Costa Rica to join CAFTA-DR

January 2, 2009 at 2:30 pm

With the Presidential Proclamation 8331 (73 F.R. 79585) of December 30, 2008, effective Januray 1, 2009, Costa Rica joins the Dominican Republic-Central America- United States Free Trade Agreement (CAFTE-DR)

“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. U.S. trade with CAFTA-DR partners – and among CAFTA-DR partners – has increased as the countries have put the agreement into force.

“I greatly appreciate the diligent effort by 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.” (USTR News, United States Trade Representative, December 23, 2008, web address)

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Entry filed under: Free Trade Agreements.

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