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Ecuador


Ecuador: Icsid panel claims it has jurisdiction in OXY case
A panel from the World Bank’s International Center for Settlement of Investment Disputes, or Icsid, said late Tuesday that it has jurisdiction for the claim of the US-based oil company Occidental Petroleum Corp. (OXY) against Ecuador.
Chevron lobbies White House to pressure Ecuador to stop $12bin Amazon pollution lawsuit
Chevron is being accused of promoting geopolitical blackmail in its efforts to stave off a lawsuit accusing it of contaminating the Ecuadorian rain forest. Nearly 30,000 Amazon residents are seeking $12 billion from Chevron for dumping billions of gallons of toxic oil waste. According to Newsweek, the oil giant is urging the Bush administration to yank special trade preferences for Ecuador if the country’s government doesn’t force the Amazon residents to drop the case.
Ecuador, ALBA and the FARC
Recent remarks by Venezuela’s President Hugo Chavez on the civil war in Colombia and Ecuador’s decision not to join the Alternativa Bolivariana de las Americas (ALBA) solidarity based cooperation initiative shows progressive leaders are taking stock on Latin American integration.
Ecuador and investment treaties
The government of Ecuador recently announced plans to withdraw from at least nine bilateral investment treaties, a move that follows the country’s partial withdrawal last October from the International Centre for Settlement of Investment Disputes (ICSID) and comes amid growing discontent among some South American governments with the system for international investment protection. What’s wrong with the system?
Bush urges Congress to pass Colombia trade pact
President George W. Bush urged U.S. lawmakers on Tuesday to put aside differences over a free trade agreement with Colombia and approve the pact to show support for a strong U.S. ally at the center of a crisis in Latin America.
House approves trade pact extension
The US House of Representatives on Wednesday approved a 10-month extension of a trade program aimed at promoting imports from four Andean nations and thus discouraging the cultivation and production of illegal drugs.
Ecuador rules out FTA with US
Ecuadorean Foreign Minister Maria Isabel Salvador ruled out a Free Trade Agreement with the United States but defended a commercial deal with that country.
Correa warns on dangers of FTA with US
Ecuadorian President Rafael Correa said that the Free Trade Agreements (FTA) are tremendously danger and a problem for our countries.
Correa Warns on Dangers of FTA with US
Ecuadorian President Rafael Correa said that the Free Trade Agreements (FTA) are tremendously danger and a problem for our countries.
Ecuador exporters warn increased duties could derail FTA
Ecuador’s Federation of Exporters warned Friday that the country’s recent increases in import duties will negatively affect negotiations on a free trade agreement between Andean countries and the European Union.
Ecuador official slams free trade
Ecuador’s foreign minister said Monday it will insist on protecting national production if it resumes talks for a long-term trade agreement with the United States.
US House set to vote on extending Andean trade preferences
The House of Representatives is scheduled to vote today on a plan to extend trade preferences for Colombia, Peru, Ecuador and Bolivia for eight months.
Ecuador pursues trade-preference extension but faces critics in Congress
Ecuador is furiously lobbying members of Congress to extend trade preferences, set to run out at the end of the month, that are intended to counter narcotics trafficking.
Ecuador to mediate Andes for EU deal
Ecuadorian chancellor, Maria Fernanda Espinosa affirmed that her country will mediate differences within the Andean Community of Nations (CAN) prior to the upcoming summit.
Trade future isn’t rosy in Ecuador
Washington might decide this summer not to renew the trade benefits that allow Ecuador to sell roses and other items duty-free to the United States. As many as 250,000 jobs are at risk in Ecuador’s flower industry alone.
Ecuador maintains no to free trade with the US
The visit of US Deputy Secretary of State John Negroponte to Ecuador has reconfirmed the government of Rafael Correa’s rejection of negotiating a free trade agreement with Washington, reported Prensa Latina.
Ecuador not renewing pact with US
Ecuador’s new leftist president has decided not to renew a bilateral investment treaty with the United States, the country’s foreign minister said Monday, just days before a senior US official is due to visit.
Foreign investors gone wild
When Bolivian President Evo Morales took office in January 2006, he pledged to follow through on his campaign pledge to increase Bolivians’ share of revenues from their major source of foreign income, natural gas. International gas companies, however, threatened to sue. Previous Bolivian governments had signed a flurry of bilateral investment treaties that gave foreign investors the right to bypass domestic courts and file such lawsuits through international tribunals. Morales complained that these rules made him feel like a “prisoner” in the presidential palace.
Chavez, Morales, Correa bypass US in deals with Iran, China
Presidents including Ecuador’s Rafael Correa, Venezuela’s Hugo Chavez and Bolivia’s Evo Morales are bypassing the US in reaching trade accords and strengthening diplomatic and commercial ties with nations that compete with, or are hostile toward, US interests.
Correa brings hope to Ecuadorians
When Ecuadorians went to the polls on Nov. 26 they collectively said no to neoliberalism as they voted overwhelmingly for maverick candidate Rafael Correa over billionaire banana tycoon Alvaro Noboa.