Costa Rica seeks to diversify investment

Costa Rica's president said on Wednesday that China will become Latin America's biggest trading partner by 2030, as the country is eager to enhance its business ties with the region through diversified investment and trading activities.

President Luis Guillermo Solis said investments made by companies from the United States have focused heavily on Latin America's energy sector, and that such a business model cannot develop the economies of members of the Community of Latin American and Caribbean States in a sustainable way.

Costa Rica currently holds the 33-member group's rotating chairmanship. China and Costa Rica will work on a 2016-20 cooperation plan and continue their existing free-trade agreements.