EENI Global Business School & University
Business in Bolivia, La Paz

Syllabus of the Subject: Foreign Trade and Business in Bolivia. Bolivian Economy. La Paz (Course, Master).

  1. Introduction to the Plurinational State of Bolivia
  2. Bolivian Economy
  3. Doing Business in La Paz
  4. International Trade of Bolivia
  5. Foreign Direct Investment (FDI) in Bolivia
  6. Case Study: Business Opportunities in Bolivia
    1. Petrol
    2. Gas
    3. Manufacturing
    4. Telecommunications
    5. Agriculture
    6. Services
  7. Case Study:
    1. Bolivian integration corridors
    2. ENTEL Telecommunications
  8. Access to the Bolivian Market
  9. Business Plan for Bolivia

Bolivian Market Access and Free Trade Agreements (FTA)

  1. Bolivia and the Latin American Economic Area
  2. Andean Community
  3. Andean Community Agreements: MERCOSUR, Mexico, European Union, Chile, Panama, India, China, Russia
  4. Bolivia-MERCOSUR (Associate). Protocol of accession to the MERCOSUR
  5. Latin American Integration Association (ALADI)
  6. Latin American and Caribbean Economic System (SELA)
  7. Union of South American Nations (UNASUR)
  8. The Republic of Bolivia retired from the Bolivarian Alliance for the Peoples of Our America (ALBA) in 2019

The aims of the Subject “Foreign Trade and Business in Bolivia” are the following:

  1. To analyse the Bolivian economy and foreign trade
  2. To know the business opportunities in Bolivia
  3. To explore the Bolivian trade relations with the country of the student
  4. To know the Bolivian Free Trade Agreements
  5. To examine the profile of the Bolivian Companies
  6. To develop a business plan for the Bolivian Market

EENI Global Business School & University, Masters

The Subject “Doing Business in Boliviabelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Masters: Business in America, International Business, Foreign Trade
  2. Doctorates: American Business, World Trade
  3. Course: Business in the Andean Markets

Learning materials in Master in International Business in English (or Study Master Doctorate Business in Spanish Bolivia Masters Foreign Trade in Portuguese Bolivia Study, Master in International Business in French Bolivie)

Online Student (Master International Business)

  1. Credits of the Subject “Foreign Trade and Business in Bolivia”: 1 ECTS Credits
  2. Duration: one week

Example of the Subject - Doing Business in Bolivia:
Master Course: Business in Bolivia, La Paz





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Description of the Subject: Doing Business in Bolivia

Plurinational State of Bolivia (America).

  1. Bolivia has nine departments (Beni, Cochabamba, Chuquisaca, La Paz, Oruro, Pando, Potosi, Tarija, and Santa Cruz) and 112 provinces
  2. Borders of Bolivia: Brazil, Argentina, Peru, Paraguay, and Chile
  3. Bolivian population: 10 million people
  4. Bolivian Area: 1,098,581 square kilometres
  5. Official languages of Bolivia: Spanish, Quechua, Aymara, Guarani, and thirty-three local languages
  6. According to the Bolivian Government: “Bolivia is a Social Unitary State of Plurinational Communitarian Law decentralised and autonomous.”
  7. Abolition of Slavery in Bolivia: 1826
  8. African Diaspora in Bolivia: 0.5% of the Bolivian population
  9. Independence of Bolivia: 1825 (from Spain), recognised in 1847.

Religion in Bolivia: Christianity (9.5 million).

  1. Catholicism (7 million)
  2. Protestants

Bolivia belongs to the Latin American Economic Area of the Western Civilisation.

Bolivian Economy (Master, Course)

Bolivian Economy.

  1. According to the Central Bank of Bolivia, the balance of payments showed a surplus of 325 million dollars
  2. Bolivian GDP: 34,175 million dollars
  3. In 2009, the Bolivian Government signed a debt cancellation with the Government of Spain
  4. The Plurinational State of Bolivia has significant natural resources: mining and gas
  5. Through the Bioceanic Logistics Corridor, the Plurinational State of Bolivia has positioned itself as a regional distribution hub between the largest markets of the Pacific and the South Atlantic region of South America
  6. Nationalisations have taken place since 2006 in the hydrocarbons, mining, and telecommunications sectors; business opportunities in these areas for the foreign direct investment have become more limited
  7. Foreign direct investment (FDI) flows received in Bolivia were 687 million dollars, mainly in the hydrocarbons sector
  8. Currency: Bolivian (BOB)
  9. Entel holds a Leadership position in both fixed and mobile telephony, as in the various telecommunications value-added services

International Trade of Bolivia:

  1. Total Bolivian exports products reached 4.848 million dollars FOB (28% of the Bolivian gross domestic product)
  2. Export flows were characterised by low levels (average of USD 1.919 million)
  3. Total petrol exports were lower
  4. Regarding the non-traditional exports, their value was higher by 1.4%
  5. Non-traditional export products that showed increases in value were: soybean meal (52%), sugar (41%), soybean oil (31%), soya beans (23%), flour soy (20%), and coffee (5%)
  6. Capital products imports stand for 28% of the total
  7. The balance of payments of Bolivia recorded an extra of 325 million dollars (Central Bank of Bolivia)

Central Interoceanic Hub America (Master)

Foreign Trade flows of Bolivia with the rest of the World (data in dollars).

  1. Trade with the MERCOSUR fell to 708 million, mainly owing to lower natural gas exports to Brazil
  2. With the Andean Community, there was an increase of positive balance of 158 million due primarily to the higher exports to the Republic of Colombia and Ecuador
  3. With the Central American Common Market - Central American Integration System (SICA), ran an international trade deficit of 0.2 million to an extra of 2.7 million
  4. With the North American Free Trade Agreement (NAFTA), the deficit augmented to 131 million due both to the decline in exports as the largest imports
  5. With the European Union (EU), there was an increase of 90 million (3.2 billion in 2008) by augmented exports, highlighting the positive foreign trade balance with Belgium, the Netherlands, and the United Kingdom
  6. With the European Free Trade Association (EFTA) augmented extra owing to augmented to 6 million dollars extra with Switzerland
  7. In Asia, the positive balance of 130 million mainly explained by the favourable balance with South Korea

Global Economic Organisations

  1. Forum for East Asia-Latin America Cooperation
  2. Inter-American Development Bank (IADB)
  3. Economic Commission for Latin America and the Caribbean (ECLAC)
  4. Organisation of American States (OAS)
  5. Community of Latin American and Caribbean States (CELAC)
  6. United Nations (UN)
  7. World Bank (WB)
  8. World Trade Organisation (WTO)
  9. International Monetary Fund (IMF)

Samples - Business in Bolivia

Mexico-Andean Community Free Trade Agreement (Course)

Andean Community (Course Master)

Colombia, Peru-European Union Free Trade Agreement (Course Master)

Andean Community-Chile Free Trade Agreement (Course)

Bolivarian Alliance for the Peoples of Our America (ALBA, Master)

Andean Community-MERCOSUR Free Trade Agreement (Course)



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