/  COSTA RICA

Send this page to a friend

 HOME PAGE  •  ADVERTISE WITH US  •  SUBSCRIBE TO OUR NEWSLETTER

   | SEARCH • ARCHIVES 

Friday 14 November 2008, San José, Costa Rica 

President Arias Hails Ties With China
Arrival of Chinese President Sunday Will Be Chaotic For Traffic
Protesters Impede Arrival Of Cruise Ship
Hotel Tax Out, Airfare Tax In
Rich Collection of Costa Rican Flora Hits The Web

 
President Arias Hails Ties With China
The visit is of great "importance" as the two countries have great potentials to further enhance their bilateral ties, Costa Rican president, Oscar Arias said in a national wide television address.

Forging diplomatic ties with China was a decision of "political realism," Aria said. China offered us$20 million dollars in aid for more than 3,000 victims of the flooding disaster in Costa Rica in 2007, the year when the two countries established diplomatic ties, Arias said.

From then on, China has impressed Costa Rica with its generosity, including a new national stadium it offered to built in San Jose.

The establishment of diplomatic ties between the two countries has ushered in a flourish in their bilateral economic, cultural, technological and commercial exchanges.

In October that year, Arias toured China, the first ever official visit by a Costa Rican president, and signed many important cooperation agreements.

Led by rapid growth in trade with China, Costa Rica's trade with Asia registered a strong surge in the following years.

According to the Chinese Commerce Ministry, Costa Rica's export to Asia reached us$1.5 billion dollars in the first seven months of 2008, with Costa Rica's export to China reaching us$1.2 billion dollars.

By contrast, its export to Asia was only us$30.1 million dollars in 2000.

Costa Rican Minister of Foreign Trade Marco Vinicio Ruiz added that this year has been very important for trade between both countries, and China has become the second largest trading partner of Costa Rica, second only to the United States.

During the past 18 months, said Ruiz, "we have opened a commercial office in Beijing, we have developed a promotion program of the Costa Rican and Chinese businessmen" and the two sides will continue seeking ways to diversify their cooperation, he added.

The two countries also saw a lot of exchanges in education and China has offered scholarships for Costa Rican students to study in China.

In addition, China has planned to open a Confucius Institute at the University of Costa Rica to offer Costa Rican people an easy access to the Chinese culture.

In the financial sector, various agreements have been signed between the Costa Rican banks and many prestigious Chinese monetary entities, such as the Bank of China.



The trip is part of a five-nation trip by Hu to the United States, Costa Rica, Cuba, Peru and Greece that will include attendance at the Asia Pacific Economic Cooperation (APEC) summit in Lima and the G20 meeting on the global economy in Washington this weekend.

Central America has traditionally favoured Taiwan, but Costa Rica switched recognition to China in June 2007, after 63 years of ties with Taipei. Only 23 countries recognize Taiwan, and half of them are in Latin America and the Caribbean.

The bilateral agenda between China and Costa Rica includes talks towards a free-trade agreement.

China has granted Costa Rica millions of dollars in financial cooperation, buying bonds from the Central American country and promising to build a modern football stadium in San Jose.

Taiwan has said that it accepts its allies recognizing China if they also maintain diplomatic ties with Taipei. But China, which sees Taiwan as its breakaway province, insists that foreign countries must first cut ties with Taiwan before they can open diplomatic relations with Beijing.
 

 

 

 
 

Advertise With Us | Subscribe To Our Newsletter | Archives | Search | About Us Online Shop | Learn Spanish | Photo Gallery |  Links
2133-1000 San José, Costa Rica  E-Mail: [email protected]  Telephone: (506) 8845 5800  / (506) 2231 3205  Fax: (506) 2232 6337
©2008  INSIDECOSTARICA.COM  All rights reserved.
Privacy Policy For more information on this website contact: [email protected]
Website Design, Hosting & Maintenance by: iStarmedia Internet Solutions