No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCARICOM Agreement Signed into Law

CARICOM Agreement Signed into Law

IN a move that promises to broaden trade between Costa Rica and the 12 nations of the Caribbean Community (CARICOM), President Abel Pacheco signed a free-trade agreement with those countries on Monday.“We are opening a market with more than 15 million potential consumers of Costa Rican products. The Caribbean has become a new land of opportunities,” Pacheco said at the signing ceremony.The agreement will take effect between Costa Rica and the Caribbean nations that have ratified it – so far, only Barbados and Trinidad and Tobago – when it is published in the official government daily La Gaceta.Pacheco framed the agreement as advantageous for Costa Rican farmers, saying the agricultural sector of the Caribbean nations is “undeveloped” and they depend heavily on imports to sustain their tourism-driven economies.The trade agreement, which was passed in the Legislative Assembly Aug. 10, will eliminate taxes on 90% of Costa Rican goods entering the markets of signatory countries, while another 4% will be phased in over four years and 3.9% will be excluded from the agreement (TT, Aug 12).

Trending Now

Costa Rica Court Moves to Lift President Chaves’ Immunity

Costa Rica’s Supreme Court of Justice on Tuesday asked Congress — for the first time in the history of this country with a well-established...

Costa Rica’s Congress Expands Organized Crime Probe, Summons Ex-Presidents

Costa Rica’s Legislative Assembly is intensifying its investigation into alleged links between public officials and organized crime. Earlier today, the Special Permanent Commission on...

Peruvian Scientists Identify New Frog Species in Piura’s Highlands

A team of Peruvian scientists recently identified three new frog species in the misty peaks of the Huancabamba mountain range in northern Peru’s Piura...

Costa Rica Faces Scrutiny After Murder of Exiled Nicaraguan Officer

The Costa Rican government is facing growing criticism after the murder of exiled Nicaraguan military officer Roberto Samcam, who was shot to death in...

When Will Poás Volcano National Park Reopen? Here’s What We Know

Although Poás Volcano has entered a more stable phase and the alert level has been lowered to green, the national park will remain closed...

Costa Rica Identified as Key Maritime Route for Cocaine Trafficking

Costa Rica appears among the main maritime and aerial routes for cocaine trafficking between South and North America, according to the World Drug Report 2025 published...
Avatar
spot_img
Costa Rica Tours
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