Bolivia cuts import tariffs by five points to cushion a weaker currency
Bolivia's government will cut import tariffs by five percentage points across the entire tariff schedule from July 6. The measure, set by Supreme Decree 5646 and running through the end of 2027, aims to soften the impact of a weaker currency on consumers. The government says the goal is to shield households from rising prices.
Bolivia's government has announced it will cut import tariffs by five percentage points across the entire tariff schedule starting July 6. The move was set by Supreme Decree 5646, published in the official gazette, and will remain in force through the end of 2027.
The government said the main aim of the measure is to soften the impact of a weakening local currency on consumers. By lowering duties, officials hope to ease the price of imported goods and help protect household purchasing power.
Bolivia has been grappling with a shortage of foreign currency and a depreciating exchange rate in recent months. While the tariff cut is intended to reduce price pressure in the short term, its effect on government revenue and the fact that it expires at the end of 2027 remain points of debate.
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