Archive for November 18th, 2008

China, Costa Rica to launch trade talks

Tuesday, November 18th, 2008

China and Costa Rica will launch free trade talks in January and hope to seal a deal by 2010, Chinese President Hu Jintao said Monday during his first visit to a Central American country.

Hu spent most of the day in Costa Rica with a delegation of 100 businessmen as part of China’s investment march into resource-rich Latin America, before heading to Cuba for a two-day visit aimed at strengthening ties with Havana.

China’s trade with Latin America has jumped from $10 billion in 2000 to $102.6 billion last year and it is now Costa Rica’s second most important trade partner. (more…)