Bolivia-Mexico Trade Agreement in Force 
Sancti Spíritus - Cuba - Escambray, June-7-2010
The governments of Mexico and Bolivia signed an Economic Complementation Agreement (ECA) that goes into effect today, informed an official source. According to a report of the Bolivian Economy and Public Finance Secretary, ECA substitutes the bilateral Free Trade Treaty (FTT) that was in effect since 1995 and that was criticized by La Paz.
For the Executive of Bolivia the FTT are incompatible with the principles of the new State Political Constitution, in effect since February 2009.
The Constitution the Evo Morales government is bound to renegotiate signed international treaties that are contrary to national objectives.
ECA guarantees access of Mexican products in the Bolivian market, primarily of small and medium size companies.
Exports of Mexico to Bolivia rose almost fivefold and reached 62 million dollars in 2009, while Bolivian products represented 45 million dollars for the same year, according to national statistics.
The main sales of Mexico to Bolivia were shampoos, chips, expandable polystyrene, computers and milk products for infant nutrition.
Bolivia, for its part, exported to Mexico, non alloy tin, lead minerals and its concentrates, antimony oxides, raw silver and tin bars and rods.
According to the vice minister of Foreign Trade and Integration, Pablo Guzman, ECA will be more advantageous since Bolivia can sell to the Mexican market almost all its exportable offer thereby surpassing all FTT obstacles.
The FTT signed with Mexico never really functioned in full because there were some difficulties regarding commitments of both parts. ECA improves trade balance that was unfavorable for Bolivia regarding Mexico, specified the official.
Date: June-07-2010
http://www.escambray.cu/Eng/world/boliviamexico100607845
The governments of Mexico and Bolivia signed an Economic Complementation Agreement (ECA) that goes into effect today, informed an official source. According to a report of the Bolivian Economy and Public Finance Secretary, ECA substitutes the bilateral Free Trade Treaty (FTT) that was in effect since 1995 and that was criticized by La Paz.
For the Executive of Bolivia the FTT are incompatible with the principles of the new State Political Constitution, in effect since February 2009.
The Constitution the Evo Morales government is bound to renegotiate signed international treaties that are contrary to national objectives.
ECA guarantees access of Mexican products in the Bolivian market, primarily of small and medium size companies.
Exports of Mexico to Bolivia rose almost fivefold and reached 62 million dollars in 2009, while Bolivian products represented 45 million dollars for the same year, according to national statistics.
The main sales of Mexico to Bolivia were shampoos, chips, expandable polystyrene, computers and milk products for infant nutrition.
Bolivia, for its part, exported to Mexico, non alloy tin, lead minerals and its concentrates, antimony oxides, raw silver and tin bars and rods.
According to the vice minister of Foreign Trade and Integration, Pablo Guzman, ECA will be more advantageous since Bolivia can sell to the Mexican market almost all its exportable offer thereby surpassing all FTT obstacles.
The FTT signed with Mexico never really functioned in full because there were some difficulties regarding commitments of both parts. ECA improves trade balance that was unfavorable for Bolivia regarding Mexico, specified the official.
Date: June-07-2010
http://www.escambray.cu/Eng/world/boliviamexico100607845