Bolivia, China, ITU sign understanding statement for satellite construction

15:10, 24 October 2009

LA PAZ. October 24. KAZINFORM The Bolivian government, China's Great Wall Industry Corporation and the International Telecommunication Union (ITU) signed an understanding statement on Friday to construct and set a satellite in orbit; Kazinform refers to Xinhua.

During the signing ceremony, Bolivian President Evo Morales said the understanding statement confirmed that Bolivia would have its own space satellite in three years. This would promote the country's economic, social and technological development.

"It is a priority project to contribute to Bolivia's development," Morales declared.

The understanding, previous to a definite agreement expected to be signed in March 2010, was reached after a three-day meeting among the representatives of the three sides. Follow-up meetings would be held in China in November.

The Bolivian delegation traveling to China would not only discuss issues related to the satellite, but also joint investment programs in various sectors; Kazinform cites Xinhua.

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