Bolivia

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Coat of arms: the central cartouche has a border with ten stars in the bottom, which symbolize the nine Departamentos and the former province Litoral that was taken over by Chile in 1879, and the name of Bolivia in the top section. Within the border Potosí mountain — recognized by a mine entrance — is depicted, with Inti in form of a sun rising above it, and with an alpaca standing next to a palm tree and some wheat. The alpaca stands on a plain that contrasts with the mountain. The mountain and its contrast with the plains are indicative of the geography of Bolivia. The llama is the national animal, related to the alpaca and the items next to it are symbolic of the resources of the nation.

Around the shield there are three Bolivian flags on each side. Behind these are two pairs of crossed rifles that symbolize the struggle for independence. Next to the muskets there are an axe and a red Phrygian hood, which is the symbol of liberty and freedom. The laurel branches are symbolic of peace, and the condor perched upon the shield is symbolic of a willingness to defend the nation and its liberty.

Flag: was originally adopted in 1851. The state flag and ensign is a horizontal tricolor of red, yellow and green with the Bolivian coat of arms in the center. According to one source, the red stands for Bolivia's brave soldiers, while the green symbolizes fertility and yellow the nation's mineral deposits.

  • Red: «represents the blood shed by our heroes for the birth and preservation of the Republic»;
  • Yellow: «represents our wealth and resources»
  • Green: «represents the richness of our natural areas as well as hope, a foundational value of our society»
 
  • Anthem: «Himno Nacional de Bolivia» also known as Bolivianos, el Hado Propicio (Bolivians, a most Favorable Destiny) was adopted in 1851. José Ignacio de Sanjinés, a signer of both the Bolivian Declaration of Independence and the first Bolivian Constitution, wrote the lyrics. The music was composed by an Italian, Leopoldo Benedetto Vincenti.
  • Official languages: Spanish and 36 indigenous languages.
  • Geographical location: it is a landlocked country located in western-central South America. Bolivia is bordered by Brazil, Paraguay, Argentina, Chile and Peru.
  • Administrative divisions: Bolivia has nine departments — Pando, La Paz, Beni, Oruro, Cochabamba, Santa Cruz, Potosí, Chuquisaca, Tarija.
  • Capital: Sucre.
  • Governance: the executive branch is headed by a president and vice president, and consists of a variable number (currently, 20) of government ministries. The traditionally strong executive branch tends to overshadow the Congress, whose role is generally limited to debating and approving legislation initiated by the executive. The judiciary consists of the Supreme Court and departmental and lower courts. The National Congress has two chambers. The Cámara de Diputados (Chamber of Deputies) has 130 members elected to five-year terms, seventy from single-member districts (circunscripciones), sixty by proportional representation, and seven by the minority indigenous peoples of seven departments. The Cámara de Senadores (Chamber of Senators) has 36 members (four per department). 
  • Population: 10,67 million.
  • Currency: Boliviano.
  • GDP: $32,99 billion.
  • Time zone: GMT/UTC -4.
  • Telephone code: +591.
  • Barcode: 777.

 

Trade and economic cooperation between Belarus and Bolivia

The main trade partners of Bolivia are China, Brazil, USA, Argentina and Columbia.

According to the results of 2018, the import of goods by Bolivia amounted to $10 billion (7.4% increase compared to 2017).

Bolivia's Most Valuable Import Products:

  • industrial products (29.5%);
  • capital (23.8%);
  • fuel and lubricants (13.3%);
  • vehicles and spare parts for them (14.8%);
  • food products (6.8%);
  • consumer goods (11.7%);
  • other products (0.2%).

The main supplying countries for Bolivia are:

  • China (delivered goods worth $2.1 billion or 20.7% of total Bolivian imports);
  • Brazil — $1.6 billion (6.1%);
  • Argentina — $1.2 billion (11.6%);
  • Peru — $0.7 billion (6.7%);
  • United States — $0.6 billion (6.3%).

According to the results of 2018, the export of goods by Bolivia amounted to $9.1 billion (an increase of 8.7% compared to 2017).

Export Structure:

  • industrial products (54.2%);
  • fuel and lubricants (34.7%);
  • food products (8.5%).

From the list of commodity items that Bolivia regularly purchases in large quantities, the following may be of interest to Belarusian exporting enterprises:

  • diesel fuel and gasoline (10% of all imports in the amount of about $1 billion);
  • tractors, motorcycles, trucks;
  • agricultural and construction equipment and spare parts for it;
  • tires;
  • compressors;
  • medications;
  • wheat (wheat flour);
  • perfumes and personal hygiene products;
  • shoes (including sports);
  • metal profiles;
  • electric cables;
  • gas stoves;
  • metal pipes;
  • paper.

As promising, we can consider the possibilities of interaction in the field of science and technology, education, agriculture, military-technical cooperation.

Trade relations of the Republic of Belarus with Bolivia in the period 2014 — 2018 were characterized by low volumes and a narrow range of mutual supplies.

Thus, the trade turnover of the Republic of Belarus with the Plurinational State of Bolivia in 2018 amounted to $1.1 million.

Export of Belarusian goods to Bolivia in the reporting period amounted to $2.5 thousand.

In 2018 were supplied:

  • instruments and apparatus for measuring and controlling the characteristics of liquids and gases in the amount of $2.3 thousand;
  • computers for the automatic processing of information in the amount of $0.2 thousand.

The import of Bolivian goods in 2018 amounted to $1,089.9 thousand for 2 commodity items:

  • coconut, Brazilian and cashew nuts, fresh or dried, in the amount of $1,057.4 thousand;
  • seeds and fruits of other oilseeds in the amount of $31.6 thousand.

The trade balance was negative and amounted to $1,087.4 thousand.

Dynamics of trade between Belarus and Bolivia in 2010 — 2018 years (in million U.S. dollars)

Year

Turnover

Exports

Imports

Surplus

2010

0.457

0

0.457

-0.457

2011

0.192

0.046

0.147

-0.101

2012

0.950

0.262

0.688

-0.426

2013

0.711

0.097

0.614

-0.517

2014

0.570

0

0.570

-0.570

2015

0.481

0.076

0.405

-0.329

2016

0.545

0.155

0.390

-0.235

2017

0.44

0.03

0.41

-0.38

2018

1.1

0.0025

1.1

-1.1

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Bolivarian Republic of Venezuela, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Bolivia for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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