Bolivia and Libya Establish Diplomatic Relations
August 14, 2008, 8:34 am
Filed under: Latin America, Politics | Tags: , , ,

La Razon reports that Bolivia and Libya have agreed to establish diplomatic relations. The agreement, signed in the Bolivian capital of La Paz by Bolivian Foreign Minister David Choquehuanca and his Libyan counterpart, Foreign Minister Mohamed Matri, strengthens the position of Bolivian President Evo Morales and his fledgling MAS government, which faces a political impasse as several Departments (states) seek regional autonomy.

A close relationship between the two states would dramatically help the impoverished Andean nation, which has large natural gas reserves and is attempting to draw foreign investment not specifically from multinational-corporations but from oil and gas exporting countries.

‘We have formalized diplomatic relations and this will allow Bolivia to exploit the technological development that this country has achieved in the field, for example, hydrocarbons’ said Choquehuanca.

‘Knowing that Bolivia has huge natural resources, we can exploit them very well and we can also establish a partnership to work together in a proper exploitation’ added Matri.

In the past 12 months, Bolivian leaders have reached out to the international community and have scored some notable alliances with fellow non-aligned member states. Most notably, Bolivia has formed a close relationship with Iran, a point of contention witin the opposition and the United States, which sees Iranian encroachment in its sphere of influence as a threat.

Earlier this week, Iranian President Mahmoud Ahmadinejad sent a special enjoy to Bolivia to congratulate Morales on his victory in the national referendum. Venezuela and Iran have also agreed to loan Bolivia 225 million dollars to create a state owned cement company. One of Morale’s fiercest opponents currently controls cement production in the country through a myriad of private firms and the planned state owned company is seen as a way to take some leverage away from the oppostition.

Iran’s PressTV adds:

“Bolivian deputy minister for small and medium business, Eduardo Peinado, said Saturday that the deal was inked between Bolivian leader Evo Morales, Venezuelan envoy Julio Montes Prado and an Iranian business official Hojjatollah Soltani.

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[…] Bolivia and Libya Establish Diplomatic RelationsLa Razon reports that Bolivia and Libya have agreed to establish diplomatic relations. The agreement, signed in the Bolivian capital of La Paz by Bolivian Foreign Minister David Choquehuanca and his Libyan counterpart, Foreign Minister … […]

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