Wednesday, October 10, 2007

Costa Rica Ratifies CAFTA-DR/ Peru Vote

Sunday's vote narrowly passed the CAFTA in Costa Rica. USTR Schwab had this to say on the occasion:

The United States welcomes the outcome of the Costa Rican referendum on the free trade agreement that Costa Rica signed with the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States (CAFTA-DR). "We believe, and history confirms, that countries that open their markets have greater success in generating economic growth and development. We are pleased that Costa Rica will be joining the other CAFTA-DR countries in reaping the benefits of greater regional economic integration and market opportunities that the CAFTA-DR provides. "We look forward to working with the Government of Costa Rica as it completes the necessary steps to implement the agreement, so that the CAFTA-DR can enter into force for Costa Rica as soon as possible.


Apparently, a Senate vote is scheduled for next week on the proposed U.S.-Peru FTA. The draft agreement has already been approved by the Senate Finance Committee and the House Committee on Ways and Means.

4 comments:

Nancy said...

This process was just as corrupt as U.S. elections have become!

Shame on U.S.

Shame on global greed.

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