ISDS Case Map
CAFTA
US - Central America Free Trade Agreement
A Canadian mining company and its American subsidiary have threatened the government of El Salvador with a lawsuit after it failed to receive regulatory approval to begin digging for gold and silver in an area some 65 km from San Salvador. The proposed mine has drawn intense opposition from civil society and church-based groups, although the mining company maintains that it enjoys broad public support in El Salvador.
Two years have now passed since some Central American countries implemented DR-CAFTA's mandates, and governments, farmers, and workers across the region are beginning to suffer the consequences of an unfair deal.
Costa Rica is finally ready to join the Central American Free Trade Agreement.
Costa Rican economist and former presidential candidate Ottón Solís spent the spring at the University of Florida as the Bacardi Family Eminent Scholar, teaching a course on free-trade agreements in the Americas at the university's Center for Latin American Studies.
The Sala Constitucional (Constitutional Court) resolved in record time the appeal by legislative members of the Partido Acción Ciudadana (PAC) and Frente Amplio parties on the constitutionality of the Intellectual Property bill, the last of the "complimentary" laws that is required to be passed by the Legislative Assembly to ratify the Tratado de Libre Comercio (TLC) - free trade agreement with the United States.
The U.S. has led the way in efforts to lower barriers to global trade since World War II, despite opposition from unions and voters hurt by foreign competition. This election could put trade-liberalization on ice for a while.
The free trade agreement between Central American and the US has failed to accomplish all the supposed fairness and pledges advocated by its promoters, participants at the Social Forum of the Americas stated here this week.
October 1 was the deadline for Costa Rica to ratify and join the Central American Free Trade Agreement with the United States (CAFTA). However, Costa Rica now has until January 1, 2009, to ratify the trade deal.
In May 2004, when government officials from the US, Costa Rica, Honduras, Nicaragua, El Salvador and Guatemala gathered in Washington to sign a 2,400-page trade agreement, there was a sense of achievement in the air. Four years later, that early enthusiasm and optimism has come down several notches.
Costa Rica could miss its Oct. 1 deadline to pass law reforms needed to enter the Free Trade Agreement with the United States (CAFTA) because of a legal snag in the final bill on intellectual property: Nobody thought to ask the country's indigenous people.
