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In: Economics

Please answer in microsoft word For the Country Bolivia analyze there international trade policies

Please answer in microsoft word

For the Country Bolivia analyze there international trade policies

Solutions

Expert Solution

Bolivia’s strongest economic and political relationships are with its neighbours. Brazil and Argentina are two of its largest trading partners (and the largest consumers of Bolivia’s dominant export, natural gas), and it has a free-trade agreement with Mexico. Bilateral relations with Chile remain strained due to the lasting negative effects on Bolivia of the War of the Pacific in 1879, when it lost its access to the Pacific Ocean and became a landlocked country. Bolivian relations with Chile have worsened since Bolivia instituted a sea-access claim against Chile to the International Court of Justice in April 2014. As a member of the Bolivarian Alliance for the Americas (ALBA), Bolivia has aligned itself politically with other socialist-oriented governments in the region, including Venezuela and Cuba.

Bolivia is a member of other regional organisations that seek to advance political and economic interests, including the Latin American Integration Association (ALADI), the Amazon Pact, the Union of South American Nations (UNASUR), the Organization of American States (OAS), the Community of Caribbean and Latin American States (CELAC), the Andean Community (CAN) and the Forum for East Asia-Latin American Cooperation (FEALAC). It is also a member of the UN, the Non-Aligned Movement, the International Parliamentary Union and the World Trade Organization (WTO). The United States remains a significant trading partner for Bolivia, and in 2011 both countries signed a bilateral framework to normalise relations and pledged greater cooperation in addressing illegal drug trafficking. The bilateral relationship between China and Bolivia is growing. Several high-level exchanges between the two countries have enhanced cooperation in the areas of trade, satellite training, construction and launch programs, culture, health and education. President Morales visited China in August 2011, and Chinese Vice-Premier Hui Liangyu visited Bolivia one month later. In May 2013, Bolivia and China agreed to cooperate on military, operational and logistics capabilities.


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