This week the program for informing business owners and other private organizations about the future of the FTA begins as a part of the preliminary stage before starting the negotiations.
According to terra.com "To this end, the technical team will analyze the characteristics of the China - Peru and China - Chile FTAs during a seminar that will be held this Wednesday in San Jose, and which will be attended by business owners and leaders from the private sector, the Nacion daily reported."
The 25-year agreement was signed during President Hu Jintao's visit to Costa Rica, CNPC said in a statement.
The deal calls for the expansion of the Moin refinery in Costa Rica and the launch of feasibility studies for a new refinery with an annual capacity of 10 mln tons.
After the expansion, Moin's crude processing capacity will rise to 3 mln tons from the current 1.2 mln.
The Asian giant has increased diplomacy and investment in Latin America, with an eye on its natural resources and developing markets for manufactured goods and even arms.
Chinese President Hu Jintao begins a Latin America tour on Monday, taking in Costa Rica, Cuba and Peru, as China tightens economic ties and the region hopes for help in tougher times.
Presidents Hu Jintao and Oscar Arias signed 11 agreements for cooperation in trade, economy, finance, energy, education and technology.
The visiting Chinese president praised the rapid development of China-Costa Rica relations on November 17 and promised to make an effort to increase bilateral cooperation in several areas.
The two countries have made an effort to push long term development of solid and stable bilateral relations and cooperation, Hu said.
Florida Ice & Farm, Tilapia del Sol, Fideos Precocidos de CR, Solarium and Cadexco signed agreements for trade and cooperation.
The negotiations were completed at an encounter of business men from both countries on Monday, within the framework of the official visit of the President of People's Republic of China, Hu Jintao. They also emphasized that the free trade agreement with China should be completed quickly.
The visit of president Hu Jintao to Costa Rica will strengthen the commercial ties with China, which are vital for increasing Costa Rica's presence in Asian markets.
Costa Rican minister of Foreign Affairs, Marco Vinicio Ruiz, says that there is a great potentional for growth in the commercial relation with China which will increase with the eventual negotiation of a Free Trade Agreement (FTA).
The Minister of Foreign Trade is ready to negotiate an FTA with China as of the first quarter of 2009.
The Presidents of both countries will make the decision to negotiate the agreement when they meet next Monday in San Jose.
The Foreign Trade Minister, Marco Vinicio Ruiz, told the press on Monday during a seminar that "the Ministry has sufficient arguments on the need to negotiate an FTA with China and they're all positive"