Costa Rica 'backs US trade deal'

BBC

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.

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.