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

Costa Rica Reports First Chikungunya Case in Nine Years

Health authorities in Costa Rica reported the first chikungunya case in nine years. The patient, a 24-year-old man from Esparza in Puntarenas province, tested...

Panama hosts talks to coordinate Haiti support after UN funding effort falters

About thirty countries in Latin America and the Caribbean have been meeting in Panama since Monday to draft an emergency plan for Haiti, which...

Nicaragua convicts historic Sandinista commander of corruption

Nicaragua has convicted the historic Sandinista commander Bayardo Arce, a former economic adviser to President Daniel Ortega, on corruption charges and confiscated his assets,...

Junior Tennis Stars Shine as Copa del Café 2026 Concludes

The 61st edition of the Copa del Café wrapped up on January 24 at the Costa Rica Country Club in Escazú, where young tennis...

Winter Storm Triggers Flight Cancellations at Liberia Airport in Costa Rica

Flight disruptions hit Guanacaste Airport hard this week as a winter storm sweeps across the United States and Canada. Officials at Daniel Oduber Quirós...

Sinner Marches into Australian Open Quarterfinals as Heat Builds

Jannik Sinner’s bid for a third straight Australian Open title is intact, and for most of Monday it looked routine, even in the kind...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica