Second CAFTA Bill Passes Legislature

December 14, 2007

Legislators passed the second of 11 bills required to implement the Central American Free-Trade Agreement with the United States (CAFTA) this week.

Under the bill, companies that engage in corruption will be shut down for up to five years and their concession cancelled. People who bribe public officials, as well as officials who accept bribes, will go to jail for two to eight years. The bill also protects people who expose corruption.

The bill was approved unanimously Wednesday in one of the assembly´s three 19-member committees that have the power to pass laws. Legislators from the anti-CAFTA Citizen Action Party (PAC), voted for the bill, which will become law once President Oscar Arias signs it.

Last month, legislators passed the first CAFTA bill, which will regulate the relationship between foreign firms and their representatives in the United States. The remaining nine CAFTA bills are more controversial.

 

You may be interested

Strong winds cause three deaths in Costa Rica, one in El Salvador
Weather
1685 views
Weather
1685 views

Strong winds cause three deaths in Costa Rica, one in El Salvador

AFP - December 10, 2017

Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…

6 camouflaged Costa Rican creatures you probably haven’t seen
Environment and Wildlife
2291 views
Environment and Wildlife
2291 views

6 camouflaged Costa Rican creatures you probably haven’t seen

Lindsay Fendt - December 9, 2017

The jungle can be a scary place, and even for some of the fiercest of Costa Rica’s creatures, sometimes the…

National Geographic-Lindblad Expeditions ship makes first visit to Osa Peninsula
Cruises
2012 views
Cruises
2012 views

National Geographic-Lindblad Expeditions ship makes first visit to Osa Peninsula

The Tico Times - December 8, 2017

National Geographic and Lindblad Expeditions touched down for the first time on Costa Rica's renowned Osa Peninsula this week for…