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Free Trade Victorious In Costa Rica!!!!!!!!!!!!

Filed under: Americas

costaricagirl.jpg
A Costa Rican woman holds a national flag with a "Yes" written on it as she leaves the polling station during the referendum to approve a free trade agreement with the United States, in San Jose. Voters in Costa Rica narrowly backed a free trade deal with the United States, according to partial official referendum results released by electoral authorities on Sunday(AFP/Yuri Cortez)
Source: Agence France-Presse

Costa Ricans narrowly back free trade with U.S.

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A.M. Mora y Leon · October 8, 2007 12:28 AM

Comments


John Hussey says:

A narrow victory is ok with me. It shows both sides that all deals must be good for both sides. Sometimes a little caution is a good thing.

Posted October 8, 2007 9:51 AM


Glen says:

I believe Costa Ricans made a mistake with this vote. By removing revenue tariffs on US products, the lost tax receipts will have to be made up elsewhere (there is no such thing as a free lunch), most likely by higher taxation on domestic manufacturing. This will make C.R. products more expensive and less competitive, hurting them, especially given that foreign products will now be tariff (tax) free.

Free trade--0% tariffs--is really reverse protectionism--using tax policy to encourage people to buy foreign over domestic. It makes more sense for a country to try make its own products tax-free rather than its foreign competitors.

Posted October 10, 2007 10:47 PM


wow gold says:

publius

Posted September 6, 2008 6:28 AM







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