On Thursday the President of the Republic, Laura Chinchilla, witnessed the signing of a Framework Agreement between the Ministry of Foreign Trade of Costa Rica and the China Development Bank to prepare a study to analyze the feasibility of developing a Special Economic Zone (SEZ) in our country.
SEZs are industrial parks containing the necessary conditions of infrastructure, logistics and other things conducive to the establishment of companies engaged in the production and export of goods and services. The SEZs have been a key element of the development strategy of the Republic of China, explaining much of the growth achieved in cities like Suzhou, Tianjin and others.
The Solis administration has signed a memorandum of understanding with the Chinese government to begin studying the feasibility of setting up a special economic zone in Costa Rica for enterprises from China.
As part of the agreement signed between the two governments, feasibility studies will be started along with defining where the zone will be sited.
Costa Rica is considering adopting the Chinese model of development of Special Economic Zones in order to promote the country as a high-tech industrial center.
A statement from the Ministry of Foreign Affairs of Costa Rica reads:
On the second day of their visit to China, the Costa Rican delegation accompanying the President of the Republic, Laura Chinchilla Miranda, visited the Suzhou Industrial Park (SIP) located in the town of that name, with the aim of learning from this successful model, and adapting it to the reality of the Costa Rican environment.
It has been announced that the location of the planned special economic zone, which will be financed and built by China, will be decided in the third quarter of 2016.
The eight cantons in the area of the central Pacific which according to the Ministry of Foreign Trade have the necessary conditions to host a special economic zone are Garabito, Aguirre, Esparza, Orotina, Puntarenas, Montes de Oro, Parrita and San Mateo.
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