Chinese enterprises and their government could delay investment plans in the country until approval is given to the investment protection agreement, signed in 2007, which is still waiting for legislative approval.
The economic and commercial counselor of the Chinese Embassy in Costa Rica, Liu Xiaofeng, said that businessmen from that country will not view with confidence Costa Rica as a destination for their investments until the agreement is approved. He told Nacion.com that "... "With this document, Chinese investors will have a lot of confidence in investing their money here, setting up companies or factories. '"
China will finance a high technology development center which will feature a business center, shopping area and data center.
The governments of both countries are already working on the design of the complex estimated at a cost of $65 million.
According to Nacion.com, the Chinese ambassador in Costa Rica, Wang Xiaoyuan, reported: "We reached an agreement for China to give consultation on the park.