FTA between Costa Rica and the US comes into effect

Since yesterday 99% of Costa Rican exports will enter the US market tariff-free.

Friday, January 2, 2009

According Elheraldo.hn, "the United States is Costa Rica's main trading partner and buys half of its exports at over 9 billion dollars annually; however demand could fall due to the financial crisis that is affecting the US economy.

It is expected that telecommunications and insurance will absorb most of the foreign investment as these are sectors that will soon be open to private competition as a result of the the FTA, after decades of State monopoly."



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Costa Rica Accuses El Salvador of Violating FTA

September 2013

The country has invoked the dispute settlement mechanism of the CAFTA-DR, over alleged violation by El Salvador of the tariff reduction program.

From a press release issued by the Ministry of Foreign Trade of Costa Rica (COMEX):

The Ministry of Foreign Trade has requested the consultations mechanism against El Salvador, under the dispute settlement process of the Free Trade Agreement between Central America, the Dominican Republic and the United States of America (CAFTA), after a refusal, on the part of Salvadoran authorities to implement the tariff reduction program outlined in the aforementioned treaty on the import of products originating in Costa Rica.

The Benefits of CAFTA for Nicaragua

May 2012

Nicaragua now has a surplus of $1 billion and trade with the country has grown by 75% in six years, thanks to the DR-CAFTA, overtaking Guatemala and the rest of the region.

Six years after coming into force and following record levels of growth in trade and investment, Nicaragua has become the region’s unlikely poster child for DR-CAFTA.

Adjustments to CAFTA-DR

February 2011

The Dominican Republic, Central America and the U.S. agreed to make adjustments in agriculture, sanitary standards, textiles and disputes.

During the meeting held in El Salvador, government representatives began the meeting by reviewing developments in trade and investment.

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.

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