Day: Apr 15, 2019

La Paz will host the 8th Andean Business Meeting in May

The 8th Andean Business Meeting will be held in La Paz between 8 and 9 May. The Foreign Trade Vice-Minister, Benjamin Blanco, said that during the meeting the delegates will discuss ways to promote production and employment as well as the strengthening of trade among the countries of the Andean Community. Businessmen from the European Union will also attend the meeting.

Bolivian gold exports grew by 9.5%

Gold exports increased by 9.5% in the period 2017-2018 thanks to the recovery of international prices. In 2018 gold exportations reached 40,690 kilos while in 2017 they reached 37,162 kilos. The Bolivian Foreign Trade Institute (IBCE) noted that the upward trend continued during the first two months of this year. 

Industrials warned that the current gold export model is not sustainable

Ivo Blazicevic, president of the Industrial National Chamber (CNI), asserted that the primary export model of gold -based on cooperative activities- is not sustainable. He added that the current model conceals informality with a high environmental cost and scarce revenue for the State. In the medium and long term, it is not suitable for Bolivia. More than 99% of the gold exploitation is in the hands of the cooperative members who leave 2.5% of royalties to the regions.