Bolivia announced the removal of tariffs on the import of wheat and oil machinery, amid the economic crisis

The Bolivian government announced two measures on Wednesday that will seek to reduce the effects of the economic crisis that the country has been experiencing for months and that have unleashed the discontent of the people, who take to the streets to protest and block roads in protest. The first of the changes was announced by the Minister of Economy, Marcelo Montenegro, and focuses on the production of biodiesel. The official reported that it was decided that “machinery and factories can be imported with zero tariffs,” with the objective of promoting the “new production” of soybean, cusi, totaí crops and other plants that contribute to the process of generating biofuel that is then sold as a final product to the state-owned Yacimientos Petrolíferos Fiscales Bolivianos. According to the head of the portfolio, it is expected that thanks to this incentive, in the next few months, the private sector will be able to install five or six factories, each costing around USD 30 million, ...