HomeArchiveTrade Official Outlines Complementary Agenda

Trade Official Outlines Complementary Agenda

DORIS Osterlof, the Vice-Minister of Foreign Trade, met this week with representatives from various business sectors and the press to explain in detail the collection of loans and associated development programs known as the Complementary Agenda for the Central American Free-Trade Agreement with the United States (CAFTA).The agenda is intended to strengthen Costa Rica’s ability to compete if CAFTA is ratified by the Legislative Assembly. Osterlof emphasized that what has often been referred to as the Complementary Agenda – $355.4 million in loans under consideration in the assembly – is in fact only the part of the agenda for which funding has already been arranged, and that more programs will be unveiled in the future as more funding is obtained.Osterlof said preparation for CAFTA needs to be thought of as a long-term process, pointing out that trade changes under CAFTA are implemented gradually over a period of 10 years, and the Complementary Agenda does not have to be “everything at once.”The Vice-Minister’s repeated assertions that the programs unveiled to date do not constitute the entire agenda come after a report recently released by President Abel Pacheco’s Council of Notables said the government’s agenda does not do enough to prepare the country for changes under CAFTA (TT, Sept. 30). Pacheco formed the five-member council to analyze the text of CAFTA and how the pact would affect Costa Rica.Osterlof described in detail only the components of the agenda pertinent to the Trade Ministry – programs aimed specifically at strengthening the competitiveness of businesses that produce both for export and for internal consumption, and at strengthening public institutions to handle the changes CAFTA would bring about.

Trending Now

Alcaraz Wins First Paris Masters Title Ahead of ATP Finals

Carlos Alcaraz won his first Paris Masters title Sunday, beating American Ben Shelton 7-6 (5), 7-5 to claim his fifth trophy of the season...

El Niño Could Leave 306,000 People in Costa Rica Short of Water

More than 306,000 people in Costa Rica could face problems getting drinking water as the strongest El Niño on record dries us out, according...

Costa Rica Flights Caught in Only the Third Nationwide US Ground Stop Ever

The FAA stopped all US departures Friday. Here's what it means if you're flying to or from Costa Rica.

Costa Ricans Could Vote on Reopening Crucitas to Gold Mining

Costa Ricans could be asked to decide at the ballot box whether gold mining returns to Crucitas, after President Laura Fernández confirmed that her...

Guided Hikes in Costa Rica Would Need ICT Licenses and Insurance Under New Bill

Companies that sell or lead guided hikes in Costa Rica would need a license from the Costa Rican Tourism Institute (ICT) and insurance covering...

Strong Winds Up to 75 km/h and Rain Forecast for Costa Rica

Trade winds gust up to 75 km/h in northern Guanacaste Tuesday, with afternoon storms on the Pacific. Here is your forecast.

Costa Rica Is One Vote From Co-Hosting the 2031 Women’s World Cup

Costa Rica is one step away from co-hosting the 2031 FIFA Women's World Cup, the biggest tournament in women's soccer. FIFA said Wednesday that...

Women in Costa Rica Can Now Choose a Female Uber Driver

Women in Costa Rica can now request a female Uber driver. Here is how Uber Mujeres works.

Luisa Stefani Moves Closer to WTA Finals Semifinals After Dramatic Comeback

Brazil's Luisa Stefani and Canadian partner Gabriela Dabrowski moved closer to the WTA Finals doubles semifinals Wednesday after producing a dramatic comeback to defeat...
Loading…

Latest News from Costa Rica

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