No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Forbes Spotlights La Fortuna’s Turn Toward Costa Rican Fine Dining

A Forbes travel feature published on the 14th argues that La Fortuna is quietly redefining what upscale dining looks like in Costa Rica, and...

What Costa Rica’s Record-Low Dollar Means for Expats and Retirees

The dollar fell to another all-time low on Costa Rica's Foreign Exchange Market (Monex) on Wednesday. The drop extends a slide that is steadily...

Costa Rican TikTok Star Julián Valverde Reported in ICE Custody

Costa Rican content creator Julián Valverde, known online as Julián Valjota, is in the custody of US Immigration and Customs Enforcement. A source close...

Why Experts Say Costa Rica Is the Best Wellness Trip After 50

Costa Rica keeps turning up at the top of lists aimed at older travelers and retirees. The latest comes from Travel + Leisure, which...

Video of Costa Rica’s 119-Year-Old Man Making a Bid to Be Oldest Ever

José Flores Flores, the Guanacaste farmer who turned 119 in July, is now at the center of a formal effort to have him recognized...

Costa Rica Velodrome Shows Damage Less Than Two Weeks After Upgrade

Less than two weeks after reopening following more than ₡105 million (about $219,000) in repairs, the velodrome at Parque de La Paz in southern...

Costa Rica Again Included on U.S. Major Drug Transit List

Costa Rica has again been included on the United States’ annual list of countries considered major routes or sources for illegal drugs entering the...

Costa Rica’s Two-Century Fight to Keep Its Orchids

For nearly two centuries, Costa Rica's forests have drawn collectors chasing the same prize. It has one of the richest orchid floras on the...

Costa Rica Data Leak Probe Widens as Prodhab Opens Its Own Case

Costa Rica's Agency for the Protection of Inhabitants' Data (Prodhab) has opened its own investigation into an alleged mass leak of personal data on...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

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