Bolivia and Brazil sign deal to expand cooperation on biofuels, biotechnology and fertilizer marketing

In Brazil, the ministers of the governments of Bolivia and Brazil signed a Memorandum of Understanding (MoU) with the purpose of expanding cooperation in biofuels, biotechnology and fertilizer trade.

According to the agreement, both governments also commit to contributing to the development of regulatory, technological and methodological policies in determining prices for the fertilizer and biofuels industry in Brazil and Bolivia. In addition, technical visits, internships, trainings, symposiums, seminars and other activities related to fertilizers and biofuels, including information exchange, will be carried out.

“The agreement reflects in the document the will of both parties to create new commercial milestones and increase regional competitiveness of raw materials and products between both countries. In a complementary manner, exchange between Brazilian and Bolivian businessmen will be promoted for the expansion and diversification of foreign trade,” the official statement reads.

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