No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveLegal Revision of CAFTA Texts Concludes

Legal Revision of CAFTA Texts Concludes

NEGOTIATORS in Washington, D.C., concluded the legal revision and official translation of the proposed Central America Free-Trade Agreement (CAFTA) with the United States last Friday, the daily La Nación reported.The revision was supposed to end three days earlier, but was delayed as a result of confusion regarding the interpretation of certain provisions, particularly in agriculture and textiles.Negotiators were able to clarify confusion regarding how the inclusion of the Dominican Republic affected the region’s textile quotas.It was interpreted that Dominican Republic’s inclusion would not affect the size of the part of the yearly 100-millionsquare-meter quota of products made using fabrics imported from Mexico and Canada that each of the five Central American countries will be allowed to export to the United States with preferential access.Several hours were spent discussing the performance requirements for chicken and rice. For these products, importers must buy local production before conducting imports.It was also agreed that each country would be allowed to use its own legislation to decide which producers benefit from import quotas, instead of a “first-come, first-serve” system.Trade officials have announced that the signing of the CAFTA texts has been scheduledfor May 28 in Washington, D.C. Earlier this month, thousands of marchers filled the streets of Central America’s capital cities to protest the free trade agreement with the United States (TT, May 7).

Trending Now

Costa Rica Expat Guide to Creative DIY Home Repairs

My family was recently cleaning up our backyard, tidying up the mass of branches that had been ditched on the property by the local...

US sanctions Colombia’s President Gustavo Petro

The United States announced on Friday financial sanctions against Colombian President Gustavo Petro for failing to combat drug trafficking, drawing a strong response from...

Selva Coral Introduces Costa Rica’s Most Flexible Real Estate Investment Model

Immediate delivery with only 10% down and income generation during peak season South Jacó, Costa Rica – October 2025. While most real estate projects in...

Costa Rica Presidential Candidate Eli Feinzaig Recovering

Presidential candidate and Congressman Eli Feinzaig of the Progressive Liberal Party (PLP) underwent surgery Saturday night to repair a fractured sternum sustained in a...

Venezuela’s Maduro Asks Court to Strip Opposition Leader of Citizenship

Venezuelan President Nicolás Maduro has filed a request with the country's Supreme Court to revoke the nationality of opposition leader Leopoldo López, accusing him...

Latin America Questions US Boat Strikes in the Drug War

US military strikes that Washington claims have targeted "narco-terrorists" ferrying drugs to American soil are having little to no impact on Latin America's bustling...
Avatar
spot_img
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