Costa Rica News – Let’s all be honest here. Costa Rica and Laura Chinchilla just sold the soul of Costa Rica. The price tag was $1.5 Billion, but I guess we can add that to the running total which includes the national stadium.
Do not forget that this includes a $900 Million line of credit for an oil refinery on the Caribbean coast. Showing once again that the Costa Rica government is not really wanting to go “green” and be carbon neutral. It also shows once again they do not care about the Caribbean coast of Costa Rica.
During an official visit by Chinese President Xi Jinping, the two countries signed nine cooperation agreements totaling $1.5 billion that will provide resources for improving Costa Rican roads and public transit fleets, purchasing solar panels and the building of a new police school.
Costa Rica is the only Central American country that has diplomatic relations with China, the world’s second-largest economy, and has been rewarded with projects and visits by two sitting Chinese presidents since it first recognized the Asian giant over Taiwan in 2007.
The refinery, in Puerto Limon, is small and old and refines about 18,000 barrels of imported crude a day. The remodel could boost production to 65,000 barrels a day, with the Chinese sharing in the profits. Costa Rica sought help from China in updating the facility.
Rene Castro, minister of environment and energy, said that the agreement only means having a line of credit available and that Costa Rica’s government still has asked state universities for analysis to determine whether the project is feasible.
The Chinese also ratified Costa Rica’s sanitary protocol to allow the export of pork to China, while the largest dairy business in the country, Dos Pinos, announced new exports of fresh and flavored milk.
Costa Rican President Laura Chinchilla said her country will make the visa process more flexible to increase the number of Chinese tourists and business vistors.
Foreign Minister Enrique Castillo said Costa Rica will speed up the process for Chinese who already have visas from other countries, such as the U.S. and European Union, and will add people in the Beijing and Shanghai consulates to process paperwork quicker.
China has more than 100 million tourists traveling worldwide, Castillo said, noting that if Costa Rica could get 500,000 of them, it would boost tourism visits by 25 percent. Currently Chinese tourism to Costa Rica is very small because of visa problems.
But the Costa Rica government is making sure these tourists are pushed to the Pacific Coast of Costa Rica. If there is an oil spill they are not worried as it will only hurt the a coast filled with people that the leaders of Costa Rica with their racism have deemed unimportant.
But I am sure this president as well as some of the former presidents will have a nice retirement villa waiting after this term in office. Bought and financed by China.