Chinchilla Negotiating Mega Chinese Free Zone in Costa Rica

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    The President of Costa Rica, Laura Chinchilla, while visiting one of the largest industrial parks in China, Suzhou, said the Chinese experience can help create a similar area, that specializes in Chinese investment in Costa Rican territory.

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    The China-Singapore Industrial Park in Suzhou, established in 1994, has about 20,000 companies, 25 percent of them foreigners, many of Singapore.

    A veritable city has been built around it for those who work there, with some 750,000 inhabitants and all kinds of services, from education and health to shopping and entertainment.

    This was confirmed to EFE by Costa Rican Foreign Minister, Enrique Castillo, who along with three other ministers accompanying Chinchilla in the second official trip by a President to China.

    The idea of creating an industrial zone in the Central American country, China’s Suzhou Park is “a model to imitate, of course keeping the differences in size and scale, but is a model even for Costa Rica, which has been working with zones for many years, “said Castillo.

    Create something similar, Costa Rica would enter “a new stage” with “a new quality in free zones.”

    “We have been one of the most successful countries in Latin America in attracting foreign direct investment, especially in recent years,” said Chinchilla.

    To make this possible, Chinchilla told Zhou that she would like to have China’s experience and collaborate with the Development Bank of China, whose leaders will speak on Thursday, to “start planning design” of a possible joint industrial park specialized Chinese investment in his country.

    The Costa Rica News (TCRN
    San Jose Costa Rica

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