CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Costa Rican Free Trade Agreement Enters Into Force

Costa Rican Free Trade Agreement Enters Into Force

by Mike Godfrey, for LawAndTax-News.com, Washington

30 December 2008


United States Trade Representative (USTR) Susan C. Schwab made a statement on December 23 regarding the entry into force of the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) for Costa Rica.

Commenting on the event, Schwab stated:

"With the President’s issuance of a proclamation to implement the CAFTA-DR for Costa Rica as of January 1, 2009, I am very pleased to be able to celebrate the entry into force of this important multi-country agreement."

“We have worked closely with Costa Rica, as we have with our other CAFTA-DR partners, to ensure they meet their obligations and responsibilities under the agreement. Costa Rica is now ready to join the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua in putting the agreement into force, ensuring that the benefits of this agreement continue to spread. US trade with CAFTA-DR partners, and among CAFTA-DR partners, has increased as the countries have put the agreement into force," she continued, adding:

“I greatly appreciate the diligent effort by [Costa Rican] President Arias and his government to adopt legislation and regulations to implement Costa Rica’s commitments under the CAFTA-DR. This step marks an important milestone in our relationship with Costa Rica, building on our strong economic and political partnership. With the addition of Costa Rica, this important regional free trade agreement will be in effect, as of January 1, 2009, for all of the countries that signed the agreement.”

The United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua signed the CAFTA-DR in August 2004. I

Implementing legislation for the CAFTA- DR passed the US Senate in June 2005 and the House of Representatives in July 2005.

It was signed by President Bush in August 2005.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »