IDB President Calls on Latin America to Prepared to supply the Chinese Market

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During the VII Latin-China Summit which opened Tuesday, Nov. 26th 2013, at the Real Intercontinental Hotel in Escazu, the president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, asked the members to prepare to supply the high demand that will be generated n the coming decades the Chinese market.

Moreno noted that more and more Chinese middle class people migrate to the large cities where they require telecommunication services, potable water and wastewater treatment, as well as products.

The meeting involved about 1,000 people, of which about 200 are Chinese business representatives.

The summit was opened by President Laura Chinchilla, who answered the questions that are given regarding investments in the country and agreed with Chinese companies on issues such as the extension of Route 32.

Chinchilla acknowledged that such questions affect attracting investments to Costa Rica. “The impact will be not only to China but also to the promotion of the country with other nations,” she added.

The Summit will run until Wednesday, November 27th, with business meetings and conferences for entrepreneurs.

Costa Rica News Site

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