The text adds that, in 2023, bilateral trade exceeded US$ 66 million which accounted for a 26% increase compared to the previous year.
There is a commitment to work to maintain this trend and thus contribute to prosperity of both peoples, the statement reads.
The recent official visit to Bolivia paid by the British Minister of Foreign Trade, Lord Offord de Garvel CVO, with the purpose of strengthening trade relations and exploring new opportunities for joint work in sustainable agriculture, energy transition, education and technology development for financial inclusion, points in this direction.
According to the letter, during the visit of this authority to Bolivia on April 10 and 11, Bolivian exporters were informed of the benefits of the trade scheme for developing countries.
This scheme sets out the elimination or significant reduction of tariffs for Bolivian products coming into the British market, in addition to simplifying procedures and other commercial requirements.
During his visit to Santa Cruz, the minister opened the operations of the British Chamber of Commerce in Bolivia, in collaboration with the Chamber of Industry and Commerce of Santa Cruz, an event that marks a milestone in this area between the two nations.
The diplomatic delegation highlights that Lord Offord witnessed the signing of a contract reached between Bolpegas S.R.L. (representative of the British company UK SOL) and the meat packing plant BFC S.A., which foresees provision of over 4,500 solar panels for constructing the largest private solar farm in Bolivia and includes the start of operations of the Scottish company specialized in animal genetics Dyneval in partnership with Agronegocios.
According to the source, important meetings to discuss future areas of cooperation were held with the Federation of Private Entrepreneurs of Santa Cruz, the Bolivian Fintech Chamber and Agropecuaria del Oriente.
Upon his arrival in La Paz, Offord was received by the Vice President of Bolivia, David Choquehuanca, and by the Minister of Foreign Affairs, Celinda Sosa, with whom he discussed aspects of the bilateral relationship, laying stress on sustainable development.
pll/mem/jpm
