Central American Trade Is Focus of Agreement
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From Times Wire Reports
The Bush administration reached a deal with Costa Rica that will allow the nation to join four of its neighbors in creating a Central American Free Trade Area with the U.S., officials of the two countries announced.
The agreement, which must be approved by Congress, came after two weeks of intense negotiations aimed at overcoming differences in such areas as telecommunications and insurance that had prompted Costa Rica to back out at the last minute from completing the CAFTA talks last month with Guatemala, El Salvador, Nicaragua and Honduras.
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