No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeChinaCosta Rica and China sign agreement to encourage investment and commerce

Costa Rica and China sign agreement to encourage investment and commerce

Costa Rica and China signed a cooperation agreement on Monday regarding the Silk Road Economic Belt, a Beijing initiative that aims to encourage trade and investment.

The pact, launched in 2013 by the then Chinese President Xi Jinping, looks at the exchange of goods, technology, capital and personnel with more than 103 countries and organizations.

The Costa Rican Chancellor and Vice President, Epsy Campbell, highlighted that the agreement reflects the approach that the two countries have had since they established diplomatic relations in June 2007.

“Due to the complementarity between our countries, we emphasize the importance of this document in relation to financing, infrastructure and commerce,” said Campbell.

Costa Rica was the first Central American country to break ties with Taiwan and establish relations with China. Since then, Panama and El Salvador followed the same path.

China approves entry of Costa Rican pineapples, tuna

The Chinese ambassador in San José, Teng Heng, said that “the signing of this memorandum is equivalent to installing a new powerful engine, with a powerful and lasting force, to the cooperation between both countries.”

According to the Costa Rican Foreign Ministry, the agreement will allow the promotion of exchanges in the construction of roads, railways, civil aviation, harbors, energy, and telecommunications, as well as expanded trade and investments.

The Costa Rican Chamber of Exporters celebrated the agreement with China, which has become a key destination for Costa Rican sales, which reached $111 million in 2017.

Trending Now

Costa Rica Traffic Accidents Drive Up Insurance Premiums

Costa Rica's roads have turned into a deadly trap, with traffic accidents claiming more lives and causing more injuries than ever before. On Friday,...

Costa Rica’s Draw Against Honduras Boosts World Cup Hopes

Costa Rica held Honduras to a scoreless draw in their World Cup qualifier last night, picking up a point that keeps their qualification hopes...

Costa Rica Proposes Date for Chaves Immunity Review

Costa Rica's lawmakers took a step forward today in addressing the latest push to strip President Rodrigo Chaves of his legal protections. The Legislative...

Costa Rica Updates National ID Card with Enhanced Security Features

Costa Rica's Supreme Electoral Tribunal (TSE) rolled out a redesigned physical identity card today. The update focuses on better protection against fraud while keeping...

Costa Rica Bill Targets Pretrial Detention for Organized Crime Cases

Costa Rica's Legislative Assembly is moving forward with a bill that aims to strengthen the rules around pretrial detention in response to growing threats...

Costa Rica Weather Alert: Heavy Rain, Flooding, and Landslides

The National Meteorological Institute (IMN) issued a warning on Thursday about persistent heavy rains and thunderstorms affecting much of Costa Rica.These conditions are the...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica