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.
You may be interested
Biden says nearly half of world leaders asking for US vaccine helpAFP - May 11, 2021
President Joe Biden said Tuesday that almost half the world's leaders have contacted him, asking for US help in obtaining…
Costa Rica coronavirus updates for Tuesday, May 11The Tico Times - May 11, 2021
Costa Rica registered 2,555 new cases of Covid-19 on Wednesday May 5; 2,559 on Thursday, May 6; 2,392 on Friday,…
Costa Rica beats the USA, wins third consecutive futsal titleAlejandro Zúñiga - May 11, 2021
The Costa Rica men's futsal team won its third-straight CONCACAF title with a 3-2 victory over the United States on…