On 05 June 2012, Colombia and Costa Rica announced the launch of free trade negotiations. On 15 June 2012, both countries signed the General Framework for the Negotiation of the agreement. Negotiations between both countries began with the first round of negotiations in Bogota, Colombia, between 30 July and 02 August 2012. The second round of negotiations began in San Jose, Costa Rica on September 24, 2012. The third round of trade negotiations was held on 22-25 October 2012, in Cali, Colombia. The fourth round concluded on 07 February 2013. On 06 March 2013, Colombia and Costa Rica concluded free trade negotiations. On 22 May 2013, Colombia and Costa Rica signed the Trade Agreement (FTA) between the two nations.

Documents relating to the negotiations
22 May 2013	Colombia and Costa Rica sign Free Trade Agreement
03 May 2013	FTA between Colombia and Costa Rica will be signed on 22 May 2013
06 March 2013	Colombia and Costa Rica conclude free trade negotiations
04-07 February 2013	San José, Costa Rica. Fourth round of negotiations for a free trade agreement between Colombia and Costa Rica
22-25 October 2012	Cali, Colombia. Third round of negotiations for a free trade agreement between Colombia and Costa Rica
24-28 September 2012	San Jose, Costa Rica. Second round of negotiations for a free trade agreement  between Colombia and Costa Rica
30 July-02 August 2012	Bogota, Colombia. First round of negotiations for a free trade agreement  between Colombia and Costa Rica
15 June 2012	Colombia and Costa Rica signed General Framework for the Negotiation of the Colombia-Costa Rica FTA
05 June 2012	Bogota, Colombia. Colombia and Costa Rica announced the launch of free trade negotiations
Source: Ministerio de Comercio Exterior de Costa Rica; Ministerio de Comercio, Industria y Turismo, Colombia

On 08 April 2014, the Colombian Senate approved in first debate the Colombia-Costa Rica FTA. In turn, the Costa Rican National Assembly approved the FTA on 24 April. The Colombia-Costa Rica Free Trade Agreement was ratified by Costa Rica on 05 May 2014. On 5 November 2014, the Colombian Senate approved in second debate the Colombia-Costa Rica FTA.

On 6 April 2016, Colombia's Constitutional Court approves FTA with Costa Rica.

On 29 June 2016, in the framework of the 11th Summit of the Pacific Alliance, which was held in Puerto Varas, Chile, trade ministers of Colombia and Costa Rica agreed on August 1, 2016 as the date for the entry into force of the FTA between both countries.

29 June 2016	Colombia-Costa Rica FTA to enter into force on 1 August 2016
6 April 2016	Colombia's Constitutional Court approves FTA with Costa Rica
05 November 2014	Bogotá, Colombia. Colombian Senate approves in second debate the Colombia-Costa Rica FTA
05 May 2014	San José, Costa Rica. Costa Rican Government ratifies the Colombia-Costa Rica FTA
24 April 2014	San José, Costa Rica. Costa Rica's National Assembly approves Colombia-Costa Rica FTA
08 April 2014	Bogotá, Colombia. Colombian Senate approves in first debate the Colombia-Costa Rica FTA
Sources: Ministerio de Comercio, Industria y Turismo, Colombia; Ministerio de Comercio Exterior de Costa Rica (COMEX)

On November 28 and 29, 2018 Costa Rica and Colombia held meetings and agreed on the importance of deepening trade, promoting investment and taking advantage of the opportunities offered by both markets.

Within the framework of the Thirteenth Ministerial Conference of the World Trade Organization (WTO), Colombia and Costa Rica signed the deepening of the Trade Agreement that the two countries have had in force since 2016.

• Ministerio de Comercio Exterior de Costa Rica (COMEX)
• Ministerio de Comercio, Industria y Turismo, Colombia