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.
The Chamber of Industries of Costa Rica says that once the commission is finished its work it would be urgent to ratify the bilateral accord.

More on this topic

Costa Rica: Exporters Do Not Achieve Expected Goals

June 2009

The expected growth projections for Panama that emerged after the ratification of NAFTA have not been achieved.

The vice president of the Chamber of Costa Rican Exporters (Cadexco), Sergio Navas, attributed one of the causes to the economic crisis but he also recognized that they should improve logistics systems.

FTA between Costa Rica and Panama near completion

October 2008

Costa Rica legislators should approve the agreement this week at the latest after the second debate on the commercial agreement with Panama.

Congress received the ruling from the Constitutional Court which declares that the treaty does not contain any illegalities.
The agreement has the support of all the parties in the Congress, hence its approval should be quick.

Costa Rica approves FTA with Panama in first debate

August 2008

Legislators have to ratify the decision in a second round of voting once the period of ordinary sessions start next week.

The agreement signed by both countries in September 2007 came in to effect for the Panamanians last December, hence the Costa Rican productive sectors have been pressuring Congress to approve the agreement.

Free Trade Agreement between Panama and Costa Rica comes into effect in October

August 2008

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.

All the political parties, even opposition parties such as the People’s Action Party (PAC), are in favor of the agreement; therefore the debates may take place in August or early September.

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