Dominican Republic gets a new rival in sugar exports to the US
15 June 2010
WASHINGTON.- US president Barack Obama modified the provisions in the Central America-Dominican Republic Free Trade Agreement (Cafta) to allow imports of sugar from Costa Rica starting today.
In the proclamation’s starting point, the US President notes that the objective is "to provide preferential tariff treatment” for certain groups of products or which contain Costa Rica sugar as agreed under the pact.
It notes that the amendments will take effect as of June 15.
The White House issued the statement after Costa Rica pledged certain reforms to its copyright legislation. Industry sources affirm that the proclamation would allow the import of nearly 14,000 tons of sugar into the US tariff free annually.
The United States has worked with Costa Rica until concluding the efforts to meet the requirements through certain changes to their Copyrights laws, which took effect on April 2010, said a White House source.