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

Fonseca and Arévalo Keep Latin America Alive at Wimbledon

Latin America’s Wimbledon picture has narrowed quickly, leaving Brazil’s João Fonseca as the region’s clearest singles contender and El Salvador’s Marcelo Arévalo as Central...

João Fonseca Leads Latin American Hopes on Wimbledon Day 1

Latin American tennis gets a crowded opening day at Wimbledon today, led by João Fonseca, Francisco Cerúndolo and Beatriz Haddad Maia as the region...

Costa Rican Soccer Hit by Match-Fixing Scandal

Costa Rican soccer is facing one of its most serious integrity cases in recent years after three players were suspended for 15 years over...

Costa Rica Tourism Growth Masks Warning Sign at San José Airport

The San Jose airport recorded a drop in international tourist arrivals in May, even as Costa Rica’s overall air tourism numbers continued to grow,...

Frontier Airlines Set to Leave San José, Costa Rica, in Latest Route Cut

Frontier Airlines is preparing to pull back from San José, Costa Rica, removing its service at Juan Santamaría Airport from the schedule as part...

Taylor Swift, Travis Kelce and the Costa Rica Sloths Named After Them

As Taylor Swift and Travis Kelce draw global attention around a reported wedding celebration at Madison Square Garden in New York, Costa Rica’s...

What Costa Rica’s Weather Looks Like This Week as an Early Dry Spell Sets In

Costa Rica goes into the first week of July under a markedly dry and windy pattern across the Pacific and the Central Valley, as...

Honduras Macaw Rescue Effort Draws Attention to Narco Threats

A new report from The Nation has put international attention on a remote corner of eastern Honduras, where Indigenous Miskito guardians are protecting the...

Costa Rica Starts Bridge Renovation on Busy Route

Drivers and pedestrians using one of San José’s busiest road corridors face temporary changes Tuesday as renovation work begins on a pedestrian bridge over...
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