No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveFree-Trade Agreement Negotiations Stagnate

Free-Trade Agreement Negotiations Stagnate

TEGUCIGALPA (AFP) – Negotiations for a free-trade agreement between El Salvador, Guatemala, Honduras, Nicaragua and Canada came to a stalemate at the last meeting in Ottawa on Friday, Honduran officials announced Wednesday.

“There were no important results in the last meeting, rather, it gave the impression it had stagnated,” said Honduran Chief Negotiator Melvin Redondo.

He described the last three years of talks as “poor” and said Canada took a rigid stance at the last meeting.

FOR example, the negotiator said, Canada demanded agricultural quotas similar to those that the Central American countries gave to the United States in the Central American Free-Trade Agreement (CAFTA). But Honduras established those quotas based on the demand from the Honduran market.

“If we gave Canada the same quota we would be hurting our national producers,”Redondo said.

Honduran Minister of Industry and Commerce, Norman García, said the Canadian proposal is “not attractive.”

“THE Canadians are practically saying: allow 80% of what we send there to enter free of tariffs and 20% of what you send will enter without tariffs,” García said.

The next meeting – the eleventh since negotiations began three years ago – will probably take place in June in Guatemala, Redondo said.

Costa Rica has had a free-trade agreement with Canada since 2002 and is the only Central American country to have one.

 

Trending Now

Former Costa Rican Presidents Defend Democratic Institutions

Eight former presidents of Costa Rica issued a joint statement on Thursday defending our country's democratic institutions, particularly the Supreme Electoral Tribunal (TSE), against...

Costa Rica Starts Work on Key Tempisque River Bridge in Guanacaste

Officials from the Ministry of Public Works and Transportation kicked off a major renovation of the bridge over the Tempisque River in Guardia de...

Costa Rica Forecasts 40,000 Starlink Subscriptions by 2030

Costa Rica's telecommunications regulator forecasts that satellite internet connections will hit 40,000 by 2030, with Starlink leading the charge. The Superintendencia de Telecomunicaciones (Sutel)...

Dollar Hits 17-Year Low in Costa Rica as Tourism Feels the Pinch

Costa Rica's tourism industry is under pressure yet again as the US dollar exchange rate on the Monex market dropped to ₡498 last Friday...

Costa Rica Bridges Crisis Deepens with 70 Percent in Poor Condition

Costa Rica's road network faces a critical breakdown, with seven out of 10 bridges in poor condition, according to the latest State of the...

FBI Team Lands in Guatemala to Hunt Down Escaped Barrio 18 Leaders

A team from the FBI's Joint Task Force Vulcan touched down in Guatemala yesterday to assist local forces in tracking down 16 fugitive leaders...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica