On 26 February and 25 March 2014, Costa Rica’s National Assembly approved in first and second debates, respectively, the Central America-EFTA Free Trade Agreement.
On 19 June 2014, the Norwegian Parliament gave its consent to ratification of the Free Trade Agreement with Costa Rica and Panama.
Following its ratification by all parties, the Free Trade Agreement between the EFTA States - Iceland, Liechtenstein, Norway and Switzerland - and the Central American countries of Costa Rica and Panama, came into force in three stages:
- 19 August 2014 for Norway, Costa Rica and Panama
- 29 August 2014 for Switzerland, Liechtenstein, Costa Rica and Panama
- 5 September 2014 for Iceland, Costa Rica and Panama