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By Shannon at 02/25/07 23:22
Foreign Minister, David Choquehuanca, has flown to the U.S. to begin negotiations for an extension of U.S. tax preference for Bolivia. The delegation which also includes the Deputy Trade Minister will ask for a 2 to 5 year extension of advantages in the Andean Trade Promotion and Drug Eradication Act.Original source: Prensa Latina - Latin America News Agency. Bolivia, US Talk about Tax Preferences Tags: business •
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By Shannon at 02/25/07 23:20
Luis Arce, Bolivia's Finance Minister, has said that Jundal has until Monday to deliver an acceptable proposal which will not include a freezing of taxes for forty years which Jindal has demanded.Original source: Merco Press. [404 Check: was link to http:/ / www. mercopress. com/ vernoticia. do?id=9935&formato=HTML, anchor: Indian company and Bolivia at odds over huge steel foundry ] Tags: business •
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By Shannon at 02/25/07 00:53
An interesting story in the New York Times about the close relationship with Bolivia and Venezuela. The article discusses Venequela's investment in Bolivian facilities to support the "industrialization" of coca much to the chagrin of President Bush and the cancellation of Bolivia's debt.Original source: The Democracy Center. The New York Times on Evo and Hugo Tags: business •
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By Shannon at 02/20/07 18:09
Citing irregularities in the sale of the smelter complex, President Morales has said that Glencore will not be compensated. There is a question as to whether Glencore may not even legally own it. Morales cited "illegalities" in the 2000 privatization sale to British-based firm Allied Deals. Allied went bankrupt in 2003 and the facility was sold for an undisclosed amount to former Bolivian president Gonzalo Sanchez de Lozada. He later sold the complex to Glencore for 200 million dollars, but that sale is not documented. Sanchez de Lozada is currently wanted in Bolivia on human rights and corruption charges.Original source: Turkish Press. Bolivia not to compensate Swiss foundry nationalization Tags: business •
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By Shannon at 02/20/07 03:23
Swiss mining giant Glencore International AG owned the Vinto plant until last week when President Morales nationalizes the plant. An Aymara Indian shaman performed the ritual sacrifice of a snow-white llama meant to bring good fortune to the plant. The nationalization retained all but a handful of smelter employees, half of which embrace the change while the other half are waiting to see how things will go.Original source: Yahoo News. [404 Check: was link to http:/ / news. yahoo. com/ s/ ap/ 20070217/ ap_ on_ re_ la_ am_ ca/ bolivia_ nationalization_ 1, anchor: Bolivia nationalizes lone tin smelter] Tags: business •
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