Lawmakers approve bill giving protection to Chinese investors

Lawmakers Monday passed for the second and final time a bill that gives protection to Chinese investors in Costa Rica. The bill also anticipates that similar treatment will be given to Costa Ricans in China.

The measure, No. 17.246, also seeks to promote Chinese investment here.

The measure is short of a treaty, but it does address problems such as expropriation, compensation for loss or damage of goods.  The bill is similar to agreements with other countries.

Costa Rica is banking on significant investment from China, although the country is having its own financial problems now.

The bill now goes to President Luis Guillermo Solís for his signature.

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