Saturday, November 01, 2008

Bush Admin to Suspend Bolivia Trade Benefits

The Bush administration is preparing to suspend longtime trade benefits to Bolivia. The move was announced last month, but the White House has had to wait until the end of a legally required public comment period that ends today. The administration says Bolivian President Evo Morales has failed to cooperate in the so-called war on drugs. The US has been accused of hypocrisy following UN figures that show cocaine production in Bolivia rising five percent last year compared to a 27 percent jump in Colombia. Colombia is the largest recipient of US aid in the Western hemisphere. On Thursday, Morales spoke at a meeting of Latin American leaders on the economic crisis.

Bolivian President Evo Morales: “It’s not about saving capitalism. Capitalism will never resolve the problems of humanity. Capitalism not only generates a financial crisis, capitalism brings on energetic crisis, capitalism brings ecological crisis.”

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