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Bilateral opportunities between Colombia and Bolivia

2021-07-27 Bolivia - Martín López

We had coffee with Martin LópezWe will talk together about the bilateral opportunities between the two countries in the region. Colombia and BoliviaBoth countries are part of the Andean Community, so there are still unexplored opportunities.

Surprise yourself, as always with luxury guests who constantly contribute to the region's entrepreneurs to have a broader vision to conquer international markets.

Martin Lopez
Bolivia
27-Jul/21
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In this video, Angel interviews Martin, an expert in international trade, about trade opportunities between Colombia and Bolivia. Martín highlights the importance of diversifying exported products and establishing trusting relationships to boost bilateral trade. He also mentions the Export Potential Map tool, which allows to identify the export potential of different products between both countries.

00:01 - Opportunities and challenges of international trade in Bolivia

  • 03:40 - Bolivia is experiencing an economic reactivation after the pandemic.
  • 04:47 - There are macroeconomic and logistical obstacles for companies seeking to internationalize in Bolivia.
05:55 - Bilateral trade opportunities between Colombia and Bolivia

  • 05:57 - The business community in Latin America has been able to adapt and continue rowing despite the economic situation.
  • 06:02 - There has been a worldwide economic recovery, led by the major powers.
  • 07:05 - Bilateral trade between Colombia and Bolivia has declined in recent years, but there are opportunities for export diversification.
11:49 - Colombia's export potential to Bolivia and product diversification

  • 11:49 - The tool allows estimating a country's export potential to a specific market.
  • 12:02 - Colombia has the potential to export insecticides, rodenticides and herbicides to Bolivia.
  • 14:06 - Colombia could diversify its exports to Bolivia, offering products such as apples.
17:45 - The importance of statistical data sources in international trade

  • 17:49 - The main data sources are the United Nations trade flow statistics databases.
  • 18:22 - The MAP potential export tool is updated monthly with information from each country.
23:40 - Recommendations for establishing business between Colombian and Bolivian entrepreneurs

  • 23:42 - It is important to break down stereotypes and prejudices when establishing business connections.
  • 24:26 - It is recommended not to be limited to the main cities, but to explore opportunities in intermediate towns.
  • 28:00 - It is necessary to establish a relationship of trust through experience and compliance with agreements.
29:32 - Tips for international trade

  • 29:32 - Use a reliable bank for product shipment.
  • 29:50 - Consider the use of a letter of credit for greater security of payment.
  • 31:35 - Do not be embarrassed to contact the expert for consultation or assistance in international trade.

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