HomeArchiveCAFTA Gains Two Small Victories

CAFTA Gains Two Small Victories

Two votes this week brought Costa Rica closer to entering a free-trade agreement with the United States.

Lawmakers scheduled extra sessions to discuss bills required to implement the Central American Free-Trade Agreement with the United States (CAFTA).

The Constitutional Chamber of the Supreme Court (Sala IV) also handed a victory to the treaty’s supporters by finding only minor problems with the most controversial CAFTA bill.

That bill opens the telecommunications sector to competition, taking away a state monopoly from the Costa Rican Electricity Institute (ICE).

The Sala IV found nothing wrong with the bill’s substance, or the unprecedented fast-track method used to pass it Feb 13.

Still, justices identified two procedural glitches, forcing lawmakers to redo the vote after further debate.

In another victory for CAFTA, the Citizen Action Party (PAC), which opposes the treaty and has filibustered the bills, compromised this week on a schedule for debate. For the next two weeks, lawmakers will discuss CAFTA bills during three mornings and three afternoons.

During a fourth morning, they will debate consensus bills to help shantytown dwellers and small producers and promote public concession projects.

Lawmakers have passed five of the 12 CAFTA bills, which must take effect by Oct. 1.

 

Trending Now

Rents in Costa Rica Outpace Inflation Nearly 10 to 1 but Leases Cap the Hit

Rents rose 3.27% in a year while inflation was 0.34%. Here is what the law lets your landlord charge mid-lease and at renewal.

Landslides Close Costa Rica’s Route 32 Between San José and Limón

Costa Rica’s main highway between San José and the Caribbean remained closed this morning after heavy rain triggered landslides at several points along...

1 Million Coral Embryos Return to a Costa Rica Reef in a National First

Researchers in Manzanillo raised coral larvae in a lab for the first time in Costa Rica and returned nearly 1 million embryos to the reef.

Woman Sought After 74-Year-Old American Found Dead in Playas del Coco

Police in Guanacaste are seeking a woman seen leaving a Playas del Coco condominium where a 74-year-old American man was later found dead.

Costa Rica’s Pensionado Visa Ranks Fourth in Global Retirement Index

Costa Rica's Pensionado visa ranks fourth of 46 retirement programs worldwide on its $1,000 income rule and tax treatment. Paperwork is the weak spot.

Costa Rica Raises Mandatory Vehicle Insurance Rates for 2027

Anyone owning a car in Costa Rica will face higher mandatory insurance costs in 2027, with private vehicles, motorcycles and buses among the categories...

Dollar Slips Back Toward 450 Colones, Shrinking What Your Dollars Buy

The dollar closed Friday at 452.92 colones on Monex, down from 460.45 on Oct. 1, reducing what anyone earning or saving in dollars gets in Costa Rica.

Costa Rica’s Brisa Hennessy Wins in Portugal and Jumps 20 Places Toward the 2027 World Tour

Costa Rican surfer Brisa Hennessy won the EDP Ericeira Pro with a late 7.50 wave, climbing from 24th to fourth in the Challenger Series standings with one event left.

Panama Celebrates Removal From European Union Tax Blacklist

The European Union announced today that it had removed Panama and Vietnam from its tax haven blacklist, citing progress made by both countries. The...
Loading…

Latest News from Costa Rica

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