China Buys Costa Rica for $1.5 Billion

China Buys Costa Rica for $1.5 Billion





Posted by admin on Monday, June 3, 2013 · 6 Comments






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.

But the project is under debate as Costa Rican economists and politicians question the Chinese feasibility studies, and say the money would be better spent seeking alternative forms of energy.

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.


Thanks to: http://www.costaricantimes.com

More county's to poison ..china just bought the biggest Pork processing and farm comp in the
u s