No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica passes final bill needed for CAFTA

Costa Rica passes final bill needed for CAFTA

Costa Rica has cleared the last hurdle to joining the Central American Free-Trade Agreement with the United States (CAFTA).

Lawmakers this week passed the last bill required to enter the treaty, which also includes Nicaragua, Honduras, El Salvador, Guatemala and the Dominican Republic.

A Costa Rican delegation will meet with U.S. officials in Washington, D.C., this month to finalize the pact.

In addition to knocking down trade barriers, the treaty will strengthen intellectual property rights and open the state telecommunications and insurance monopolies.

Costa Rica signed CAFTA in May 2004. Voters approved it in a referendum in October 2007. It has been delayed by filibustering by opposition lawmakers.

Trending Now

Costa Rica’s World Cup Hopes on the Line in Match Against Honduras

Costa Rica's national team faces a defining moment tomorrow in their quest for a spot at the 2026 World Cup. A recent 1-0 loss...

US Military’s 20th Strike on Drug Boat in Caribbean Claims Four Lives

US military forces carried out their 20th strike against a boat suspected of drug trafficking in the Caribbean Sea, resulting in four deaths, according...

Miss Mexico’s Walkout Protest Ends in Miss Universe Victory

Miss Mexico was crowned Miss Universe in Thailand on Friday, strutting to victory after several dramatic missteps before the final round, including staging a walkout...

US Military Revives Bases in Panama and Puerto Rico

Washington has moved forward with reactivating shuttered military installations in Panama and Puerto Rico to increase its regional footprint. Efforts to do the same...

Costa Rica Starts Work on Key Tempisque River Bridge in Guanacaste

Officials from the Ministry of Public Works and Transportation kicked off a major renovation of the bridge over the Tempisque River in Guardia de...

Costa Rica Tourism Crisis as 22,000 Jobs are Lost in Downturn

Costa Rica's tourism industry faces a sharp downturn, with roughly 22,000 jobs lost in the past year. This drop hits hard in coastal and...
Avatar
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