Revival of Chinese Economic Zone Project in Costa Rica

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

Friday, September 13, 2013

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.

This was stated by the Costa Rican Minister of Foreign Trade, Anabel Gonzalez, who is on a visit to the Asian nation to promote FDI in Costa Rica, to boost tourism and find new avenues of cooperation with China, a country which according to Gonzalez , has trade reaching $6.2 billion.

"We have been working for a long time with the China Development Bank on a feasibility study, in order to find out what kind of industries might be involved, the factors, legal frameworks ... We received the bank several times in Costa Rica and have held meetings here," she said.

"It is a very detailed project and so we are taking the time to establish the conditions to ensure its success," said the minister, adding that a delegation of geologists will soon be visiting Costa Rica to discuss possible locations of a Special Economic Zone (EEZ).

That country has shown interest in establishing an EEZ in order to demonstrate "a new type of Chinese investment that can provide their companies access to the markets in the continent of America," said the official.

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