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


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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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