China signs agreement with Costa Rica for $500 million

Xi_Jinping-Laura_Chinchilla-visita_a_Costa_Rica

China and Costa Rica have been strengthening relations about two years ago.

The President of China Xi Jinping proposed to Costa Rica a program of cooperation, donations and loans that reach an amount of 500 million dollars.

During a visit to Costa Rica, the Chinese President and the President Laura Chinchilla signed agreements on Monday morning.

On other occasions has been said that China is one of the Governments that has most contributed to Costa Rica, and with this agreement was established as the maximum welfare.

One of the most ambitious projects that will support China, is on the road from route 32 (San Jose-Limon) financing by $ 400 million.

In the case of this road the credit will be provided by the Export Bank of China (EXIMBANK).

This same bank in the same way state banks will offer a credit of 100 million dollars for the rotation of loans to businesses and individuals seeking to renew the fleet of their companies by vehicles using clean, such as gas or electricity energy.

One of the unions most benefited will be public transport, which has 12,000 taxis and some 4,000 buses. The loan conditions that entrepreneurs need to buy Chinese vehicles, but that may be where they prefer.

China, also promoted a loan to facilitate the purchase of 5000 solar panels that produce electricity, this amount would be 30 million dollars.

Within the donations were delivered 8 400 computers for public schools students, and 800 who were teachers.

La Costa Rican cooperative dairy Dos Pinos, also signed an agreement to make this company the first export of its products to cities such as Beijing and Chingqping, and the State of Canton.

Another of export products will be pork; comprising all the sanitary and veterinary protocols this increases the offer of Costa Rican meat in the Chinese market.

Costa Rican authorities also wanted to emphasize that there are no conditions for receiving multi-million-dollar cooperation since the Asian country.

Posted by Costa Developers

President of Costa Rica seeks investments in China.

Laura Chinchilla, Costa Rican president, seeks to increase the country's exports and encourage foreign investment on her visit to China and South Korea.

The first day of tour, the President of Costa Rica met with Chinese businessmen to discuss the advantages of the country as a destination for investment and tourism.

In turn, oriental companies have agreed to start negotiations to invest in a photovoltaic plant in our country. Trade with China shows an increasing trend in the last 10 years, with an average annual growth rate of 37.7%.

Costa Rica is an important place in terms of quality of life of its population, and various analyzes is that mark Costa Rica as one of the happiest countries in the world. It is a country that has driven the development of its population and also the harmony with their environment. This also represents a competitive advantage as it has skilled labor.

The forum was also attended by ministers of Foreign Trade and Tourism, who presented details of the infrastructure, economy, education, geography, tourist attractions and even the climate of our country, all with the aim of expanding the knowledge that Asians have on Costa Rica.

Costa Developers