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 Wildlife Survey Reveals 60 New Species Records in Urban Heredia

A wildlife survey in one of Costa Rica's busiest urban areas has added 60 new species records to a local inventory, showing that birds,...

Costa Rica Opens Bidding for $770 Million San José–San Ramón Highway Expansion

Costa Rica has opened international bidding for a $770 million expansion of the San José–San Ramón highway. The project includes additional lanes, new bridges, upgraded interchanges and proposed tolls, with construction expected to begin in 2027.

Costa Rica Gives SINPE Móvil Businesses 12 Months to Register Payment Numbers or Face Fines

If you get paid through SINPE Móvil for a business, a rental or freelance work in Costa Rica, you will soon have to tell...

More Than 2,000 Caught Entering Costa Rica Parks Illegally

Over 2,000 people were caught entering Costa Rica national parks illegally in three years. A new seal now targets tour transport.

Panama Canal Sets Cargo Record Amid Hormuz Closure Despite El Niño

The Panama Canal handled a record volume of cargo, driven by the closure of the Strait of Hormuz in the Middle East, despite traffic...

Costa Rica Begins Rebuild of the Airport Serving Quepos/Manuel Antonio

Work began on a $13.4 million upgrade of the Quepos airport near Manuel Antonio, adding room for nine small aircraft now and a new passenger terminal by 2028.

Costa Rica Office Vacancy Could Hit 27% by 2030 as Multinationals Cut Jobs

Costa Rica office vacancy could reach 27.1% by 2030 as multinationals cut 2,205 free-zone jobs, an analyst warns.

Thousands March as Costa Rica Lawmakers Cut 8 Billion Colones From Public Universities

Thousands of students, university staff, union members and social activists marched through San José yesterday against cuts to public university funding. Late that night,...

Costa Rica Unveils New ₡100 Coin Celebrating Limón Calypso

Costa Rica is paying tribute to one of its most distinctive musical traditions with a new ₡100 coin celebrating Limón calypso, a genre deeply...
Loading…

Latest News from Costa Rica

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