"This [deal] opens the door for Bolivians to have an international port, to the use of the ocean for global trade and for Bolivian products to have better access to global markets," Evo Morales said after signing the agreement.
Beginning June 7, Bolivia will terminate its free trade agreement with Mexico which has existed since 1994. No reason was given for why the Andean nation is taking this step.
Anglo-Argentinean energy firm Pan American Energy has initiated arbitration against Bolivia over the nationalization of its subsidiary Chaco Petroleum by the Morales government in 2009.
Chilean Química e Industrial del Bórax Ltd. (“Quiborax”) will continue with its claim against Bolivia at the International Centre for Settlement of Investment Dispute (“ICSID”), despite reports of a settlement agreement and Bolivia’s renunciation of the ICSID convention. The case will likely shed the first light as to the effects of renouncing the ICSID Convention, a controversial topic over which no tribunal has yet to rule.
The recent clashes between the Peruvian government and indigenous peoples exacerbated tensions between Peru and neighbouring Bolivia whose indigenous president, Evo Morales, accused the Peruvian government of genocide against tribal protesters.
Bolivia’s President Evo Morales said on Tuesday he would hold off on legal action over the US suspension of trade benefits for the Andean nation in hopes that President-elect Barack Obama will reverse the step.
The US officially shut out Bolivia from the benefits of the Law of Andean Trade Preference and Drug Enforcement Act (ATPDEA).
This week, Bolivians are in Lima to help organize a protest against Peru and Colombia for agreeing to sign a Free-Trade Agreement with the European Union.
The right laments the "isolation" of the Bolivian economy from the global currents of trade because it has put three crosses against the free trade agreement with the United States and there isn’t the will to take part in an agreement with the European Union, the "biggest markets on the planet".
The President of Bolivia, Evo Morales, accused the US of extending its Free Trade Agreements program to divide Latin American countries.
Alan Garcia’s reference to the differences between Lima and La Paz on an Association Agreement between the Andean Community of Nations and the European Union, referring to the format of the free trade agreement with the United States, which Bolivia rejects, is regrettable experts say
Running their business via a letterbox company in the Netherlands, transnational corporations profit from the corporate-friendly Dutch tax regime and bilateral investment treaties the Netherlands has with third countries. Euro Telecom Italia (ETI), a subsidiary of Italian telecoms giant ENTEL, is one such letterbox company. ETI recently lodged a complaint with the World Bank tribunal ICSID against Bolivia for compensation, after the Bolivian government had launched a review the company’s much-criticised performance and attempted to negotiate a buy back of what used to be a public telecommunications company.
The US House of Representatives on Wednesday approved a 10-month extension of a trade program aimed at promoting imports from four Andean nations and thus discouraging the cultivation and production of illegal drugs.
More than 800 citizens groups from 59 countries on every continent presented a petition on Tuesday, January 15 to World Bank President Robert B. Zoellick, expressing concerns about the International Center for the Settlement of Investment Disputes (ICSID), whose Administrative Council Mr. Zoellick chairs.
Choquehuanca’s trip has the purpose of open better markets that go beyond the Free Trade Agreement signed with Mexico ten years ago.
The Bolivian Deputy Minister of Economic Relations and Foreign Trade Pablo Guzman said that his country will demand sovereignty of natural resources, public services and intellectual property in its negotiations with the European Union.
Bolivia joined the ALBA-TCP pact in 2006, and the government has earmarked $1.5 million for quinoa growers out of the $100 million provided by Chávez for investments benefiting small farmers. This will include credit for at least five quinoa-related projects in the southern altiplano.
The U.S. House of Representatives on Wednesday approved an eight-month extension of long-standing trade benefits for Andean countries, potentially setting the stage for approval of a free trade pact with Peru and a contentious debate on a deal with Colombia.
The House of Representatives is scheduled to vote today on a plan to extend trade preferences for Colombia, Peru, Ecuador and Bolivia for eight months.
The Bolivian government is committing “commercial suicide,” said the Bolivian chamber of exporters, saying it was “one of the most unfortunate steps in the recent history of integration.” Yet all the Bolivian Government had done was explain that, in negotiations for an Association Agreement with the European Union, it was not prepared to negotiate away State control on issues of intellectual property, state purchases or procurement, international arbitration of investments and public services.