CAFTA-RD will apply in Costa Rica in January

After 4 years of paperwork the Free Trade Agreement will enacted on January 1st, with the blessing of the US government.

Wednesday, December 24, 2008

"I am happy to celebrate the enacting of this important international agreement", stated Susan Schwab, Commerce representative, according to the article by prensalibre.com.



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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.

FTA between Costa Rica and the US comes into effect

January 2009

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

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.

Costa Rica will ask for an extension on CAFTA without a deadline

September 2008

Costa will ask the United States this week for an extension without a deadline to approve the last law required for CAFTA to come into force.

"I will see if they accept that when we make the pertinent modifications, which the Constitutional Court recommended, the commercial agreement will finally come into force," declared Oscar Arias, President of Costa Rica, in statements published in the La Prensa Libre newspaper.

Contentious CAFTA - A Turning Point for Costa Rica?

April 2008

Five of the six countries, including Costa Rica, which signed the Central American Free Trade Agreement (CAFTA) with the United States, have now ratified it.

Oscar Arias, Costa Rica’s Nobel Laureate president, signed the agreement in November 2007, after the pro-CAFTA forces in his country won a hard fought election by a margin of approximately 3 percent.

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