No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCAFTA Discussion Limps Slowly Ahead

CAFTA Discussion Limps Slowly Ahead

The Central American Free-Trade Agreement with the United States (CAFTA) has been under debate in the Legislative Assembly since December – but it appears little progress has been made.

The International Affairs Commission, charged with discussing the pact before sending it to the assembly’s main floor for a vote, has invited 30 leaders from various sectors to appear at its weekly CAFTA meetings, held Wednesday mornings. So far, only three people have spoken, thanks to the extensive list of questions presented by commission members, according to the daily La Nación.

Foreign Trade Ministry personnel –namely, Minister Manuel González and Vice-Minister Doris Osterlof – have made multiple appearances, and anti-CAFTA ex-President Rodrigo Carazo spoke earlier this month when González was out of the country (TT, April 7). More than two dozen others on the list remain.

What’s more, 40 additional groups are petitioning the committee for a chance to speak, the daily reported. Only time will tell whether the legislators who will take office Monday will continue with the schedule and approach of the commission.

CAFTA has already taken effect among the United States, El Salvador and Nicaragua, and has been ratified by all other signatory countries except Costa Rica.

President-elect Oscar Arias has said Costa Rica’ lawmakers will approve the agreement within six months after he takes office May 8.

“Nobody would invest a penny in this country if we’re not part of the free-trade deal with the United States,” he told the press.

 

Trending Now

Panama Denies US Military Exercises Target Venezuela Amid Tensions

Panama's president says that ongoing US military exercises within the country carry no hostile intent toward Venezuela. The declaration comes amid rising regional tensions...

Costa Rica Fans React to World Cup 2026 Elimination

Our national soccer team finished their 2026 World Cup qualifying run with a 0-0 draw against Honduras on Tuesday night. The result put the...

Costa Rica Supreme Court Extends OIJ Directors Suspension

The Supreme Court of Justice extended the suspension of Randall Zúñiga as director of the Judicial Investigation Agency (OIJ) for three more months on...

FBI Team Lands in Guatemala to Hunt Down Escaped Barrio 18 Leaders

A team from the FBI's Joint Task Force Vulcan touched down in Guatemala yesterday to assist local forces in tracking down 16 fugitive leaders...

Costa Rica Colón Exchange Rate Dips to ¢499 – Raising Concerns

The Central Bank of Costa Rica reported the buy rate at 499.46 colones per dollar on November 12, with similar levels persisting into the...

Costa Rica Agriculture Gains from US Executive Order

Costa Rica’s agricultural exporters breathed easier last week after the United States lifted tariffs on key products, restoring duty-free access under long-standing trade agreements....
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