Thursday, August 12, 2010

Bolivia increases its exports to the USA

Chapter One: In December 2008, then President George Bush suspends the ATPDEA trade agreement between Bolivia and the USA, stating that Bolivia hadn't coopoerated with the "war on drugs", US style. Laments from Bolivian biz, we're-all-gonna-die, Morales killing country economy, etc.

Chapter Two: In the period January 2009 to July 2009, Bolivia's exports to the USA, now having to pay trade tariffs, totalled $175.2m

Chapter Three: In the period January 2010 to July 2010, Bolivia's exports to the USA, still paying the same trade tariffs as in the same period of 2009, totalled $256.76m. In other words, Bolivian exports to the USA are up 46.6% YoY.

All this happened in the period when Bolivia's economy was the fastest growing in all the Americas, too. Yep, from Canada to Tierra del Fuego, Bolivia came out best. Funny old world, innit?

Source: La Razon