Costa Rica passes final bill needed for CAFTA

November 7, 2008

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.

Facebook Comments

You may be interested

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
312 views
Changemakers
312 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry 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 Café
Arts and Culture
178 views
Arts and Culture
178 views

Costa Rica Rocks: An evening of progressive metal at Jazz Café

Eduardo Doryan - October 20, 2018

So there I was, at the fabled Melico Salazar Theater, about to experience the pleasure of seeing the Costa Rican…

PeaceJam to host first Youth Summit in Costa Rica
Peace Talks
690 views
Peace Talks
690 views

PeaceJam to host first Youth Summit in Costa Rica

Alejandro Zúñiga - October 19, 2018

Nobel Peace Laureate Jody Williams will headline the first PeaceJam Youth Summit in Costa Rica next month. The event, scheduled…