Costa Rica: Feasibility Study for SEZ

The Republic of China is to conduct a feasibility study for the construction of a Special Economic Zone (SEZ) in the country.

Friday, August 17, 2012

A press release from the Ministry of Foreign Affairs of Costa Rica reads:

COMEX and the China Development Bank have signed agreement to initiate a feasibility study.

On Thursday the President of the Republic, Laura Chinchilla, witnessed the signing of a Framework Agreement between the Ministry of Foreign Trade of Costa Rica and the China Development Bank to prepare a study to analyze the feasibility of developing a Special Economic Zone (SEZ) in our country.

SEZs are industrial parks containing the necessary conditions of infrastructure, logistics and other things conducive to the establishment of companies engaged in the production and export of goods and services. The SEZs have been a key element of the development strategy of the Republic of China, explaining much of the growth achieved in cities like Suzhou, Tianjin and others.



More on this topic

Costa Rica is Not Ready for a Chinese Economic Zone

September 2017

Building the new airport in Orotina, expanding the route to Puerto Caldera, building the San José-San Ramón highway and simplifying procedures for doing business are some of things that China requires before setting up a Special Economic Zone in the country.

The study to determine the country's feasibility to host a special Chinese economic zone was suggested by the Chinchilla administration in 2014, but its results have only now become available, due to, according to former Costa Rican ambassador to China, Marco Vinicio Ruiz, bad management on the part of the current administration.

Feasibility of SEZ to be Studied

January 2015

The Solis administration has signed a memorandum of understanding with the Chinese government to begin studying the feasibility of setting up a special economic zone in Costa Rica for enterprises from China.

As part of the agreement signed between the two governments, feasibility studies will be started along with defining where the zone will be sited.

Revival of Chinese Economic Zone Project in Costa Rica

September 2013

The agreement between both nations to develop a Special Economic Zone will be completed in less than a year.

The project which the two countries plan to implement in the Central American nation will materialize in less than a year, benefiting sectors such as high-tech and manufacturing.

China's Industrial Parks

August 2012

Costa Rica is considering adopting the Chinese model of development of Special Economic Zones in order to promote the country as a high-tech industrial center.

A statement from the Ministry of Foreign Affairs of Costa Rica reads:

On the second day of their visit to China, the Costa Rican delegation accompanying the President of the Republic, Laura Chinchilla Miranda, visited the Suzhou Industrial Park (SIP) located in the town of that name, with the aim of learning from this successful model, and adapting it to the reality of the Costa Rican environment.

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