SUMMARY
Reviews transit transport cooperation in Latin America. In spite of many legal and transport instruments adopted under the auspices of MERCOSUR, ALADI and Andean community, the cost of international trade for the landlocked countries of Bolivia and Paraguay is still high due to a combination of factors, including the lack of effective implementation of the agreed legal and transport instruments and inadequate infrastructure. Although Bolivian railways has been turned over to foreign management, long-term prospects are in doubt because of limited levels of investments. Even though Bolivia and Paraguay have extensive navigable rivers, neither has been able to take advantages of them owing to lack of technology and resources. [English only]
