Bolivian exports to Venezuela to triple

The Bolivian textile sector is one of the most favored by ALBA (Photo: AFP)

Economy
Representatives of the state-owned company Suministros Venezolanos Industriales (Venezuelan Industrial Supplies, Suvinca) will arrive on Thursday in La Paz to make business agreed with Bolivian exporters two weeks ago a reality.

Bolivia's Deputy Minister of Trade and Exports, Huáscar Ajata, said that Suvinca's top officers will sign contracts for the agreements reached during the first round of bilateral negotiations held in La Paz in the context of the Bolivarian Alternative for the Americas (ALBA).

Bolivian exporters executed trade agreements with Venezuelan businessmen for nearly USD 47 million, during an event held between November 11 and 14, 2008. The event was organized by the government of Evo Morales after the announcement made by US president George W. Bush, to suspend the preferential tariffs granted to Bolivia by the Andean Trade Promotion and Drug Eradication Act (ATPDEA), Efe reported.

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