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Ecuador

Ecuador to mediate Andes for EU deal
9-Jun-2007
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
20-May-2007 Sun Sentinel
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
12-May-2007
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
8-May-2007 AP
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
3-May-2007 FPIF
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
30-Jan-2007 Bloomberg
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
24-Jan-2007 Toward Freedom
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.
US will re-negotiate free trade deals
17-Jan-2007 NewsMax.com Wires
The Bush administration said Wednesday it will renegotiate the language covering labor rights in free trade agreements it has reached with Peru, Colombia and Panama, in order to get the deals approved by the new Democratic Congress. The three countries have already been notified.
Ecuador not interested in FTA while Peru expects a ratification soon
17-Jan-2007 FreshPlaza
Correa’s government officially announced that Ecuador is not interested at the moment to negotiate a free trade agreement (FTA) with the US.
Ecuador to US: No FTA, no troops here
22-Dec-2006 Prensa Latina
Ecuador will refrain from signing a free trade agreement with the United States and will not renew the agreement for use of Manta Air Base by the US military, confirmed President-Elect Rafael Correa Thursday.
Free trade vs. economic pain in Ecuador
13-Dec-2006 CSM
The country is split over a possible permanent trade deal with the US.
Ecuador rejects US free trade pact
11-Dec-2006 BusinessWeek
Ecuador’s President-elect Rafael Correa said Sunday that he will not sign a free trade agreement with the United States. "We don’t have a national currency, we have the dollar," he told Radioprogramas. "If as a result of the agreement, Peru and Colombia have a problem in the external sector, they reduce the currency’s value and correct the imbalance. Ecuador can’t do that and the consequences could be incalculable."
Ecuador’s president-elect rules out signing trade pact with US
11-Dec-2006 IHT
Ecuador’s President-elect Rafael Correa said Sunday that he will not sign a free trade agreement with the United States but will seek extended trade preferences under an anti-drug agreement.
Ecuador: Canada seeks to start free-trade talks by year-end
30-Oct-2006 NASDAQ
Canada has proposed starting official talks with Ecuador on a bilateral free-trade agreement before the end of 2006, the Andean nation’s Foreign Ministry said Friday in a press statement.
Dole Fresh Flowers’ cuts hit small Ecuadorean town hard
19-Oct-2006 Miami Herald
In many ways, the flower industry in Ecuador put this small town on the map. Now, just as quickly, it may be erasing it.
Occidental drops a claim but may strengthen suit vs government
10-Oct-2006 Easy Bourse
US-based Occidental Petroleum Corporation (OXY) has dropped a compensation claim against Ecuador’s state oil company Petroecuador in a move that analysts said may strengthen the oil firm’s case against the government.
Ecuador Prez: No Oxy arbitration
11-Sep-2006
Ecuadorian President Alfredo Palacio has rejected arbitration against his nation for annulling in May the contract with US Oxy oil company that operated there.
Court denies Occidental bid for assets - Ecuador
24-Aug-2006
An international arbitration court has rejected a request by Occidental Petroleum Corp. to stop Ecuador from seizing its assets in the Andean country, a government official said on Tuesday.
Canada: The Occidental Tourist - Expropriation Claim Tests BIT Efficacy
31-Jul-2006
The outcome of Occidental Petroleum’s latest dispute with Ecuador will be an important test of the effectiveness of BITs in protecting overseas investor rights in volatile political climates.
Andean Community: Grasping at unity straws
14-Jun-2006
The foreign ministers of the Andean Community of Nations (CAN) forged ahead in attempts to quiet fears of an imminent collapse of the bloc following Venezuela’s withdrawal, despite member-country political differences that were all too evident at the regional summit.