With an economy dominated by the export of natural gas and minerals, Bolivia established an free zone program in an attempt to spur manufacturing growth and diversify its economy. In 2004, Locus Economica Founder and CEO Jean-Paul Gauthier evaluated Bolivia’s free zones framework on behalf of the World Bank’s Foreign Investment Advisory Service. By 2015, the country had 7 free zones, hosting 225 investors and approximately 30,000 workers, almost entirely in the 6 private zones. However, Bolivia’s government determined that its free zones were failing to promote industrialization, so it revoked their licenses in 2017. Now, the country has one public zone, ZofraCobija, aimed at facilitating trade along Bolivia’s Amazon border with Brazil.

our experience in bolivia