President of Panama and Costa Rica sign FTA
Panamanian President Martin Torrijos will travel to Costa Rica on October 24 to sign the FTA between the two countries.
Friday, October 24, 2008
The sign ceremony for the Free Trade Agreement between both countries will be held at the Presidential House in Costa Rica.
Legislators have to ratify the decision in a second round of voting once the period of ordinary sessions start next week.
The Constitutional Court endorsed the FTA with Panama after finding no conflicts with the Constitution; the project will be voted on in Congress in the next few days.
The full session of Congress unanimously approved the Free Trade Agreement (FTA) with Panama yesterday after the second reading and debate.
The expected growth projections for Panama that emerged after the ratification of NAFTA have not been achieved.
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