channelnewsasia.com - Costa Rica votes yes to US free trade deal president
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

Costa Rica votes yes to US free trade deal: president
Posted: 08 October 2007 1406 hrs

 
 
Photos  of

   
 

SAN JOSE: Costa Rica's president Oscar Arias declared victory Sunday in his drive to join a free trade deal with the United States, announcing on television that voters had backed it in a referendum.

"The people of Costa Rica have said yes to the free trade agreement, and that for me is a sacred wish," Arias said in a televised address to the nation after Costa Ricans voted in their tens of thousands on the measure.

Earlier partial results showed that with 73 per cent of votes counted, just over 50 per cent of voters said yes to the agreement against 47.5 per cent who voted no, the Supreme Electoral Tribunal said. Turnout was around 60 per cent.

The Central American Free Trade Agreement is to open local markets to US products but also boost Costa Rican exports to the United States.

It has been accepted by several other countries in the region, but faced left-wing opposition in Costa Rica, where Arias was forced to call a referendum on it after more than three years of domestic debate. - AFP/ac

 

 



Other business News
Six APEC economies agree to make Customs procedures simpler for businesses
AXA Asia Pacific rejects US$10.13b takeover offer
Britain's Brown urges debate on banking reform
China hopes US keeps budget deficit to 'appropriate size'
APEC senior officials discuss findings of trade finance survey
APEC officials discuss ways to make economic growth more inclusive
India PM invites world to invest in economy under reform
Japan Airlines' executives to forgo pay in December
Is the Dollar Dying a Slow Death?
Allianz reports 1.32 billion euros in Q3 profit
Asian nations bear brunt of dollar slump
SKorea wants Obama to be aggressive on trade pact
GE, Comcast agree on valuing NBC Universal

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions