In June 2007, Costa Rica, motivated by the belief that recognising China would lead to increased foreign investment and economic growth, ended diplomatic relations with Taiwan, in favour of recognising the PRC as the true government of China.[1] Costa Rica was the first Latin American state to switch recognition, marking a "turning point" for China's involvement in the region.[2]
In 2007, Costa Rican President Óscar Arias requested that during a state visit to China that China fund a stadium for Costa Rica.[7]: 50 China financed and built the Estadio Nacional de Costa Rica, which it completed in March 2011.[7]: 50
In 2021, Costa Rican exports to China were worth US$308 million, and Chinese foreign direct investment was worth $600,000.[1] A cooperation framework "action plan", in effect from 2016 to 2020, was signed by both countries.[1][10]
Chinese telecommunication company Huawei is the principal supplier to the Costa Rican Electricity Institute (ICE), accumulating a total of $266 million in contracts.[11] Huawei was previously fined for non-compliance with contractual obligations to ICE by the Costa Rican government.[12]
In June 2022, Qiu Xiaoqi, the Special Representative of the Chinese Government on Latin American Affairs, visited Costa Rica. During Qiu's visit, he met with the president of Costa Rica, Rodrigo Chaves, and other key Costa Rican government figures.[16]
^Cheng, Wenting (2023). China in Global Governance of Intellectual Property: Implications for Global Distributive Justice. Palgrave Socio-Legal Studies series. Palgrave Macmillan. p. 69. ISBN978-3-031-24369-1.