with Singapore has more than doubled to beyond US$500 million per year.

A NASCENT economic corridor connecting Central America with South-east Asia has emerged on the back of recently forged economic linkages, with bilateral trade growing 350 per cent over the past 10 years to reach US$15.5 billion in 2014, according to United Nations Comtrade data.