4 USLAC Notes

4 USLAC Notes - USLAC 10/29 Notes Financial Times is best...

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USLAC 10/29 Notes Financial Times is best read as is the Wall Street Journal Good book : Fair Growth Counternarcotics: o Used to be (10 yrs ago) focused on trafficking now more comprehensive Chile o Not major producer of narcotics o But it does play a role in the production and distribution chain o Do produce some of chemical agents needed to produce cocaine o Has porous border w/ Bolivia and peru o Chile is good transshipment point for drugs b/c considered less risky country o Bolivia ha o Provides good banking system for money laundering (don’t have too much probing) US supporting its judicial system to help o 15% use of marijuana o low fines for carrying small amounts for personal use drug use has stayed level o 1% of cocaine seizures happen in Chile so not a big deal internationally o horizontal cooperation agreement w/ Bolivia to fight drugs o all these numbers are approximate and from Chilean officials so may be biased Venezuela o Not producing but transit country o See themselves as victim b/c near Colombia en route to US o Lots of corruption related to drugs alleged by US govt o Have required that biz making more than a certain amount give 1% of profits to help fight drugs (many probs w/ program) o Receiving money from Russia o 4 th in world in total drug seizures o captured huge Colombian drug lord
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4 USLAC Notes - USLAC 10/29 Notes Financial Times is best...

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