Costa Rica, the United States, and the DR-CAFTA

In 4 years, exports to EE. UU. have tripled while imports have increased by 30%.  

Monday, December 2, 2013

"... The growth and development of the country is inextricably linked to its integration into the global economy."

Anabel González, the current Minister of Foreign Trade of Costa Rica, said that the country has been the one to benefit the most from having DR.-CAFTA in force.

In regards to the public debate that originated in the moment the multilateral treaty was adopted, the Minister points out that "it is important that a national dialogue on the relevant issues is carried out on a serious and informed basis. During discussion of the CAFTA, we suppositions that its approval would include the elimination of christmas bonuses, loss of the Cocos Island, the elimination of public education among other things, distracted from the fundamental discussion.



More on this topic

The Benefits of CAFTA for Nicaragua

May 2012

Nicaragua now has a surplus of $1 billion and trade with the country has grown by 75% in six years, thanks to the DR-CAFTA, overtaking Guatemala and the rest of the region.

Six years after coming into force and following record levels of growth in trade and investment, Nicaragua has become the region’s unlikely poster child for DR-CAFTA.

US Lifts Tariffs on Costa Rican Sugar Imports

June 2010

The Central American country will be allowed to ship 138.880 tons of tariff-free sugar, as agreed in DR-CAFTA.

President Barack Obama signed the document last week. The resolution must now be published in the U.S. official newspaper, and customs officers must make the corresponding adjustments.

El Salvador: 4 Years of DR-CAFTA

March 2010

A forum on the subject, hosted by FUSADES, produced interesting conclusions, which can be extrapolated to the rest of the Central American countries which signed the agreement.

The event concluded that CAFTA affected more than just trade and commerce, and has strengthened the country’s institutions, with relevant progress in labor and environment regulation.

Costa Rica and The "CAFTA Effect" on Investors

April 2008

When everybody suddenly start asking you out, is when you realize that taking those extra hours to “invest” in yourself were worth it.

Things are pretty much the same for Costa Rica, which after “working out” on new development plans for different projects to come to life this year, keeps drawing the attention of international investors.

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