LatinNews Regional Monitor: Andean Group - 26 June 2019

* The governments of Bolivia and Peru have signed 12 agreements and 92 bilateral commitments that will boost bilateral economic integration and development. The agreements were signed during the 5^th Binational Cabinet meeting held in the Peruvian coastal city of Ilo, Moquegua region, attended by Bolivia’s President Evo Morales and Peru’s President Martín Vizcarra. Three agreements on energy integration were signed, which seek to improve the supply and distribution of Bolivian natural gas to Peruvian border towns, such as Desaguadero, as well as to southern areas of Peru. Another important point discussed was the development of the Ilo mega-port, which will benefit Bolivia’s “geostrategic outlook on development” by providing the landlocked country with a platform to increase its exports overseas. During the meeting officials from both countries also discussed issues relating to security; protection of the environment, namely the conservation of Lake Titicaca; and road and railway integration, such as the Bioceanic train project.

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