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Argentina strengthens trade with Bolivia

Published on July 19, 2012

Argentina strengthens trade with Bolivia

Last Wednesday, Argentina signed an agreement with Bolivia to increase its natural gas imports. The imports will rise therefore from 13,600,000 cubic meters per day, to 16,300,000 cubic meters a day. Besides, thanks to this agreement signed by the Argentinian Minister of Planning Julio de Vido, although 15,900,000 cubic meters were expected to be imported next year, the actual figure will be 19,200,000.

Evo Morales and Cristina Kirchner’s Governments had already signed a contract in 2007 to raise imports. Its main objective was to reach 27.7 million cubic meters a day in the next 10 years, by 2017. Taking the recent decision into account, “the imports volume agreed in 2007 will be reached earlier”, De Vido said.

Argentina expressed in a previous agreement its wish to buy propane, butane and liquefied petroleum gas (LPG), with reference to the two gas separation plants to be built in Bolivia: a plant in Santa Cruz, in the East of the country, and the other plant placed next to the border that divides the two countries.

La Paz and Buenos Aires also signed two other agreements: one of them referred to the Argentinian adaptation to the digital television, and the other one was about the mutual recognition of professional degrees obtained in private universities.

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