What does the trade deal (CAFTA) affect to Costa Rica's economic development?

May 30, 2008 by Hoang N | Posted in Economics

You guys give 3 reasons why this trade deal affects positively its economy
Thanks a lot


1) It gives opportunity to benefit both sides from comparative advantage.
2) It gives opportunity to benefit both sides from absolute advantage.
3) It allows to enjoy wider diversity of products,
4) It removes some trade barriers

Yuri | Feb 22, 1528

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Empresa de telefonía Claro invertirá $700 millones en Costa Rica

23.06.11

"El refrendo (de la Contraloría) le da seguridad jurídica a una inversión que Claro desplegará en Costa Rica de alrededor de 700 millones durante los próximos dos años", dijo a un diario local el director para Costa Rica de la firma, Ricardo Taylor. La posibilidad de tales inversiones quedó abierta el miércoles, luego de que la Contraloría General de la República, un organismo fiscalizador del Estado costarricense, avaló los contratos de concesión de operación de telefonía celular concedida...

Source: Diario Digital Nuestro País

Union Charges Costa Rica with CAFTA Violations | Journal of Commerce

The International Longshore and Warehouse Union filed a formal complaint against the government of Costa Rica under the Central American Free Trade Agreement, charging that Costa Rica is not enforcing its own labor laws. The ILWU, which represents dockworkers on the U. S. West Coast, said Costa Rica is conducting a "government-run media campaign" to discredit local unions known as the Sindicato de Trabajadores de Japdeva and the Asociacion Nacional de Empleados... Additionally, the ILWU charges that the Costa Rican government has removed democratically-elected union leaders and replaced them with a government-backed, employer-run board of union directors. Also, the ILWU charged that the government has frozen the union's bank accounts and is militarizing the ports and is "enticing workers to leave the union and accept privatization of the ports....

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