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Caribbean & Central America - December 2005 (ISSN 1741-4458)

COSTA RICA: Economic overview

The country's neighbours and partners in the Cafta-DR free trade agreement with the US fear that congress's failure to ratify the treaty could have implications for them. On 5 December, the President of Nicaragua, Enrique Bolaños spoke at the Caribbean Central America Action conference in Miami and issued a warning that Cafta would not come into effect unless Costa Rica ratified it. He pointed out that the US cannot activate the treaty's provisions unless all the treaty's partners had ratified it and incorporated it into domestic law.

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