Grenada and Costa Rica are expected to sign a Frame Cooperation Agreement as a result of a six member Costa Rican delegation led by Foreign Affairs Minister and Worship H.E. Enrique Castillo Barrentes visiting the island on Thursday.
The visit which is at the invitation of Prime Minister Tillman Thomas will see the Central American delegation having discussions with the Grenada Industrial Development Corporation (GIDC), Grenada Chamber of Industry and Commerce (GCIC), and other stakeholders, as well as visit a series of sites to explore the possibility of Costa Rican investment in Grenada.
Recognizing the desire to strengthen the existing ties of friendship between the two countries, the Agreement, said a statement from the Ministry of Foreign Affairs will be aimed at promoting Technical, Economic, Scientific and Cultural cooperation between the parties, through the development and implementation of specific programs and projects in areas of common interest.
“Additionally, the Agreement should facilitate and encourage public-private partnerships among entities from both countries for the development and implementation of projects,” the statement said.
The agreement will place heavy emphasis on the implementation of joint projects and provides a roadmap for Grenada-Costa Rica cooperation for the future.
By Linda Straker
