Costa Rica’s Solís hits the road again, this time to Canada

October 8, 2014
5 Comments

President Luis Guillermo Solís might have to add traveling-salesman-in-chief to his credentials. The Costa Rican leader announced Wednesday that he would travel to Canada to participate in the Toronto Economic Forum during the week of Oct. 26 to drum up more foreign investment for the country in his sixth trip abroad as president.

Solís described the forum as a collection of the 400 largest businesses in the United States and Canada, along with representatives of investment banks and investors. The president said that the trip was part of his promise to bring more foreign investment to Costa Rica.

On Sunday, Oct. 26 and Monday, Oct. 27, Solís will participate in several events organized by the Costa Rican Investment Promotion Agency, CINDE, and COMEX, including a dinner with 150 business representatives. On Tuesday, Oct. 28, his last day in Canada, Solís will speak at the TEF about the future of the inter-American system alongside former U.S. Secretary of State Henry Kissinger.

Solís may have his work cut out for himself attracting more business from Canada. Costa Rica and the Canadian mining company Infinito Gold have been embroiled in a dispute over the cancelled Las Crucitas gold mine concession since 2010. The British Columbia-based mining company claimed that Costa Rica violated the Costa Rica-Canada Bilateral Investment Treaty when it canceled the concession amid environmental and administrative scandal. Infinito filed a Request for Arbitration with the World Bank’s International Centre for Settlement of Investment Disputes seeking $94 million in damages from the Costa Rican government.

In 2013, Canada invested only $41.9 million in Costa Rica, significantly less than the United States ($1.24 billion) and Mexico ($132 million), according to figures from the Foreign Trade Ministry (COMEX).

This would mark Solís’ sixth trip abroad since taking office on May 8. In June, he attend the inauguration of Salvadoran President Salvador Sánchez Cerén; traveled to California and New York to attract foreign investment; and attended a meeting of the Central American Integration System’s in the Dominican Republic.

In July, he traveled to Brazil for a meeting of the meeting of the Community of Latin American and Caribbean States, of which Costa Rica was president pro tempore. In September, Solís traveled to New York to address the United Nations General Assembly.

After winning his runoff election, the president went on a traditional meet-and-greet tour of Central American leaders to invite them to his May 8 inauguration.

You may be interested

‘Pura vida’ on a mission: Monteverde recovers from Tropical Storm Nate
Dispatch from Monteverde
86 views
Dispatch from Monteverde
86 views

‘Pura vida’ on a mission: Monteverde recovers from Tropical Storm Nate

The Tico Times - October 17, 2017

“The road is gone. Destroyed. The landslide covers everything.” I stared intently at my neighbor in the passenger seat. I…

Ocean-gazing under the dome
Photos & Video
4533 views
Photos & Video
4533 views

Ocean-gazing under the dome

Katherine Stanley - October 17, 2017

Renowned Costa Rican pianist and composer Manuel Obregón, artist Carlos Hiller, underwater photographer Simón Bolivar, LUZ ART and the Children's…

Día de las Culturas/Columbus Day: a brief, incomplete guide
Global
1121 views
Global
1121 views

Día de las Culturas/Columbus Day: a brief, incomplete guide

Jill Replogle - October 16, 2017

Happy Día de las Culturas (Cultures Day), Columbus Day, Día de la Raza (Race Day, loosely translated), Indigenous Peoples Day,…