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Monday 10 November 2008, San José, Costa Rica 

Long TLC Debate Ends Tomorrow
Insurance Superintendancy Investigating Illegal Insurance Policies
Manufacture of Weapons
Arias Image Improving
Zapote Fair Licenses Set Record
Universal On The Expansion

 
Long TLC Debate Ends Tomorrow
The Legislative Assembly will tomorrow vote on the last of the complimentary law required for the ratification of the Tratado de Libre de Comercio (TLC) - free trade agreement with the United States, Central America and the Dominican Republic.

The vote will follow the second reading of the intellection property law, the last of the 12 complimentary law.

The vote puts and end to the long history setbacks, regulatory delays and tricks that forced the country to ask its trade partners, not one, but two extensions for ratification.

Costa Rica is the only signatory country that has yet to ratify the trade deal with the United States, which is already in place in Nicaragua, Honduras, El Salvador, Guatemala and the Dominican Republic.

Costa Rica has originally until March 31, 2008 to ratify the trade deal, a date that came and went, forcing Costa Rican president Arias, a promoter of the trade deal, to ask the trade partners for an extension which expired on September 30, 2008. That date came went also, forcing Arias to once again ask the trade partners for a further extension.

The limit date for the ratification is now December 31, 2008.

The intellectual property law has been the instrument for opponents to stall the ratification, against the will of the people who voted in favour of the TLC in the country's first referendum on October 7, 2007.

Opponents, on September 11, 2008, appealed the bill to the Constitutional Court, which on October 30, 2008, sent it back to the legislature on the basis of constitutional flaws, putting the entire trade deal in jeopardy.

Costa Rica has until the end of the year to deposit the trade deal document with the Organization of American States (OAS) as a guarantee of compliance to the trade pact which will then go into effect on January 1, 2009.

The ministro de Comercio Exterior (Trade minister), Marco Vinicio Ruiz, said it would "real nice" if all legislators would vote in unanimity in favour of the last of the complimentary law as a sign of respect for the will of the people who voted in the majority in favour of the TLC.

The main opponent to the trade deal has been the Partido Acción Ciudadana (PAC) led by Otton Solis.

Ruiz added that the PAC should co-operate positively in the vote and that legislators as well as the people should be thinking of ways for Costa Rica to better compete in a competitive market and to take advantage of the US market.

"We will be facing quite a different situation in the United States as it deals with its economic crisis and I think that it would be an important sign if we went in with solidarity of the producers and workers", said Ruiz.

Ruiz added that the Promotora de Comercio Exterior (Procomer) is preparing action to take advantage of the trade deal with the U.S., including opening four trade offices in the U.S.

Procomer already has an office in New York and will be opening a second that will be inaugurated by Costa Rican president, Oscar Arias, on November 20, followed by an office in Houston, Texas, and Los Angeles, California.
 
 

 

 

 
 

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