Bolivian current gov is being known for its “hostile political gesture”

El Diario reports:

Concern about unfinished processes in Bolivia

Spain sees as “hostile political gesture”, the nationalization of their companies

Ambassador calls on the authorities, “conclude the process of nationalization in reasonable times and that they substantiate without cause political costs and without being extended indefinitely”.

2013-04-05 07.33.58 amThe Government of Spain has transmitted its concern regarding the Government policy of Bolivia, in what refers to the process of nationalization of strategic companies which were in the hands of the Spanish private equity, by stating that “when there is a nationalization, take it as a gesture of economic policy… and not as a hostile political gesture”.

Speaking to journalists from El Diario, the Ambassador of that country, Angel Vasquez Diaz de Tuesta, said his country’s Government makes clear its concern about the policies of nationalization that the Government [of Bolivia] has undertaken. “We ask that when nationalization, is made as a gesture of economic policy, but that does not lead to any hostile political gesture rigged or that it can be perceived as such,” said the Ambassador.

In this way, Angel Vasquez Díaz de Tuesta asked authorities “conclude the process of nationalization in reasonable times and that the same should be carried out without causing political costs and not extended indefinitely”.

The diplomat was clear in stating that his country “respects the sovereignty of Bolivia to adopt the nationalizations which it deems appropriate”, but at the same time “expected to proceed with compensation that corresponds according to the value of the nationalized companies”.

Vasquez Diaz de Tuesta upheld the decision of his Government to maintain and enhance the bilateral cooperative relations that have declared Bolivia as a “priority” country beneficiary. Spain supports Bolivia in critical development areas related to provision of water, education, governance and others, and also has productive investment through companies with Spanish capitals such as Repsol in the hydrocarbon sector.

The nationalization of several group companies Iberdrola (Electropaz, in La Paz, Elfeo of Oruro and two subsidiaries engaged in services), TDE (electricity conveyor), Sabsa of airport services and the BBVA, this last administrator of pensions, which were taken by the Government in full use of its powers and constitutional powers.

“We asked when occurs a nationalization is made as a gesture of economic policy, but that does not lead to any hostile political gesture rigged or that it can be perceived as such,” said the Ambassador.

Also, he requested that certainty enabling to increase investments in products be included in the draft investment law, keys to the economy such as oil, gas, mining and infrastructure sectors that require not only money, but technology and business organization that, in countries such as Spain and other nations of the international community, can provide to Bolivia.

http://www.eldiario.net/noticias/2013/2013_04/nt130404/principal.php?n=101&-espania-ve-como-gesto-politico-hostil-a-la-nacionalizacion-de-sus-emp

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s