China signs agreement with Costa Rica for $500 million

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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

Costa Rica expects answers about entry into the OECD

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Costa Rica has made efforts to join the OECD on taxation for example

Minister of foreign trade, Anabel González, participates this week at the headquarters of the Organization for cooperation and economic development (OECD) in Paris, France, in order to ensure that Costa Rica should be incorporated into the Forum.

The OECD on the other hand, is in final discussions on a possible extension of this organization; in recent years it has been contemplating the entry of eight potential candidates, among them Costa Rica, Colombia, Peru, Bulgaria, Romania, Cyprus, Latvia and Lithuania.

Since 2010 Costa Rica began its approach to the OECD, promoted by the Government of current President Laura Chinchilla; as part of this approach is promoted the participation of the Central American country in various forums, committees and working groups.

The participation of Costa Rica is mainly guided by the Minister of foreign trade, Anabel Gonzalez, who was also participating to the post of Director of the World Trade Organization.

In recent months has intensified the involvement and approach to this forum, the investment to achieve this goal, especially in terms of fighting corruption, green growth, promotion of technological innovation and science.

There has been in the same way a strong lobbying effort to ask certain Member countries for support to the country in order to achieve membership in the OECD, in this process have involved other representatives of the Government as the Ambassador of Costa Rica to the WTO, Ronald Saborío.

OECD decision who belong to his group by different criteria, including the merits of each candidate, their level of participation and contribution in committees, working groups, the subscription that make legal instruments and also the forums that have been present.

The Organization in the same way seeks to transcend other considerations apart from the influence of the candidate countries, as considerations of geopolitical type, balance and regional weight of this country in the OECD and the governance of the organization. The way in which countries make decisions at the WTO, among others is also taken into account.

Posted by Costa Developers