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International Trade Article

Doing Business in Bolivia

By Expert Author: Rebecca Marli
Word Count: 202 words | Views: 682 view(s)
The main metals and minerals include gold, zinc, tin, sulfur, lithium, semi-precious stones, silver, lead, copper, potassium, and borax. Almost forty percent of Bolivia`s exports come from the mining industry. Mining equipment required for open pit operations is in demand, and includes drills, pulverizers, compressors, bulldozers, gravimetric or flotation concentrators, crushers, conveyors, front-loaders, small jack-leg drills, pumps, flotation concentrators, explosives, and hand tools.

The textile sector is still developing in Bolivia. However, Bolivian products are already competitive in the international markets. Machineries for packaging, stamping, laundry, and transfer, synthetic fibers and threads, laboratory and packaging supplies, design software, and decorative accessories are in high demand.

Bolivian producers are looking to replace old equipment with new technologies for sawing and dying processes. U.S. equipment and machinery for sawing and dying is in demand.

For most goods, the import tariffs applied are up to ten percent. The tariffs for non-essential goods reach five percent, and the goods for industrial development are duty-free. On the other hand, luxury items such as tobacco products have an additional tax of fifty percent of it`s value. There are certain restrictions for the import of some types of old or worn apparel, clothing, shoes, and damaged textiles.

(c) 2008 Export-USA.com. All rights reserved.
Rebecca Marli

About the Author:

Export-USA.com, the U.S. exporters' gateway to the global markets, features a directory of American exporters and their products. With Export-USA.com, American exporters can get access to huge growth opportunities in the international markets.

Article Source: http://www.articlesphere.com/Article/Doing-Business-in-Bolivia/171198

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