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 Reviews Concession to Modernize Route 32 Highway

Costa Rica's Route 32, which connects the Greater Metropolitan Area with the province of Limón, is often closed due to landslides. Sometimes, the road...

Climate Change Could Push Young Latin Americans into Poverty

Climate change will push six million Latin Americans and Caribbeans under the age of 25 into poverty by 2030, according to a report released...

Hollywood Actress Anna Kendrick Marks Birthday with a Costa Rica Getaway

Hollywood actress Anna Kendrick chose Costa Rica for her 40th birthday celebration this month. The star, known for roles in films like Pitch Perfect...

Guatemala Frees Hostages After Prison Gang Riots

Guatemalan authorities freed hostages on Monday who were being held by gang members in two prisons, including a juvenile facility, in riots attributed to...

Costa Rica National Parks to Measure Tourism Impact

Costa Rica will now be able to measure the impact of tourism in its national parks, thanks to innovative environmental technology from The NeverRest...

Outrage in Costa Rica After Man Suspected of Killing 14 Dogs Is Released

A man identified by the surnames Ulloa Bustos, suspected of killing at least 14 dogs in the rural town of Pocora, was released after...
Avatar
spot_img
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