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

Costa Rica Red Cross Considers Ending Overnight Shifts at 20 Branches

The Costa Rican Red Cross is considering eliminating overnight shifts at 20 local branches as financial pressure continues to affect its emergency-response network. The...

US Flags Costa Rica Again Over Illegal and Unreported Fishing Concerns

Costa Rica is once again under scrutiny from the United States over shortcomings in the monitoring of its fishing fleet, less than three years...

Costa Rica’s First Artificial Beach Runs on Well Water as Guanacaste Dries Out

Costa Rica's first artificial beach draws on well water as Guanacaste heads into an El Niño dry season with forecasts of 80% less rain.

Costa Rica Beats Haiti 2-0 as Bryan Ruiz Finishes Interim Run Unbeaten

Costa Rica beat Haiti 2-0 last night at Estadio Ricardo Saprissa, closing its Concacaf Nations League group stage with a second consecutive victory under...

Panama Celebrates Removal From European Union Tax Blacklist

The European Union announced today that it had removed Panama and Vietnam from its tax haven blacklist, citing progress made by both countries. The...

Water Upgrades for Jacó, Quepos and Manuel Antonio Stall After Seven Years

A loan-funded program to upgrade water systems in Jacó, Quepos, Manuel Antonio, Limón and Guácimo has reached just 25% completion after seven years, according...

Is Snoop Dogg’s Costa Rica Concert Still Happening?

Snoop Dogg’s highly anticipated concert in Costa Rica remains scheduled for December 3, despite recent legal developments involving one of the event’s producers. The...

New Details Reveal Political Contacts of Producers in Costa Rica Money-Laundering Probe

New details emerging from Costa Rica’s investigation into alleged drug-money laundering through concerts show that two prominent event producers detained this week had recent...

Landslide Forces Closure of Costa Rica’s Road to Limon Again

Heavy rain triggered a landslide on Route 32 late last night, forcing authorities to close the mountain crossing used by drivers traveling between San...
Loading…

Latest News from Costa Rica

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