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Costa Rican President Promises Privatization

Law360 (May 3, 2007, 12:00 AM EDT) -- The president of Costa Rica has promised to break up state monopolies and open the country’s energy, telecommunications and insurance markets, regardless of whether the country's citizens vote in favor of the divisive Central America Free Trade Agreement.

Costa Rica is the only Central American country that has yet to ratify the free trade accord with the United States, and the issue has been a thorny one in the historically democratic and independent nation. Under CAFTA, the country would gradually open the industries to private competition....
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