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US cuts Bolivian tariff exemptions

US cuts Bolivian tariff exemptions

The Obama administration has refused to renew key tariff exemptions for Bolivia, saying the world's No. 3 cocaine-producing country is not adequately prosecuting the war on drugs.
The U.S. Trade Representative's Office also said Tuesday it was extending Ecuador's exemptions for another six months.
Bolivia has said such a move by Washington could cost the poor Andean nation about 20,000 jobs.
The Andean Trade Preference Act has allowed the region's cocaine-producing and transit countries _ Peru and Colombia as well _ to export thousands of products to the United States duty-free since 1991.
The Bush administration suspended Bolivia's preferences in November after its president, Evo Morales, expelled the U.S. ambassador and drug agents.


Updated : 2021-04-19 00:59 GMT+08:00