Bolivian trade officials have chosen Vietnam and China as the two markets to replace the US in the context that the biggest economy is going down.
In the coming months, Bolivia will hold joint meetings with Vietnam and China to discuss the possibility of signing bilateral trade agreements, Bolivian Deputy Foreign Minister Pablo Guzman said at a meeting of the Bolivia-Brazil trade commission in La Paz on November 3.
Once the agreements are struck, Bolivia would not only fill its export gap caused by the reduction in trade ties with the US, but also expand its exports, the official added.
Two-way trade between Bolivia and Vietnam stood at a modest level of US$2.3 million last year. Bolivian trade officials hope the figure would go up considerably in the near future.
