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
Lifeguards call for help in Costa Rica: support their work in OsaPerry Gladstone - October 20, 2018
Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…
Costa Rica Rocks: An evening of progressive metal at Jazz CaféEduardo Doryan - October 20, 2018
So there I was, at the fabled Melico Salazar Theater, about to experience the pleasure of seeing the Costa Rican…