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Caribbean Trade Pact Advances in Congress

September 24, 2004

AFTER two and a half months ofanalysis, the Legislative Assembly’sPermanent Commission on InternationalAffairs has presented its report on thefree-trade agreement between Costa Ricaand the 14-member CaribbeanCommunity (CARICOM).Committee members last week unanimouslyrecommended the assembly’s 57legislators ratify the agreement.Costa Rican President Abel Pachecoand Percival Patterson, Prime Minister ofJamaica, signed the trade pact March 9 inthe Jamaican capital of Kingston (TT,March 12). The agreement would reducetariffs and other trade barriers betweenCosta Rica and the Caribbean nations.Costa Rica exports an average of $70million in goods each year to the countriesof CARICOM and imports $17 million.“I am always cautious about thesefree-trade agreements, but I trust this onewill help us and the Caribbean expand ourhorizons,” said congressman Juan JoséVargas, of the Patriotic Bloc.The commission’s president, congressmanRolando Laclé of the ruling SocialChristian Unity Party, said the agreementwould benefit Costa Rica’s agricultureand dairy industries.The agreement can now be transferredto the floor of the Legislative Assembly.Legislators can vote to approve or rejectit, but cannot make any changes.

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