President of China Begins Visit to Costa Rica for Investment and Cooperation

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    Xi Jinping, President of China
    The President of China, Xi Jinping, will arrive on Sunday in Costa Rica to meet with his counterpart, Laura Chinchilla on cooperation and investment issues with its only diplomatic ally in Central America.

    Xi Jinping, who is touring of Latin America, including Trinidad and Tobago and Mexico, traveled to San José accompanied by First Lady Chinese, Peng Liyuan, and a delegation of eleven senior officials.

    This is the second official visit by a Chinese president to Costa Rica in just six years of diplomatic relations, has denoted millions of dollars cooperation projects, and expanded a free trade agreement (FTA) between the two countries.

    The Asian president arrives in San Jose exactly one month after he did the President of the United States, Barack Obama.

    Among the agreements signed on Monday is expected President Chinchilla Xi and its counterpart, features a soft loan of $ 400 million for the construction of a road in the Costa Rican Caribbean.

    Another document will address advances in the donation of 25 million dollars for the construction of the new headquarters of the National Police School of Costa Rica.

    In addition, both countries have been working for some years on a project to build an oil refinery at a cost of $ 900 million would be financed by Chinese banks also.
    The Costa Rican Foreign Minister Enrique Castillo, said that “the visit is a message sent to the world about the importance that China attaches to relations with Costa Rica, as a strategic partner in Latin America.”

    President Chinchilla has advanced talks with Xi, on Monday, will review the agenda of bilateral, regional and international, as well as the initial results of the FTA, with the aim of enhancing trade benefits for Costa Rica.

    Another issue on the table is China’s financial support for the development of projects relating to clean energy vehicles.

    Xi Jinping will arrive in Costa Rica on Sunday and will be received at the Presidential Palace for his appointment with Chinchilla.

    After sign at least seven bilateral agreements will visit the headquarters of the Costa Rican Congress and receive the keys to the city of San Jose.

    His wife will serve a private agenda for separate which includes a tour of the National Children’s Hospital.

    Xi Jinping leave for Mexico on Tuesday.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
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