Costa Rica
Resumes Diplomatic Relations With Cuba
China
Continues Investing In Costa Rica
National
Emergency Commission Boss Quits
50 Year Prison
Sentences Constitutional
Public Employees Get Entire Semana Santa Off
It's official, US VP
Joe Biden Will Be Visiting Costa Rica On
March 29
UNA’s Guanacaste
Campus and Appalachian State University Sign
Agreement
China
Continues Investing In Costa Rica
China said it will invest us$65 million
dollars toward a science and technology park
in Costa Rica, in a deal with private
companies and four state universities, a
news report has said. The park would be the
latest multi-million dollar cooperation
project since Costa Rica became the first
country in the region to establish
diplomatic ties with China on June 1, 2007.
"We've reached a deal ... the idea is a
development zone with research and
production to attract investments," said
Chinese Ambassador Wang Xiaoyuan, according
to La Nacion.
Costa Rica plans to begin work on the park
this year but is still seeking a suitable
site, minister for competivity Jorge
Woodbridge said.
The park will have four areas of
investigation: biotechnology, mechanical
equipment design, information technology and
nanotechnology, with joint financing from
the government, private companies and the
universities, Woodbridge said.
Last week President Oscar Arias laid the
first stone of a new us$ 83 million-dollar
national stadium to be built by China in San
Jose.
Part of China's incentives for Costa Rica's
recognition also came from its enormous
foreign exchange reserves with an offer to
buy us$300 million dollars in bonds. It is
also currently negotiating a free trade deal
with San Jose.
Both Taiwan -- a democratic self-ruled
island that Beijing considers part of its
territory awaiting reunification -- and
China have been accused of using so-called
"dollar diplomacy" to get nations to ally
with them. |
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