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FOREIGN TRADE
The country in 2004 has experienced a merchandise trade surplus.
The level of exports has reached at US $1,824 millions with imports of US $ 1,692 Millions in the year 2004.
The major exportable items of the country are soybeans, zinc, gold, wood and natural gas.
The exports partners of the country are UK, US, Peru, Argentina and Columbia.
The importable items of the country are capital goods, chemicals, petroleum, food and raw materials and semi-manufactures. The imports partners of the country are US, Japan, Brazil, Argentina, Peru and Germany.
The following diagram gives a clear picture upon the exports and imports levels of the country over the years.
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The following diagram gives a clear picture upon the exports and imports levels of the country over the years.
CONCLUSION
The country was one of the founding members of the Andean Group, that is a South American organization aimed at rising trade among Bolivia, Colombia, Ecuador, Peru, and Venezuela.
The World Bank's Country Assistance Strategy (CAS) provides Bank's support for Bolivian development programs. The country from time to time is being more benefited from the International Finance Corporation.
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