South America is a challenging continent for import/export due to endemic operational and bureaucratic limitations. Bolivia is no different when it comes to the challenges faced by importers.
Corruption and bureaucracy are some of the main challenges faced by trade. The country’s legal system is complex and can be difficult to navigate.
Additionally, several compliance requirements should be considered when shipping into Bolivia. Notably, there are restrictions on shipment value to consider. Shipments into Bolivia that exceed a threshold will require further documentation and permissions.
Bolivia is a member of the World Trade Organization (WTO) and the Latin American Integration Association (ALADI). The trade agreements that Bolivia is part of have helped to promote cross-border trade and economic growth in the country.