HomeArchiveTrade Official Outlines Complementary Agenda

Trade Official Outlines Complementary Agenda

DORIS Osterlof, the Vice-Minister of Foreign Trade, met this week with representatives from various business sectors and the press to explain in detail the collection of loans and associated development programs known as the Complementary Agenda for the Central American Free-Trade Agreement with the United States (CAFTA).The agenda is intended to strengthen Costa Rica’s ability to compete if CAFTA is ratified by the Legislative Assembly. Osterlof emphasized that what has often been referred to as the Complementary Agenda – $355.4 million in loans under consideration in the assembly – is in fact only the part of the agenda for which funding has already been arranged, and that more programs will be unveiled in the future as more funding is obtained.Osterlof said preparation for CAFTA needs to be thought of as a long-term process, pointing out that trade changes under CAFTA are implemented gradually over a period of 10 years, and the Complementary Agenda does not have to be “everything at once.”The Vice-Minister’s repeated assertions that the programs unveiled to date do not constitute the entire agenda come after a report recently released by President Abel Pacheco’s Council of Notables said the government’s agenda does not do enough to prepare the country for changes under CAFTA (TT, Sept. 30). Pacheco formed the five-member council to analyze the text of CAFTA and how the pact would affect Costa Rica.Osterlof described in detail only the components of the agenda pertinent to the Trade Ministry – programs aimed specifically at strengthening the competitiveness of businesses that produce both for export and for internal consumption, and at strengthening public institutions to handle the changes CAFTA would bring about.

Trending Now

Someone Can Sell Your Costa Rica Land While You’re Away

If you own land or a house in Costa Rica that sits empty for long stretches, someone could transfer it out of your name...

Costa Rica Drops Bid to Join Pacific Trade Pact and Fires Its Trade Minister

Costa Rica drops its bid to join the CPTPP and fires its trade minister, citing secrecy over the deal and risks to ranchers and dairy farmers.

Quetzal Recorded for the First Time at Little-Known Cartago Refuge

A resplendent quetzal has turned up somewhere few birders would think to look for one. The bird was recorded at La Marta Wildlife Refuge...

Two of Every Three Dairy Imports in Costa Rica Now Come From the US

Costa Rica imported $66.4 million in dairy products from the United States in the first eight months of 2026, nearly four times the $17.5...

Elena Rybakina Clinches Year-End World No. 1 Ranking After Tokyo Victory

Elena Rybakina has won the year-end World No. 1 ranking for the first time in her career, defeating fellow Kazakh Yulia Putintseva 6-2, 6-3...

Missing Caribbean Fishermen Found Alive in Colombia, Family Says

Three Costa Rican fishermen missing since Oct. 19 were found alive in Colombia, a relative says.

El Niño Squeeze on the Panama Canal Could Raise Costa Rica Import Costs

Drought at the Panama Canal could raise costs for Costa Rica's corn, soy and wheat imports, trade experts say.

Wha Happen? 13 Patois Phrases for Costa Rica’s Caribbean Coast

Heading to Puerto Viejo or Cahuita? Learn 13 Mekatelyu phrases, from wha happen to mek wi go, before you go.

Costa Rica’s Native Stingless Bees at Center of Supreme Court Fight

Costa Rica's tiny native bees have become the center of a legal battle that could affect beekeepers, honey producers and efforts to protect some...
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel