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’s President Says US Government Already Operates on Costa Rican Soil

President Laura Fernández said U.S. government agencies already carry out operations on Costa Rican territory, describing them as the continuation of existing security arrangements...

The Rare Costa Rica Parasite That Sent Me to Surgery

Did you know there is a rare and unusual intestinal parasite whose scientific name mentions our country? I am referring to the ‘Angiostrongylus Costaricenses’,...

El Salvador’s New National Stadium Hits 75% as 50,000 Seats Arrive From China

El Salvador's new National Stadium is three-quarters built, President Nayib Bukele announced Thursday, and when it opens next year its 50,000 seats will make...

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 Water Outage to Affect 13,000 in Heredia

More than 13,000 people in San Rafael de Heredia are expected to lose water service for six hours today, while crews clean two storage...

Costa Rica’s OIJ Warns of Motorcycle Groups Blocking Roads and Attacking Drivers

Packs of motorcyclists performing stunts, blocking traffic and in some cases assaulting drivers who confront them have become a serious problem, an OIJ traffic crimes chief warned.

ATP Proposes $350 Million Player Compensation Plan and Major Ranking Changes

The ATP has unveiled plans to increase annual player compensation to approximately $350 million by 2028, alongside major changes to the men's professional tennis...

Pandora Closes All Five Stores in Costa Rica, Leaving Shoppers With Questions

Jewelry retailer Pandora has closed all five of its stores in Costa Rica, leaving customers wondering whether the popular Danish brand plans to reopen...

Costa Rica Searches Guácimo Farm for the Bodies of 10 Missing People

Investigators searched seven homes on a Guácimo farm linked to the Coco Guácimo network after tips that at least 10 missing people may be buried there.
Loading…

Latest News from Costa Rica

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