In a move, widely expected after Eva Morales became the President of Bolivia, the country has announced that the foreign gas companies operating in Bolivia must re-negotiate their deals with the country within 6 months or else will be thrown out of the country, and the country will take over all the production facilities.
Only last week, Venezuela, Cuba and Bolivia have worked out a deal for economic cooperation as against US backed free-trade zone. They have called it People's Trade Agreement!
A left wing driven South America is looking to come on its own, and it is not all that bad. India must look towards engaging these countries for a fruitful economic cooperation.
Only last week, Venezuela, Cuba and Bolivia have worked out a deal for economic cooperation as against US backed free-trade zone. They have called it People's Trade Agreement!
A left wing driven South America is looking to come on its own, and it is not all that bad. India must look towards engaging these countries for a fruitful economic cooperation.
There's an interesting article in today's Hindu related to this post.
ReplyDeletehttp://www.thehindu.com/2005/01/13/stories/2005011303611000.htm
Saumya
OOps! I think I posted a wrong link. Here's the correct one.
ReplyDeletehttp://www.hindu.com/2006/05/17/stories/2006051707821100.htm
Saumya