Friday, March 13, 2009

Economy: Bolivia to get by with a little help from its friend - Brazil

Xinhua reports Brazil is to assist Bolivia overcome the impact of the international financial crisis by increasing bilateral trade, Brazil's Foreign Minister Celso Amorim said Thursday.

In 2008, the Brazilian exports to Bolivia totaled 1.14 billion U.S. dollars, while Bolivia's exports to Brazil reached 2.85 billion dollars.

"Last year, Bolivia was the only country in Latin America with which Brazil registered a trade deficit," Amorim said. "You cannot want to have surplus with everyone; you have surplus with some, deficit with others, we do not want to change that."

The Bolivian surplus is mainly due to its natural gas exports to Brazil, which amount to 30 million cubic meters of gas per day.
Published by Mike Hitchen, Mike Hitchen Consulting
Putting principles before profits