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majkabeard

"Costa Rican legislators approve final piece of CAFTA" - 0 views

costa rica

started by majkabeard on 06 May 10
  • majkabeard
     
    From the Tico Times, May 3rd
    "Costa Rican legislators approve final piece of CAFTA"
    http://www.ticotimes.net/daily.htm#story2

    Costa Rica's legislative passes through the final piece to a Free Trade Agreement with the United States. While the approval is significant, many feel it is a year overdue.
    The long lasting debate about the passing of the Agreement effectively put a hold on Costa Rican sugar exports to the United States. Legal director for a sugar industry advocacy group, Rigoberto Vega, estimates over $1 million dollars in revenue has been lost due to the delay. Hopefully the American sugar ban will be lifted within the next month due to the recent passing of the bill.
    Some are upset with the law passing. Many say the law went too far especially dealing with matters of patented common agriculture products. The law could eliminate smaller producers.
    The law must still be reviewed by a high court. Many judges have already voiced their concerns with the law.

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