Costa Rica News, Daily News in Costa Rica by the Tico Times
September 24, 2009
 
   
LOGIN | SUBSCRIBE | GUIDEBOOKS | ARCHIVE SEARCH | CONTACT US |
| Home
| Top Story
| Business & Real Estate
Costa Rica Activities, Things to Do - Weekend Travel, Culture, Fishing | Weekend Section >
| The Nica Times
| Daily News
| Letters to the Editor
| Photo>
| Classified Ads >
| Exchange Rates
Central Bank
Reference Rate
BUY ₡ 584.01
SELL ₡ 593.72
| Previous Daily News
As China-Costa Rica trade talks
push forward, so does resistance

By Adam Williams
Tico Times Staff | awilliams@ticotimes.net

As deliberations over a possible free-trade agreement (FTA) between Costa Rica and China continue, opposition from some of Costa Rica's leading business associations is growing stronger.

“The country has not made a case as to why the country needs this free-trade agreement,” Tomás Pozuelo, president of the Food Industry Chamber (CACIA), told The Tico Times on Wednesday.

The CACIA and other groups including Costa Rica's Chamber of Industries have become more vocal in their protest against the agreement. Fernando Ocampo, the Costa Rican Foreign Trade Ministry's chief negotiator, who last week wrapped up the fourth round of trade negotiations with his Chinese counterparts, expects the deal will reach a final handshake in February 2010.

That would create enormous challenges for local businesses, say the deal's detractors.

“China is not a democracy, it works on different rules, it makes the cheapest products in the world. The question is, why are we doing this? What is the benefit to us? This is why we are against the treaty. No one has been able to tell us why we're creating this agreement,” Pozuelo said.

For the foreign trade authorities, however, the reasons for creating the FTA are obvious, and the benefits it will provide are too juicy to pass up.

“China has a consumption level that is growing every year and provides the opportunity to improve the amount of Costa Rican exports,” said Ocampo. “The agreement will also benefit local markets as the amount of Chinese investment enters the country.”

As the countdown to February continues, business leaders realize their lone opportunity to halt the agreement will come when the FTA is considered for approval in the Legislative Assembly. The industrial chambers said they are seeking to sway lawmakers over to their side of the debate.

See the Sept. 25 print or digital edition of The Tico Times for more on this story.

 
Comment on this article
First name *
Last name *
E-mail *
Country *
City *
Comment *
Max.: 1,800 characters How to add a comment

 
Name wrote on 09/24/2009 03:45:00 AM
Location City
Comment Well. The elites got a new stadium for free so they have to "give back". They could care less about the peasants. Have a close look at El Salvador, Honduras and Guatemala to see what CR will be like in a few years. The fatcats in those countries don't have an issue with riding around in bullet proof cars and neither will the Tico Ricos.
Name wrote on 09/24/2009 05:19:00 AM
Location City
Comment I usually don’t post on Blogs but ya forced me to, great info.. excellent! … I'll add a backlink and bookmark your site.

More Daily News

 
a
RETURN TO THE TOP OF PAGE

HOME | SUBSCRIBE | ADVERTISE | GUIDEBOOKS | BACK ISSUES | ARCHIVE SEARCH | CONTACT US | ABOUT US | NEWSSTANDS | LINKS | POLICIES