On 8 July 2003, Latvia established diplomatic relations with Bolivia. Latvia maintains diplomatic co-operation with Bolivia mostly within international organisations. Bolivia has not yet appointed its diplomatic representative to Latvia; neither has Latvia appointed a representative to Bolivia.

Economic co-operation

Trade (according to data from the Central Statistical Bureau of Latvia)

January - December 2006

• Exports

1. Lithuania - 788,418,743 USD or 14.11 % of total exports from Latvia

2. Estonia - 677,475,768 USD or 12.12 %

3. Germany - 562,635,155 USD or 10.07 %

4. Russia - 523,368,676 USD or 9.37 %

5. United Kingdom - 443,333,400 USD or 7.93 %

...

144. Bolivia - 21,101,USD or 0.00%

• Imports

1. Germany - 1,609,581,384 USD or 15.02 % of total imports to Latvia

2. Lithuania - 1,373,000,060 USD or 12.81 %

3. Russia - 891,580,050 USD or 8.32  %

4. Estonia - 810,199,559 USD or 7.56 %

5. Poland - 751,076,957 USD or 7.01 %

...

102. Bolivia - 62,841 USD or 0.00%

In 2006 Latvia had a negative trade balance with Bolivia in the amount of - USD 41,740.

Main Latvian exports to Bolivia in 2006, by type of commodity

Type of commodity	USD	Percentage of total exports
Total	21,101	100%
Food industry products - spirits - 100%	13,179	62,46 %
Machinery and equipment, electric appliances - parts and accessories for office equipment - 100%	7,922	37,54 %

Main Latvian imports from Bolivia in 2006, by type of commodity

Type of commodity	USD	Percentage of total imports
Total	62,841	100%
Plant products - coconuts, Brazil nuts, cashew nuts - 100%	62,043	98,73%

Trade dynamics between Latvia and Bolivia, 2005-2006, USD

Year	Exports	Imports
2005	11,642	53,419
2006	62,841	21,101

Investments

As of 6 August 2007, Bolivia had made no investment in the equity of Latvian companies; there were no Bolivian - Latvian joint ventures listed with the Register of Enterprises of the Republic of Latvia.

Visits

8 - 9 July 2003

Delegation of the Latvian Foreign Affairs Ministry headed by Peteris Vaivars, Under-Secretary of State, met in La Paz with the Bolivian Foreign Minister Carlos Saavedra Bruno

EU-Bolivia relations

Bolivia is one of the five member countries of the Andean Community (the other four are Ecuador, Peru, Columbia and Venezuela) which co-operate with the EU both in the regional aspect - in economy, culture, social issues, environment, health, integration and other issues, as well as in the international aspect - foreign policy, trade, science and research, education and experience exchange.

In 1992, the first official agreement was signed between the Andean Community and the EU. To intensify co-operation between the two blocs of countries, a Agreement on Political Dialogue and Co-operation between the EU and the Andean Community was signed on 15 December 2003 in Rome. This agreement provides for a more active and dynamic dialogue between the EU and the Andean Community on the issues of peace and security, social and political stability, democratic governance, immigration and trade co-operation.