Soybean is an important crop in Bolivia. According to the report, soybeans are Bolivia's largest agricultural export and it accounts for 45% of the total agricultural land production, majority of which are found in Santa Cruz. Producers have been demanding for the approval for the widespread use of biotechnology to increase their productivity and reduce production costs, allowing them to be at part with their competitors in the market. The Bolivian government gave its support to the producers by granting the approval to cultivate two new genetically engineered soybean events. Prior to this, the sole genetically engineered seed approved for cultivation in the country was the glyphosate-resistant soybean.
Read more in USDA FAS.