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Costa Rica, China sign techno-economic pact

by Staff Writers
San Jose (AFP) Nov 15, 2010
China and Costa Rica Monday signed a 29.9 million dollar cooperation agreement that will help complete the construction of a National Stadium in San Jose, paid for totally by Beijing, the Foreign Ministry said.

The technology and economic cooperation agreement signed by Foreign Minister Rene Castro and China's deputy Trade Minister Zhong Shan is the fourth accord concluded by the two countries since they established diplomatic relations in 2007, a ministry statement said.

Over the past three years, china has granted Costa Rica 130 million dollars in non-refundable aid, 75 million of which has been used to build a modern stadium in western San Jose.

Chinese aid has also gone to help victims of recent weather-related catastrophes, to buy police vehicles and fund scholarship programs.

Deputy Foreign Minister Carlos Roverssi said China's future projects in China include building a four-lane highway from San Jose to Costa Rica's chief Caribbean port city of Limon, 110 kilometers (70 miles) to the east.

Trade between Costa Rica and China peaked at 3.18 billion dollars last year, 10.8 percent more than in 2008.



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