Weekly Report - 13 April 2023 (WR-23-15)

BOLIVIA | Arce discusses import substitution with business leaders. Bolivia’s President Luis Arce met with the board of the business lobby Confederación de Empresarios Privados de Bolivia (CEPB) on 10 April and announced that his government will work more closely with the private sector to boost import substitution. Arce tweeted that the government and the CEPB had “agreed to work together to continue driving the economy forwards” and said that “we explained our strategic plan for industrialisation with import substitutions”. That goal was enshrined in the government’s 2021-2025 national development plan, which proposes “creating new industries for strategic products aimed at substituting imports, allowing us to reduce our dependence on external production” and promotes “the transformation of raw materials and inputs to generate productive value chains”. 

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