IBOV 192,114.55 ▲ 2.63% IPSA 10,916.59 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22— 0.00% USD/MXN18.15▼ 0.83% USD/CLP989.60— 0.00% USD/COP3,263▼ 1.66% USD/PEN3.43▼ 0.53% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.55% USD/PYG5,821▲ 2.69% USD/BOB11.93▲ 2.09% USD/DOP59.90▲ 0.67% USD/CRC456.38▲ 3.02% USD/GTQ7.64▲ 3.14% USD/HNL26.86▲ 3.19% USD/NIO36.62▲ 2.63% USD/VES864.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.67% EUR/BRL5.87▲ 0.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 192,114.55 ▲ 2.63% IPSA 10,916.59 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Saturday, October 3, 2026

Costa Rica Latin America

Costa Rica Council Rejects Trans-Pacific Agreement

By · October 3, 2026 · 4 min read
Turrialba Volcano above green pastures and farmland in Cartago province, Costa Rica
Turrialba Volcano above pastures in Cartago province, home to Alvarado and Turrialba, where dairy and vegetable growers fear new import competition. (Photo: Rio Times archive)
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TRADE · COSTA RICA

Key Facts

  • —The country Costa Rica concluded talks to join the 12-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in May 2026. The deal still needs signing and approval by lawmakers.
  • —What happened The five councillors of Alvarado, a farming canton in Cartago province, voted unanimously against accession, La Nación reported on 30 September and Delfino.cr on 2 October.
  • —Who is involved Turrialba and Los Chiles councils have passed similar unanimous motions. President Laura Fernández says she has not yet approved the deal.
  • —What it means for you Exporters and investors face a less certain timetable. Dairy, rice, sugar, coffee and vegetable growers are pressing for exclusions or compensation.
  • —Still open Whether Fernández signs after meeting supporters and opponents on 9 October. A trade ministry letter had pointed to a November signing.

The municipal council of Alvarado, a farming canton in Costa Rica’s Cartago province, has unanimously opposed the country joining the Trans-Pacific agreement. The motion asks Congress to halt the accession process and hold a national debate first.

The vote, reported by La Nación on 30 September and Delfino.cr on 2 October, adds to growing local objections. It lands a week before President Laura Fernández meets supporters and critics of the deal.

What the Alvarado council decided

The motion came from councillor Dora Ramírez of the Social Christian Unity Party (PUSC), and all five councillors backed it. Local farmers and cattle ranchers attended the session to support it, according to Delfino.cr.

The text says the canton’s development depends “fundamentally” on farming. It names dairy, meat, rice, sugar, coffee, vegetables and oilseeds as exposed to competition from larger, subsidised economies.

The council also asked six other Cartago cantons and two district councils to join the stand. It urged the National Union of Local Governments (UNGL) and the national mayors’ association (ANAI) to oppose the pact.

One argument stands out. Costa Rica already has free trade agreements with six of the 12 members: Chile, Peru, Canada, Mexico, Singapore and the United Kingdom.

The motion says those deals have not lifted exports or diversified production, and claims the trade deficit with those partners has grown. That claim has not been independently checked.

Other councils follow the same line

Turrialba, also in Cartago, unanimously approved a motion from its mayor, Carlos Hidalgo Flores, El Mundo CR reported on 30 September. It cited imported dairy products and the survival of small milk producers.

In the northern canton of Los Chiles, councillors unanimously reaffirmed their opposition on 22 September, San Carlos Digital reported. These motions carry political weight but no legal force.

Where the accession stands

Costa Rica applied in August 2022, and members agreed to open accession talks in November 2024. Negotiations were substantially concluded in May 2026, led by then trade minister Manuel Tovar.

Tovar later became foreign minister and was fired after 139 days over a missed Trump meeting. The trade ministry (Comex) says the accession protocol is under legal review and must go to the Legislative Assembly once signed.

A Comex letter of 9 September said Fernández was expected to sign in November, CR Hoy reported. On 24 September, however, she said the deal lacked her approval and she had not reviewed the draft.

The case for joining

Comex argues the Trans-Pacific agreement would open new markets, draw foreign investment and lower the cost of living. Fernández’s own government programme backed accession, CR Hoy reported.

The president has not ruled the deal out. She wants a technical review of who gains and who loses, with compensation or exclusions for sectors that could be hurt.

That leaves room for a middle path rather than a clean yes or no. For background on the country’s politics and trade, see Costa Rica Explained: The Country, Its Politics, Its Economy and What to Watch.

What Is Not Yet Known

It is unclear whether the other Cartago councils named by Alvarado will pass similar motions. No outcome has been set for the meeting at the presidential office on 9 October.

Comex has not published the final Trans-Pacific agreement protocol or a list of sensitive products. It is also not known whether a November signing date still holds.

Sources: Delfino.cr, “Concejo Municipal de Alvarado se opone al ingreso de Costa Rica al Acuerdo Transpacífico” (2 October 2026); La Nación (30 September 2026); El Mundo CR (30 September 2026); San Carlos Digital (2 October 2026); CR Hoy (2 October 2026).

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

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