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Bolivian coca derivatives attract interest from foreign companies

La Paz, Apr 1 (Prensa Latina) Bolivian coca leaf derivatives are attracting the interest of public corporations from Australia, Canada and India, the Minister of Productive Development and Plural Economy (MDPyEP), Néstor Huanca, said today.

“Three international companies have made contact with Kokabol, such as Canada, India and Australia (…). We have had contacts, they are interested, for example, in how to import from Bolivia or Bolivia can export extracts and processed products based on coca leaf,” he said.

During an interview granted to the state channel Bolivia Tv, Huanca said that such foreign markets want to buy from the state-owned company Kokabol by-products elaborated from this year, mainly for their “unique” nutritional and therapeutic properties.

He added that Australia’s pharmaceutical industry intends to buy Kokabol’s production in order to study it in this country. To this end, the MDPyEP is working on an agreement to “guarantee the return of foreign currency to the national territory”. One of the conditions for this research by Australian professionals and scientists will be the participation of Bolivian researchers in the laboratories of the Kokabol company itself, Huanca said.