Thursday, April 27, 2006

Cocaine Boom

Legal and illegal production of coca leaf is booming in Latin America.

Evo Morales announced that Cuba and Venezuela committed to buy coca leaves produced in the Bolivian regions of Chapare and Yungas. The commitment resulted from negotiations of a trade agreement among the three countries branded Tratado de Comercio de los Pueblos (TCP), to be signed on 29 April.

On the illegal front, the latest data released by White House's Office of National Drug Control Policy states that coca production in Colombia increased by 24% in 2005.

Coca leaves are the base ingredient for the production of cocaine. It’s just natural to expect that with such a production increase, access to raw material for the production of cocaine will be facilitated.

We are on the verge of a cocaine boom in consumer markets such as the U.S. and the E.U.


At 11:03 PM, Anonymous Anonymous said...

The "Plan Colombia" did not fail - what many news resources are not reporting is that new sources and land cultivating coca was added to the tally of total hectares that were not accounted for before. The lands that were already included in "Plan Colombia" saw a significant decrease in coca production.

Read this whole article to understand!


At 11:16 PM, Blogger Camilo Pino said...

Thank you Mike. Corrected acordingly. Good piece of info.


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