Costa Rican companies and CAFTA

Costa Rica exporters still have a lot of work to do in order to benefit from the FTA, despite the fact that since January 1st their products can enter the US with zero tariff.

Monday, January 5, 2009

A study on the exploitation of the CAFTA-DR that was published in the El Financiero weekly from Costa Rica points out that "six years after waiting for CAFTA, the tuna, textiles and ethanol sectors, which will benefit immediately from the agreement, will see the results little by little.



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Nicaragua and DR-CAFTA

April 2011

Nicaragua is one of the countries which has benefited the most from the Free Trade Agreement.

Robert Callahan, U.S. Ambassador in Nicaragua, added that the Central American country currently has a positive trade balance of $1.078 with the U.S.

Additionally, exports to the North American country have increased 71% in the past five years, from $1.170 million in 2005 to $2.012 million in 2010.

Guatemala, 5 Years after CAFTA-RD

June 2010

Exports have grown a mild 3.4%, with agricultural goods leading the way; Guatemala’s trade balance with the U.S. remains negative.

It is possible that the U.S economic crisis prevented the treaty from producing better results for Central American nations, but it is also probable that it helped soften the negative economic effects of said crisis.

US Lifts Tariffs on Costa Rican Sugar Imports

June 2010

The Central American country will be allowed to ship 138.880 tons of tariff-free sugar, as agreed in DR-CAFTA.

President Barack Obama signed the document last week. The resolution must now be published in the U.S. official newspaper, and customs officers must make the corresponding adjustments.

Trade with US up by 20 percent in two years of Cafta

July 2008

Trade in some of the countries involved has grown by 20 percent since the introduction two years ago of the Cafta accord between the United States and Central America and the Dominican Republic, according to US Department of Trade figures.

The Cafta countries – excluding Costa Rica, which las a latecomer to the pact – by the end of last year had registered exports of US18.75 billion to the United States, while recording imports of close on US$22.41 billion.

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