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Business | 23 June, 2009 [ 08:54 ]

Bolivian companies might move to Peru


LivinginPeru.com
Isabel Guerra

Many Bolivian large and medium-sized enterprises are reportedly planning to move to Peru amid decreasing exports due to the lack of trade openness in their country, according to Bolivia's National Chamber of Exporters.

"Bolivian companies see that Peru has appropriate conditions to settle in this country and take advantage of the U.S. market through the FTA that Peru has signed," said the National Chamber of Exporters' General Manager, Jose Rivero.

United States suspended Bolivia’s trade preference in 2008, and Bolivia is not negotiating a Free Trade Agreement (FTA) at the moment with the European Union.

Washington’s authorities have said that Bolivia could recover its trade preference if it starts inmediately an effective struggle against drug trafficking, according to international conventions in force today.

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1 Comment

# jb says :
24 June, 2009 [ 17:02 ]

Is anyone surprised that business is fleeing Bolivia?  As we can now plainly see, the Bolivarian Revolution is a total failure.  Worse yet, it is a fraud purpetrated on the poor and the ignorant.  The inefficiencies of nationalized, state run institutions, full of nepotism, has already caused a backward slide in production and productivity for Bolivia, Ecuador and Venezuela.  As much as we like to kick Telefonica around, before they won the telecom concession here in Peru, the state run telephone service was a total disaster.  It cost US$1,500 to get a phone line installed in your house and the wait was as much as 5 years depending on where you lived. 
What can you do in a country like Bolivia where business and trade policy is dictated by a president that has a vocabulary of 600 words?  Peru could be next if we are not viligent at the next election.  We dodged a bullet in the last election.

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