Economy Minister Luis Arce said that economic indicators in Bolivia are in very good health, growing above 4%, except for those of the export of natural gas to Argentina and Brazil. According to him, the cause for the fall in natural gas export volumes is the return to neoliberalism in Argentina and Brazil. He added that another cause is the US-China trade war. According to Juan Antonio Morales, former president of the Bolivian Central Bank, natural gas is Bolivia’s largest export commodity and cannot be downplayed.
Bolivia yesterday provided China with a health protocol for the export of its beef that will allow it to level its trade balance with the Asian country and to maintain its projections of regional economic growth. President Evo Morales, together with the president of the Federation of Cattlemen of Santa Cruz (Fegasacruz), Ciro Pereyra, presented the ambassador of China to Bolivia, Liang Yu, the document in an event held at the Santa Cruz Exhibition Fair.
The US will expand the import quota of sugar from Bolivia by 1,239 metric tons so that the country will now be able to sell 9,663 tons of raw cane sweetener to the country’s marketa. In January 2018, the Government authorized the free export of sugar and its derivatives. After being stagnant by a lustre, in August of that year the export of raw sugar to the North American market resumed and the the value reached $4.5 million. Bolivia had not used its quota for more than seven years, until September 2018, when it exported 7,500 TM.
The agreement allows the creation of a market of close to 800 million people. It is hailed by both sides as a landmark in global policy making and a coup for their exporting companies.