La Paz, Sep 13 (Prensa Latina) Maritime enclosure clearly affects today the potential of Bolivia''s economic growth, said the president of the Central Bank of the South American country, Pablo Ramos.
Ramos cited studies that reflect the losses and affectations of Bolivia for being a landlocked country, which reach close to two percent of the Gross Domestic Product.
Regarding transportation costs, the Bank's head said that they are 31 percent higher than the continental average.
The International Court of Justice (ICJ) of The Hague informed Bolivia and Chile that it will communicate the decision of the Bolivian maritime suit on October 1.
In this regard, Ramos said that they wait for the result with a 'favorable expectation' because Bolivia has the legal, historical and human right to return to the Pacific Ocean.
The Bolivian approach is well formulated, nobody can deny the two countries the need and possibility of negotiating, and that is what we have suggested, the dialogue on the basis of good faith, he added, according to local media.
The oral hearings of the lawsuit filed in 2013 by Bolivia to negotiate with Chile the request for a sovereign exit to the sea took place in March of this year.
La Paz appeals to Article 31 of the American Treaty on Pacific Settlement (Pact of Bogota, in force since 1948) and cites a dozen written commitments assumed by senior Chilean representatives between 1920 and 2010 to negotiate that request.
Chile, in turn, after invading the then Bolivian port of Antofagasta in 1879 and occupying with its troops 120,000 square kilometers of territory on a 400-kilometer coastline, says, based on the 1904 Treaty, that there is nothing pending on the topic.
sgl/lrp/tgj/lbp/gdc
Regarding transportation costs, the Bank's head said that they are 31 percent higher than the continental average.
The International Court of Justice (ICJ) of The Hague informed Bolivia and Chile that it will communicate the decision of the Bolivian maritime suit on October 1.
In this regard, Ramos said that they wait for the result with a 'favorable expectation' because Bolivia has the legal, historical and human right to return to the Pacific Ocean.
The Bolivian approach is well formulated, nobody can deny the two countries the need and possibility of negotiating, and that is what we have suggested, the dialogue on the basis of good faith, he added, according to local media.
The oral hearings of the lawsuit filed in 2013 by Bolivia to negotiate with Chile the request for a sovereign exit to the sea took place in March of this year.
La Paz appeals to Article 31 of the American Treaty on Pacific Settlement (Pact of Bogota, in force since 1948) and cites a dozen written commitments assumed by senior Chilean representatives between 1920 and 2010 to negotiate that request.
Chile, in turn, after invading the then Bolivian port of Antofagasta in 1879 and occupying with its troops 120,000 square kilometers of territory on a 400-kilometer coastline, says, based on the 1904 Treaty, that there is nothing pending on the topic.
sgl/lrp/tgj/lbp/gdc
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