HomeArchivePenultimate CAFTA Bill Clears Legislative Assembly

Penultimate CAFTA Bill Clears Legislative Assembly

Lawmakers have passed the 12th of 13 bills required to implement the Central American Free-Trade Agreement with the United States (CAFTA).

The bill, a series of amendments, will allow Costa Rica to enter into CAFTA 90 days earlier than the treaty now allows. It also changes rules of origin for two items of clothing: pockets and swimsuits for women who have had mastectomies.

For pants to cross borders tariff-free, the pocket must now come from another CAFTA country – Guatemala, El Salvador,  Honduras, Nicaragua, the United States or the Dominican Republic.

Swimsuits are now tariff-free no matter where their fabric comes from, said María Quince, director of the Costa Rican Textile Chamber, who rooted for the bill.

 

Trending Now

Costa Rica Proposes Ending Electric Vehicle Tax Breaks

Anyone thinking about buying an electric vehicle in Costa Rica could eventually face a much higher tax bill under a new government proposal that...

Costa Rica Flooding Hits More Than 400 Homes After Tropical Wave

More than 400 homes were flooded across Costa Rica over the weekend as Tropical Wave 47 brought heavy rain to several parts of the...

President Fernández Wants Private Jets Landing in Quepos

Costa Rica's president says a tender is already underway for a private-aviation upgrade at the Quepos airfield near Manuel Antonio, with a new passenger terminal to follow.

El Niño Could End Costa Rica’s Rainy Season Early This Year

El Niño could end Costa Rica's rainy season early. Here is what an 80% September rain shortfall in Guanacaste means for your water and plans.

Costa Rica Braces for Afternoon Storms as Tropical Wave No. 48 Arrives

Tropical Wave No. 48 is expected to cross Costa Rica today bringing a greater chance of afternoon downpours and thunderstorms as already wet areas...

Costa Rica’s Rincón de la Vieja Volcano Remains Active

Rincón de la Vieja volcano continued producing small eruptions and releases of gas today, a day after a moderate eruption sent a plume as...

Costa Rica Fires Foreign Minister After Trump Meeting Dispute

President Laura Fernández fired Foreign Minister Manuel Tovar today after saying he failed to tell her about a high-level security meeting with U.S. President...

Costa Rica Tourism Loses 20,000 Jobs as Strong Colón Squeezes Small Operators

Costa Rica's tourism sector employs 20,137 fewer people than two years ago, with microbusinesses hit hardest as the strong colón erodes margins.

Costa Rica Takes Growing Role in U.S. Deportation Program

Costa Rica has quietly become an important destination in a growing U.S. deportation program that sends migrants to countries they are not from, leaving...
Loading…

Latest News from Costa Rica

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