Trade treaty with Colombia gets final OK

The Asamblea Legislativa has given second and final approval to a free trade treaty between Costa Rica and Colombia.

The treaty is controversial because some Costa Rican agricultural producers fear a flood of foods from Colombia, and some manufacturers fear that Colombian firms have access to cheaper raw materials and labor.

Costa Rica began negotiating the treaty in June 2012.

The Laura Chinchilla administration was strongly behind the deal as it has been with other trade treaties.

Under the treaty Costa Rica will be able to export to Colombia free of duty plants, fruits, tea, spices, banana products, certain forms of rice, olive oil, certain palmito products, medical devices, medicines and tires.  Costa Rica is expected to have access to raw materials.

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