Costa Rica Real Estate | 14. What is CAFTA?CAFTA is the abbreviation for the Central Ameri...

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14. What is CAFTA?

CAFTA is the abbreviation for the Central American Free Trade Agreement. Costa Rica approved CAFTA October 7th, 2007. CAFTA guarantees that Costa Rica’s economy will continue to diversify and expand much in the same manner it has done for the past 25 years.

CAFTA will promote a more open, export-based economy, thus diversifying its export offer away from the traditional agricultural exports of sugar, coffee, and bananas to over 4,000 products in non-traditional agriculture, software and electronic, industrial goods, and services. Small business owners will not suffer under CAFTA. They will have wider lines of products to import, export, and distribute.