Costa Rican industrialists oppose free trade agreement with Colombia

September 25, 2012

Members of Costa Rican Chamber of Industries (CICR) stated that the signing of a free trade agreement with Colombia may cause layoffs and bankruptcies in Costa Rica, especially at small and medium companies.

Industrialists warned in a press conference Tuesday that both countries’ economies “are rivals and not complementary, and such an agreement can damage the chemical, plastics, textile, leather, footwear, electronics, paper and cardboard sectors.”

CICR President Juan Ramón Rivera told reporters to watch closely what is happening with the agreement, which is being discussed in a second round of negotiations this week in San José.

He added that the agreement is seeking the exclusion of a vast majority of local products, as well as textile, food and printing industries, in their entirety. He also stated that Colombia offers benefits to its productive sector such as electricity at a cost that is 31 percent cheaper than that offered by Costa Rica, and that Colombia’s workforce is less expensive.

As part of the negotiation process, from Sept. 6-13, the Foreign Trade Ministry conducted a consultation process on goods and services, through which the various productive sectors had the opportunity to present their positions. A third consultation is scheduled to take place in October.

Facebook Comments

You may be interested

Off the eaten path: Bar y Restaurante Rio de Janeiro
Dining and Nightlife
138 views
Dining and Nightlife
138 views

Off the eaten path: Bar y Restaurante Rio de Janeiro

William Ayre - October 19, 2018

Apart from its name and a mural inside featuring the namesake city in Brazil, Rio de Janeiro is a very…

Buchón cantina: Spritz cocktails to dine for
Dining and Nightlife
926 views
Dining and Nightlife
926 views

Buchón cantina: Spritz cocktails to dine for

Natalia Díaz - October 18, 2018

Buchón was the first place I tasted the Aperol Spritz, months before it became fashionable around San José. In fact,…

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?
Tico Times Shade
3279 views
Tico Times Shade
3279 views

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?

Alejandro Zúñiga - October 18, 2018

It’s not often The Tico Times writes an explainer about basic Costa Rican daily living that’s equally surprising to a…