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  HOME | Central America

Costa Rican President Begins Official Visit to South Korea

SEOUL Ė The president of Costa Rica began a four-day official trip to South Korea on Tuesday in a bid to strengthen bilateral political and economic ties, and during which he will also meet with his South Korean counterpart on Wednesday.

Diplomatic sources said Luis Guillermo Solisí visit is part of the 54th anniversary of bilateral relations between the two countries and could provide impetus to South Koreaís ongoing talks with Costa Rica and other Central American nations.

As the first thing on his official visit agenda, the Costa Rican leader will meet South Korean companies Tuesday with a view of boosting trade and attracting investments into his country.

On Wednesday, Solis will meet President Park Geun-hye to assess the state of bilateral relations, analyze issues of mutual interest such as military provocations by North Korea, and try to boost cooperation in several specific fronts, according to Seoulís Presidential Office.

Following the summit, the two countriesí respective delegations will sign agreements for exchange of tax information, cooperation in health, security, science and technology, as well as a scholarship program with the University of Korea.

Costa Ricaís entity for foreign trade promotion, Procomer, is also expected to ink a strategic deal with the Korean agency for promotion of investment and trade, KOTRA.

Solisís official visit will conclude on Friday with meetings with senior officials from South Korean telecom and auto companies, among others.

Official figures provided by Seoul show trade between the two countries climbed to $394 million in 2015.

The Central American country exports products like electronic components, coffee, bananas, pineapples and medical equipment to South Korea, while the latter supplies it with goods such as vehicles, mobiles, electronic parts and iron sheets.

 

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