Costa Rican legislators give green light to free market in telecoms
The first reading of a bill to open up Costa Rica's telecommunications market was approved by legislators at the second time of asking.
Friday, May 2, 2008
Twenty-nine members of the single-chamber Legislative Assembly voted for the proposal, while 13 opposed it.
Congress yesterday approved in a first hearing the General Telecommunications Law, which opens the way to competition as part of the implementation of the free-trade agreement with the United States, Agencia EFE reports.
A bill that opens telecommunications to competition passed its second and last reading in the Costa Rican Congress. The controversial bill forms part of the requisites for complying with the free trade agreement with the United States.
The Constitutional Court has endorsed a tax on corporations, which had been sent for review by opposition legislators.
The telecommunications monopoly that the government's Costa Rican Electricity Institute (ICE) exercised for five decades has finally been overthrown.
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