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Bolivia and China sign six new accords

In contrast with the ongoing deterioration of relations between Bolivia and the United States, this week the landlocked Andean nation signed six pacts strengthening government and state-run business ties with China.

President Evo Morales presided over the signing ceremony one day after launching fresh verbal attacks on capitalism and US “imperialism” at the United Nations General Assembly in New York.

The accords, in the areas of finance, agriculture, electrical power and telecommunications, sealed a 24 hour visit to Santa Cruz by Chinese vice minister Hui Liangyu.

 

 

 

 

 

 

 

Evo Morales strengthens ties with China

 

Morales, who expelled the US ambassador and DEA agents three years ago, makes no secret of his admiration for the Asian giant with whom he recently also agreed to joint exploration of Bolivia’s enormous reserves of lithium.  He pointed out that China is financing and building a communications satellite for Bolivia and selling them six helicopters capable of functioning at high altitude.

Although Bolivia has traditionally exported its minerals to the US market, in the last decade trade with Japan, South Korea and China have played a much larger role.