Financing Being Studied for Refinery in Costa RicaTuesday, June 14, 2011 The Costa Rican Petroleum Refinery has begun to study funding models with representatives of Chinese companies. Soresco, in a joint venture with Recope and China's CNPC oil, has almost completed the project’s feasibility studies. Costa Rica: $65 million from China for Technological ParkWednesday, March 18, 2009 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. China Demands Better FTA OfferTuesday, June 16, 2009 Costa Rica is offering to free a 70% of all tariffs while China demands an offer similar to theirs, which is 95%. The new offer from Costa Rica does not include the most sensitive products for China. Likewise, the proposal from the Asian country does not include the products of greatest interest to Costa Rica, like sugar, meats, and coffee. However, China does offer an opening of 94.5% of the tariff lines. Doing Business in China Now EasierFriday, May 17, 2013 71 steps for the establishment of foreign companies in the Asian nation have been eliminated, while another 20 have been delegated to the central government. The State Council (government) of China has announced that it will simplify administrative procedures, among which is the reduction of paperwork for foreign businessmen to set up their companies in the country. The Tiger Shows its SpotsTuesday, June 18, 2013 A Chinese state heavyweight is the company contracted to carry out the feasibility study for the Grand Canal of Nicaragua. This is good news for Nicaragua: peaking out from behind the unknown HK Nicaragua Canal Development and its president Wang Jing, are the real stakeholders in the Grand Oceanic Canal. Decision Made That Costa Rica Will Have A RefineryFriday, November 21, 2014 The Solis administration says that it is no longer an issue whether a new refinery will be built, but rather they are analyzing "whether or not it will work" doing it with China. The government of Luis Guillermo Solis has made it clear that it believes a new oil refinery needs to be built, for which it had signed a contract with the Chinese government, who will fund the work. Chinese Consortium to Design Bridge Over CanalFriday, June 3, 2011 At a price of $4.6 million the consortium China Communications Construction Company / Louis Berger Group will design the third bridge over the Panama Canal. The consortium will have a period of approximately 11 months to complete the design. The tender for construction could be carried out between June and July 2012. 5th Round for China-Costa Rica FTATuesday, February 9, 2010 In this round both parties expect to close a number of chapters, including national treatment, food health measures, intellectual property and cooperation. Fernando Ocampo, Costa Rica's chief negotiator, explained that they have already agreed on 90% of the Free Trade Agreement regulation. More and More Chinese carsMonday, July 16, 2012 Those who can’t afford to buy a new vehicle of a traditional brand are opting for Chinese brands paying used car prices. The Asian giant has increased its exports to emerging markets while sales to European and U.S. markets have declined significantly. First Contracts for Port of La Unión in El SalvadorMonday, July 5, 2010 The shipping companies CMA/CGM and China Shipping are the first to make their operations in the Port of La Unión official. They will dock at the Salvadorean port once a week, reported the country's state-owned ports authority (CEPA). China displays products in Costa RicaTuesday, September 9, 2008 A total of 28 Chinese companies will put their products on display in Costa Rica from September 11-14. Meanwhile, some 300 government officials and business leaders from Central America will take part in a forum along with Chinese representatives, organizers of the event reported on Monday. Nicaragua Opens Trade Office in ChinaThursday, February 24, 2011 The business office will start operations next May 3 in Beijing. The aim is to facilitate trade for Nicaraguan businessmen, said Ajax Delgado, president of the Business Council for the Promotion of Economic and Trade Relations with China (Cefech). Feasibility Study Underway for Costa Rica – China RefineryWednesday, May 26, 2010 Soresco (a joint venture between Costa Rica’s Recope and China’s CNPC) will hire a company to develop the refinery’s feasibility studies. Such study will determine if the countries go forward with the $1 billion project. China requires the project to have at least a 16% return on investment. China Unhappy with Costa Rican ProposalWednesday, April 15, 2009 The opening bid submitted offers of only 53% of tariffs in terms of 0 to 10 years. The proposal leaves the other 47% of the goods pending for future rounds of negotiations. First round of negotiations for the Costa Rica - China FTAMonday, January 19, 2009 From today through Wednesday the meeting will be held in San Jose, and will be the first encounter to define the action plan that will be followed. Elfinancierocr.com reports: "The chief negotiator for Costa Rica, Fernando Ocampo, explained that 9 groups will meet to discuss the main topics of the negotiation, including, rules of origin, market access, commercial defense, sanitation and phytosanitary measures, services and investment, conflict resolution and intellectual property and the promotion of trade relations. |
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