Free-trade deal to impact Costa Rica agchem market
A Costa Rican association warns of a significant impact on pesticide prices in the country within the next 5-6 years as a result of the free-trade agreement between Central American states, the US, and the Dominican Republic, national newspaper La Nacion reports. The deal grants ten-year data protection, and extensions of 18 months to patents with 20-year terms in cases in which the approval process takes five years due to government delays. The newspaper cites the national chamber of generic producers, the Canaproge. The association claims the impact will be higher prices and little change in variety of supplies, while the impact is delayed as products enter the market only after ten years of development. The treaty was ratified in 2009.