Brazil, Bolivia sign fertilizer agreement

Brazil and Bolivia signed a cooperation agreement on 9 July to trade fertilizers and sodium chloride (NaCl).

The agreement came after Brazilian president Luiz Inacio da Silva visited Bolivia earlier this week. The deal was struck by Brazil's agriculture and livestock ministry and Bolivia's hydrocarbons and energy ministry.

The deal not only sets rules for fertilizer and NaCl sales between the countries but also intends to promote energy integration between the neighbors.

According to the deal, the parties will communicate with each other its own availability of urea, NPK, potash, slow-release urea and NaCl between each other according to needs; evaluate how to execute sale contracts; identify potential clients and possible destinations of fertilizers and NaCL; and cooperate on marketing strategies.

The agreement will run for five years and may be extended for the same period.

By João Petrini