In the first four months of this year, the value of Bolivian exports rose 34 per cent due to the increase in the price of products such as gold, soybeans, tin, and others.
Bolivia does not have an agrochemical production industry, so demand is being met exclusively by imports. In the last three years, smuggling these inputs has increased considerably, representing at least 30% of legal imports. Estimates indicate that this activity has an economic turnover of between $40 and $50 million annually and that, due to poor … Continue reading Up to 30% of the agrochemicals entering Bolivia come from smuggling
Since 2006, the State has faced more than 15 lawsuits and had to pay close to one billion dollars in compensation to the foreign companies claiming for the nationalization. Six arbitrations are still ongoing.
The refreshment bonus, which public servants will collect through the Mobile Wallet application in 90 days, will move 278 million bolivianos ($39.88 mn) per year to purchase domestic products, the Government informed yesterday.
Petróleo Brasileiro S.A. (Petrobras) informs that its integral subsidiary Petrobras Bolivia S.A. (PEB) was ordered in the first instance to pay compensation for using the property where the San Alberto field facilities located in the amount of $61.1 million, plus interest and costs. The judgment also imposes precautionary measures against the oil company. PEB informs that it appealed to a higher instance, such as the Agro-environmental Court of Sucre, where the case evaluates currently.
From the beginning of its activities until March 2021, the Border Task Force (Gefrontera) has seized the equivalent of more than $2.5 million. The figure refers to calculating the value of seizures of weapons, vehicles, drugs, boats and smuggled goods. Source: El Deber
The Agro-environmental Court of Sucre, after the drawing of lots for the magistrate rapporteur, will be in charge of analyzing the economic claim against Petrobras for an amount of $61.5 million. A private plaintiff claims to have the proprietary right over a 544-hectare property where the San Alberto well is located, with a Social Economic Function (FES) vocation.
One hundred per cent of the Tuichi River, which located inside the Madidi National Park and Integrated Management Natural Area, and which is part of the Uchupiamona Communal Land of Origin (TCO), has been gridded by the Mining Administrative Jurisdictional Authority (AJAM) for gold mining in one of the most biodiverse protected areas on the planet.
Bolivia imports 200 tons of mercury due to the low tariff rate of less than 4%, neighbouring countries, Brazil, Chile and Peru, no more extended import because importing this mineral is prohibited. This fact happens even though the country signed the Minamata Convention in 2016.
The bovine cattle complex in Bolivia grew 144% in the value exported to China in the first quarter of this year, and Russia, in the same period, burst into the customer portfolio with the purchase of 268 tons. It went from $11 million in the first quarter of 2020 to $26.8 million in the same period of 2021.