Politics of Costa Rica approved in 1969 limits presidents and deputies to one term, although a deputy may run again for an Assembly seat after sitting out a term. The prohibition was officially recognized as unconstitutional in April 2004, allowing Óscar Arias to run for President a second time in the 2006 Costa Rican presidential elections, which he won with approximately a 1% margin. The President of Costa Rica has limited powers, particularly in comparison to other Latin American Presidents. For example, he cannot veto the legislative budget, and thus Congress is sovereign over the year's single most important piece of legislation. On the
Costa Rica–India relations Costa Rica, and the FSI and Costa Rican Diplomatic Academy in March 2015. The first Foreign Office Consultations between India and Costa Rica were held in August 2012. Bilateral trade between Costa Rica and India totaled US$196.97 million in 2015. India exported $134.76 million worth of goods to Costa Rica (growing 40.62% over 2014), and imported $62.21 million (declining by 59.94% from 2014). India's imports from Costa Rica witnessed a steady rise up to 2013, but dropped considerably following the closure of an Intel chip factory in San Jose in 2014. Indian imports of integrated circuits from Costa Rica dropped