Pressure grows to ratify Costa Rica-Panama free trade
It's been eleven months since the Free Trade Agreement betwen Costa Rica and Panama was signed, and now Costa Rica's business community is pressuring the Legislative Assembly to ratify it.
Friday, July 25, 2008
The agreement was signed Aug. 7, 2007 and is now being pondered by the Commission for International Affairs of the Legislative Assembly.
Legislators have to ratify the decision in a second round of voting once the period of ordinary sessions start next week.
Eleven months after it was signed, Costa Rica legislators will push the government to put the send the agreement to the Congress for debate during the month of August so that it can coming into force by the end of October.
The expected growth projections for Panama that emerged after the ratification of NAFTA have not been achieved.
Costa Rica legislators should approve the agreement this week at the latest after the second debate on the commercial agreement with Panama.
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