Bolivia–China relations

Bolivia–China relations

Bolivia
China

Bolivia – China relations officially began on July 9, 1985.[1][2]

History

Since the establishment of diplomatic ties between China and Bolivia in 1985, relations have expanded from economic and cultural ties to military, transport, infrastructure, raw materials, education and other areas.[3]

The two countries recently celebrated 25th anniversary of diplomatic ties in Beijing, July 9, 2010.[4]

In August 2010, China and Bolivia agreed to continue to develop military ties and cooperation.[5]

Bilateral relations

Bilateral trade began from very low volumes at approximately $4 million.[2] This increase to over $27.76 million in 2002.[2]

China's exports to Bolivia includes hardware, machinery, light industrial goods, textiles and daily necessities.[2]

Bolivian exports to China were lumber and mineral ore. [2]

Bolivia has recently purchased US $300 million communication satellite from China and also a loan of 67 million dollars to upgrade infrastructure in the Oruro region.[6]

China Development Bank has also given $15 billion loan to the Bolivian government to develop El Mutun iron-ore deposit.[7] [8]

See also

Bibliography

References

  1. ↑ http://english.peopledaily.com.cn/90001/90776/90883/7060189.html
  2. ↑ 2.0 2.1 2.2 2.3 2.4 http://www.mfa.gov.cn/eng/wjb/zzjg/ldmzs/gjlb/3468/t17342.htm
  3. ↑ http://www.mfa.gov.cn/eng/wjb/zzjg/ldmzs/gjlb/3468/
  4. ↑ http://english.sina.com/china/2010/0709/328544.html
  5. ↑ English.news.cn. "Defense chiefs of China, Bolivia pledge stronger military ties". Xinhua News Agency. Retrieved 1 October 2010.
  6. ↑ Garcia, Eduardo. "Bolivia, China team up on communications satellite". Thomson Reuters. Retrieved 1 October 2010.
  7. ↑ "China Offers to Loan Bolivia $15 Billion to Develop Iron-Ore Deposit". Latin American Herald Tribune. Retrieved 1 October 2010.
  8. ↑ "Bolivia China offers U.S. $ 15,000 million to exploit iron". TodaNoticia. Retrieved 1 October 2010.

External links