Hu Jintao remained in Costa Rica on Monday during which he and president Arias signed several agreements as well as set a date for the first round of a free trade negotiation to be carried out in January 2009.
Jintao’s visit to Costa Rica was a quick one and concluded at 4:45pm without incident. A public act that carried on for 40 minutes included the signing of several agreements between both nations. Jintao addressed the Costa Rican public by means of a translator and did not take any questions from the press.
Among the agreed negotiations is the financing of the construction of a new and more modern National Stadium, the formalization of the free trade agreement, guarantee of Costa Rica’s participation in the Shanghai World Expo in 2010, the creation of a language and cultural center at the University of Costa Rica and a pre-contract to create a bi-national fuel refinery among others.
With the free trade treaty between China and Costa Rica, both nations hope to strengthen commercial ties, as both countries will benefit from the trade. During Jintao’s translated speech, he mentioned that his country has the intention of increasing their import of Costa Rican products as well as promote and support Chinese investment in Costa Rica.
Hu Jintao and his staff left Costa Rica Monday evening towards Cuba where the Chinese president will continue with his scheduled meetings.
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