Bolivia–China relations

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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 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]

China provided support for the establishment of the Bolivian Space Agency and the launch of its first satellite in 2014 for a total cost of US $300 million. China and also provides loans, e.g. 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

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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
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External links