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’s First Female Extradition Suspect Faces Legal Battle Over Transfer to United States

Appeal pauses extradition of La Güera, the first Costa Rican woman ordered sent to the US on cocaine charges.

Prison Cases at Costa Rica’s Constitutional Court Jump 124% Amid Crackdown

Prison-related cases at Costa Rica's Constitutional Chamber rose from 2,130 in 2020 to 4,780 in 2025, as tougher prison rules collide with the state's duty to feed and treat inmates.

Five Costa Rica Regions on Yellow Alert as Saturday Rain Hits Soaked Ground

If you live in or are traveling through the Central Valley, the Pacific coast or the Northern Zone, you are now under a yellow...

Costa Rica Heads to Ecuador and Argentina Without Keylor Navas

Bryan Ruiz will take Costa Rica into its toughest test of the year without Keylor Navas. The veteran goalkeeper was left out of the...

Costa Rica Removes Don Pepe Figueres Monument After Protest Vandalism

Costa Rica’s Ministry of Culture and Youth removed the bronze monument to former President José Figueres Ferrer from San José’s Plaza de la Democracia...

Have a US Visa Appointment Wednesday? The Embassy Will Be Closed

The US Embassy and visa section in San José close Nov. 11 for Veterans Day and reopen Thursday.

Kilos of Marijuana Seized Off Costa Rica’s Border With Panama

Costa Rica's Coast Guard intercepted a speedboat carrying 2,648 packages of marijuana in the South Pacific this week in an operation coordinated with the...

How Living in Costa Rica Changed the Way I See the World

When speaking of the 1980s and 90s, I like to refer to it as the previous century. “In the previous century, we didn’t have...

El Refugio Costa Ballena: Making a Difference for Animals and the Community

From rescuing animals in need to providing affordable spay/neuter surgeries and supporting community members’ loving pets, one local nonprofit is changing the lives of...
Loading…

Latest News from Costa Rica

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