LatinNews Daily - 17 April 2008

BOLIVIA: On 13 April Bolivia said that it would seek an extension to the Andean Trade Preference and Drug Eradication Act (ATPDEA) in September. The trade preference system lifts US tariff barriers on a wide range of exports from Bolivia, Colombia, Ecuador and Peru to foster economic development in the region and thus provide an alternative to drug trafficking. It was extended for the third time on 28 February and will expire at the end of December. Pablo Guzmán, Bolivia's deputy minister of foreign trade, said that the government of President Evo Morales hoped to negotiate an extension of between three and five years, but added that it did not support a free trade agreement with the US.

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