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Costa Rica 'backs US trade deal' | Costa Rica 'backs US trade deal' |
(10 minutes later) | |
Early referendum results show a majority of voters in Costa Rica support a proposed free trade agreement with the United States. | Early referendum results show a majority of voters in Costa Rica support a proposed free trade agreement with the United States. |
Initial results say 52% voted for the treaty that would give Costa Rica greater access to the US market. | Initial results say 52% voted for the treaty that would give Costa Rica greater access to the US market. |
Opponents of the deal fear increased competition could ruin the country's successful economy and put the welfare system at risk. | Opponents of the deal fear increased competition could ruin the country's successful economy and put the welfare system at risk. |
Five other Central American countries have already ratified the agreement. | |
Costa Rica is the only country to hold a referendum on the Central American Free Trade Agreement, which will also covers Guatemala, El Salvador, Honduras, Nicaragua and the Dominican Republic. | Costa Rica is the only country to hold a referendum on the Central American Free Trade Agreement, which will also covers Guatemala, El Salvador, Honduras, Nicaragua and the Dominican Republic. |