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Archive for 'Investment'

Costa Rica Aims to be China’s trade hub to the Americas

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As the only Central American country that maintains diplomatic relations with China, Costa Rica is trying to set itself as the hub for Chinese investors to enter markets in the Americas. With a Free Trade Agreement between those nations that came into effect August 2011, bilateral commerce is set to increase even more. Already, the General Administration of Customs of China shows that trade volume between China and Costa Rica reached $3.8 billion in 2010, up 19.2 percent year-on-year. According to recent news articles, trade is not only a one-way relationship. Since 2000, Costa Rican exports to China, which include computer components and accessories, electrical plugs and agricultural products, increased approximately 70 percent annually.

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Sinohydro to win $1.2b hydroelectric generation project in Costa Rica

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China’s largest hydropower construction enterprise, Sinohydro Corp, is expected to win a $1.2 billion contract to jointly build a 300 megawatt hydroelectric power generation plant in CostaRica with Costa Rican Institute of Electricity (ICE).

To read more: http://www.chinadaily.com.cn/cndy/2011-08/10/content_13081666.htm

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