In news from Latin America, the Bush administration has suspended longtime trade benefits to Bolivia as tension continues to rise between the two countries. Washington cited the failure of President Evo Morales’s administration to cooperate in the so-called war on drugs as the main motivation for the move. Bolivia, Ecuador, Peru and Colombia have received duty-free status for most of their goods under a program dating to 1991 to help fight the illegal drug trade. But now Bolivia will have to pay more to get exports like textiles into the United States. Morales said Bolivia would immediately start looking for new outlets for exports.
Evo Morales: “I’ve asked the economic team and foreign ministry to urgently open markets with China, Iran and Libya. It’s just a question of producing more and starting negotiations.”