Contentious CAFTA - A Turning Point for Costa Rica?

Five of the six countries, including Costa Rica, which signed the Central American Free Trade Agreement (CAFTA) with the United States, have now ratified it.

Thursday, April 24, 2008

Oscar Arias, Costa Rica’s Nobel Laureate president, signed the agreement in November 2007, after the pro-CAFTA forces in his country won a hard fought election by a margin of approximately 3 percent. The necessary and enabling legislation is now moving slowly through its National Assembly despite resistance from its opponents. The pro-CAFTA legislative super majority of 38 has managed to hold tight. But, if one member of this center-right alliance becomes ill, or incapacitated, a vote cannot be cast.

More on this topic

Costa Rica Ratifies Copyright Law

April 2010

The Legislative Assembly ratified the last bill pending to implement the Free Trade Agreement with the U.S. and Central America.

This bill changes several copyright related laws (their names in Spanish: “Ley de Derechos de Autor y Derechos Conexos”, “Ley de Procedimientos de Observancia de los Derechos de Propiedad Intelectual” and “Ley de Información no divulgada”).

Costa Rica: New extension of CAFTA until December 31

October 2008

The US and other FTA partners granted 3 months more so that Costa Rica can complete the approval of the projects and regulations needed in order to bring the trade agreement into force.

The new extension was made official yesterday on the last day provided, so that the efforts of the Government and its allies in favor of CAFTA would not go to waste.

Costa Rica gets second extension on CAFTA

September 2008

Costa Rica received a new indefinite extension to fully approve all the requirements of the FTA with the United States (CAFTA).

Yesterday in New York, the presidents of the countries which have signed the agreement endorsed the procedure with which the Legislative Assembly will amend the last project of the implementation agenda and granted a new extension on the term which was set to expire next Tuesday.

Costa Rica-U.S. Free Trade Agreement hits problems

June 2008

The Free Trade Agreement between with the United States remains in limbo as the Costa Rican Congress still has not ratified it.

Errors in processing the agreement in the assembly and delays in approving several complementary laws mean the deal might not be passed before Congress adjourns next October.

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