The city of Buenos Aires was confirmed as the headquarters of the Executive Secretariat of the Intergovernmental Committee of the Paraguay-Paraná Waterway (CIH), after Bolivia signed the corresponding international agreements, the Argentine Foreign Ministry reported.
"With the signing of these two agreements, two very important instruments of integration and the importance of trade and life are ratified," stressed Bolivian diplomat Fernando Huanacuni.
About CIH
The Intergovernmental Committee of the Paraguay-Paraná Waterway (Port of Caceres, Brazil – Port of Nueva Palmira, Uruguay) (CIH) is the body of the Plata Basin Treaty responsible for coordinating, proposing, evaluating, defining and executing the actions identified by the Member States; to manage technical cooperation agreements for the development of an efficient river transport system, which allows trade and navigation in the aforementioned Basin.
For his part, the Executive Secretary of the Paraguay-Paraná Waterway Committee, Luis P. Niscovolos, expressed his satisfaction, since after several years the transport agreement was made effective.
"The Paraguay-Paraná Hydroway is the hub of connectivity, it will help with the linked economy, access to international trade and other benefits," said Niscovolos.
About transportation
On the same occasion, Bolivia also signed the indefinite extension of the River Transport Agreement of the Hydroway, granting continuity and legal predictability to the treaty, a key factor for attracting investments in the river sector and regional integration, for the benefit of the five countries that comprise it: Argentina, Brazil, Bolivia, Paraguay and Uruguay.
In this way, a 26-year process of institutional strengthening of the Hydroway system culminates, a true river highway that, throughout 3.500 kilometers of waterways, offers an alternative means of transport, highly efficient and extremely competitive, key to optimizing national and regional logistics, reducing freight costs, increasing the value of our exports and helping to preserve the environment.
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