Bolivia’s trade deficit reduced substantially to $US148 million

Bolivia's trade deficit registered a substantial fell from $US713 million in the first nine months of 2017 to $US148 million in the same period of 2018, according to the National Institute of Statistics (INE). The main destine of Bolivian exports where Brazil, Argentina and India, while the main imports came from China, Brazil and Argentina.

“Bolivia must change the rules to attract investments in the hydrocarbons industry “

Argentina and Brazil opened to foreign investment, and thus they managed to increase their oil and gas reserves. They also progressed to become self-sufficient in energy. Meanwhile, Bolivia stayed behind as there were no new oil and gas discoveries in the last decade. "Therefore the rules must be modified to attract private capital towards the hydrocarbon sector," stated energy consultant Boris Gomes Uzqueda.