DR-CAFTA Disaster?

February 2008 | Ratings Update

As we had warned previously, there is significant danger that the DR-CAFTA trade pact will not be enacted in time. President Oscar Arias said in early February that due to domestic political opposition in congress, it is possible that the trade-related laws that need to be passed will be held up beyond the end-of-February deadline imposed by the US, Consequently, Arias has asked Washington for an extension. He will be holding closed-door meetings with opposition leader Ottón Solís in mid-February to try and hammer out a solution. Although our core scenario envisages DR-CAFTA entry in March, we are becoming increasingly

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