Direct foreign investment in Dominican Republic jumped to US$1.7 billion in 2007, year in which the DR-Cafta trade accord took effect in the country, the Central Bank said.
Canadian sock manufacturing giant Gildan Activewear Inc. (TSX:GIL) could get caught in the middle of U.S. election-year politics as the Bush administration decides whether to end the company’s duty-free shipments of socks from Honduras.
Hundreds of Costa Rican indigenous people began a protest against the Free Trade Agreement between Central America, the Dominican Republic and the United States. They accused the FTA of imposing the use of patented seeds that prevent traditional crops and warned that the use of transgenic seeds from the United States would affect ancestral crops closely linked to the people’s view of the world and spirituality.
Costa Rica has won a seven-month extension from its U.S. and regional trade partners to pass laws required for its entry into the CAFTA free trade pact, President Oscar Arias said on Wednesday.
Dominican Republic has lost from the Dr-Cafta trade pact, which took effect one year ago on Saturday, RD$2.54 billion from lost tax revenues, the Customs Agency (DGA) said in a statement.
Critics of CAFTA say it was no coincidence that the anti-terrorism legislation was enacted six months after the trade agreement. Update on the case against the Suchitoto 13.
The Salvadoran government had proclaimed that from the moment of its entry into force, the free trade agreement with the United States would boost the local economy, creating thousands of jobs, so that even street vendors would be exporting their typical snacks. But nearly two years later, the economic paradise has yet to arrive.
President Oscar Arias said Tuesday he will ask the US to delay implementation of a free-trade agreement to give the country time to pass several necessary local laws.
A trade war has erupted between the US and Honduras. The two countries are fighting over...socks. Bush says Honduran socks are causing serious damage to American sock-makers, so he wants to impose a hefty import tax on socks from Honduras.
The Costa Rican Congress resumed discussion Monday on the complementary agenda required by March 1 for implementation of the Central American-US Free Trade Agreement (CAFTA-DR). Of the 13 bills needed, only 2 have been approved so far.
The law, one of the least controversial of the 12, regulates the relationship between foreign companies and their representatives in Costa Rica.
The DR-CAFTA free trade pact between the Central American countries, the Dominican Republic and the United States was signed into law in Costa Rica on Wednesday amid protests and a large military deployment.
Costa Rica’s president on Wednesday signed into law a free trade agreement with its Central American neighbors, the United States and the Dominican Republic.
As feminists we have always said NO to rape and therefore we cannot but say NO to this gang rape of our collective freedom to choose what treaties we accept.
Hundreds of women came together to celebrate women’s contributions to the struggle against the ratification of CAFTA in Costa Rica
The loss of jobs in the agricultural industries, along with increases in the cost of living with fewer employment opportunities under CAFTA are speculated to produce economic and social hardships that will result in migration both within and outside Central American nations. Most of this migration will be directed towards Mexico and the US.
As furore continues in Costa Rica about ratification of the Central American Free Trade Agreement (CAFTA-DR), members of a leading UN human rights body have been expressing their concern to Costa Rican officials today in Geneva, about the human rights impact of the trade agreement.
Letter from Costa Rican citizens to US Congress requesting rejection of the alleged approval of CAFTA through the 7 October referendum
The NO to CAFTA campaign has produced tens of thousands of activists who are using grassroots methods to change the political system in Costa Rica, which has been dominated by a small elite since the founding of the country.
The Board of the Costa Rican Legislative Assembly admitted that it is studying 943 of 1,097 motions against one of the implementation laws of the Free Trade Agreement with the United States which poses danger for Costa Rican farmers and biodiversity