On 14 November 2011, Ministers of the European Free Trade Association (EFTA)
announced the start of free trade negotiations with Costa Rica, Honduras and Panama. Other Central American countries may join
the process at a later stage. Negotiations would begin in early 2012. The first round of negotiations was held in Geneva,
Switzerland, from 28 February to 01 March 2012. The next round of negotiations is scheduled to take place in Panama, in June 2012,
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