Bolivia offers its lithium reserves to India (Gulf News – July 1, 2018)

Ambassador says country willing to sign a Preferential Trade Agreement with India for select goods

New Delhi: Bolivia, known to have the largest reserves of lithium, has offered the metal — used in making batteries of electric vehicles, laptops and smart phones — to India.

The South American nation’s ambassador to India, Sergio Dario Arispe Barrientos, said the country has the largest deposit of Lithium and India could explore this opportunity.

Barrientos said his country is willing to sign a Preferential Trade Agreement (PTA) — a pact between countries that provides preferential access to certain products by lowering tariff and other conditions — with India for select goods.

Terming Prime Minister Narendra Modi as somebody respected in the international community for a host of measures being taken by him, the Bolivian ambassador said he expects him to explore Latin America more to create a win-win situation for both the countries.

“We have the largest lithium reserves. We would like India (both the government and the private sector) to explore this opportunity,” he told PTI on Sunday.

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