Ecuador




Ecuador begins to roar - Fander Falconi: LINK ¤ the GUARDIAN

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  • "Ecuador is now being described as Latin America's "jaguar""

 

 

 

 

 

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  • "that's because not only have we broken with the orthodoxies of the "Washington consensus""

 

 

 

 

 

 

 

 

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  • "but we are developing innovative economic alternatives of our own !"

 

 

 

 

 

 

 

 

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  • "born in the southern hemisphere"

 

 

 

 

 

 

 

 

 

 

 

 

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  • "Ecuador's transformation began in 2007, after the electoral victory of President Rafael Correa"

 

 

 

 

 

 

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  • "by rejecting the "neoliberal" recipes of privatisation, structural adjustment and curtailed demand"

 

 

 

 

 

 

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  • "we have grown by 4.3% over the last five years ! - despite the global slowdown"

 

 

 

 

 

 

 

 

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  • "central to this growth, and to the reduction of unemployment to the lowest rate in the region"

 

 

 

 

 

 

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  • "has been public investment, which at 14% is the highest in Latin America !"

 

 

 

 

 

 

 

 

 

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  • "this is a key part of moving our economy away from reliance on commodity exports and mineral extraction"

 

 

 

 

 

 

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  • "to one based on knowledge !"

 

 

 

 

 

 

 

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  • "we have also reformed and re-regulated the banking system !"

 

 

 

 

 

 

 

 

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  • "expanded the role of co-operatives, and credit unions !"

 

 

 

 

 

 

 

 

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  • "and renegotiated lopsided agreements with multinational companies !!"

 

 

 

 

 

 

 

 

 

 

 

 

 

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  • "our alternative model for society is based on the concept of "good living""

 

 

 

 

 

 

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  • ""buen vivir" in Spanish - or "sumak kausay" as it is in Quechua, our indigenous Andean language"

 

 

 

 

 

 

 

 

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  • "rooted in the ancient societies of the Andes, this is not a return to the past but looks to the future"

 

 

 

 

 

 

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  • "it rejects the false dichotomy between state and market"

 

 

 

 

 

 

 

 

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  • "in favour of a more complex interrelation of society with state, market, and Nature !!!"

 

 

 

 

 

 

 

 

 

 

 


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  • "incomes were redistributed - and poverty rapidly reduced"

 

 

 

 

 

 

 

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  • "according to the UN, Ecuador cut inequality, as measured by the Gini coefficient"

 

 

 

 

 

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  • "by more than any other Latin American country, between 2007 and 2011"

 

 

 

 

 

 

 

 

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  • "a significant achievement in a region with the greatest concentration of social inequality in the world"

 

 

 

 

 

 

 

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  • "to do this, we have prioritised our population's rights over our commitments to the International Monetary Fund and the World Bank"

 

 

 

 

 

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  • "which forced Ecuador to repay its debt on unjust terms"

 

 

 

 

 

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  • "meaning neglecting health, education, social infrastructure, and public investment"

 

 

 

 

 

 

 

 

 

 

 

 

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  • "in 2006, Ecuador's external debt service accounted for 24% of the state budget"

 

 

 

 

 

 

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  • "now it is only 4% ! - freeing up resources to transform lives !"

 

 

 

 

 

 

 

 

 

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  • "in line with our values of sustainable development"

 

 

 

 

 

 

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  • "Ecuador is the first country in the world, whose constitution recognises the rights of Nature !!!"

 

 

 

 

 

 

 

 

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  • "we are working to deepen regional integration to boost development"

 

 

 

 

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  • "aiming for a collective basis to meet economic and environmental challenges"

 

 

 

 

 

 

 

 

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  • "we are convinced that "free trade" agreements would damage our country"

 

 

 

 

 

 

 

 

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  • "Ecuador shows how to increase social equality !"

 

 

 

 

 

 

 

 

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  • "by putting the human being above capital !!!"

 

 

 

 

 

 

 

 

 

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  • "in innovative financial models"

 

 

 

 

 

 

 

 

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  • "and in new conceptions of "good living" ! - based on social and environmental sustainability !!!"

 

 

 

 

 

 

 

 

 

 

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  • "Ecuador is at the heart of this transformation !"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Instruments to temper Poverty - the Guardian: LINK ¤ the GUARDIAN

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  • "1.23 million people in the South American country of 14 million"

 

 

 

 

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  • "receive benefit from the US$ 35 monthly cash payment"

 

 

 

 

 

 

 

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  • "the voucher is part of a broad package of social spending"

 

 

 

 

 

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  • "it is a free insurance policy !"

 

 

 

 

 

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  • "whose coverage will be expanded to include 100% of poor seniors, or 700,000 people in total"

 

 

 

 

 

 

 

 

 

 

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  • "the voucher achieves its goal of family assistance principally by making it easier to buy food"

 

 

 

 

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  • "this translates into improved health and education"

 

 

 

 

 

 

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  • "because one of the preconditions for receiving the cash payment is"

 

 

 

 

 

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  • "to provide proof of school attendance and medical check-ups !"

 

 

 

 

 

 

 

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  • "the Government will be encouraged by news that income-related poverty rates dropped dramatically"

 

 

 

 

 

 

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  • "450,000 people crossed the US$ 2.4 a day last year !!"

 

 

 

 

 

 

 

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  • "poverty had fallen to 28.6% from 33% !!!"

 

 

 

 

 

 

 

 

 

 

 

 

 


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Ecuadorian Press - the Guardian: LINK ¤ the GUARDIAN

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  • "Rafael Correa defended his approach towards free speech: "it was necessary""

 

 

 

 

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  • "to rein in private newspaper, radio, and TV owners, who had enjoyed too much power for too long"

 

 

 

 

 

 

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  • "and comparing his campaign to the investigations into "Murdoch's" newspapers in the UK:"

 

 

 

 

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  • "we won't tolerate abuses and crimes made every day - in the name of freedom of speech"

 

 

 

 

 

 

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  • "the administration is carrying out an overdue rebalancing of the media"

 

 

 

 

 

 

 

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  • "which was previously skewed too heavily towards private ownership - by a handful of families !"

 

 

 

 

 

 

 

 

 

 

 

 

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  • "when Correa came to power in 2007, there was only one public media organisation: "Radio Nacional""

 

 

 

 

 

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  • "those who work in public media say, this has created a far healthier media environment"

 

 

 

 

 

 

 

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  • "because advertisers have less influence !"

 

 

 

 

 

 

 

 

 

 

 

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  • "Correa is the longest-serving President in a century !"

 

 

 

 

 

 

 

 

 

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  • "US embassy cables, described him as the most popular President the country had ever had !"

 

 

 

 

 

 

 

 

 

 

 

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  • "without exception, everyone interviewed for this story said"

 

 

 

 

 

 

 

 

 

 

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  • "Correa had been good for Ecuador !!!!!"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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-
Capital: Quito - [ GoE = Government of Ecuador
]


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Ecuador's Debt Renegotiation - US cable - 2007: LINK ¤ 07QUITO169

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  • "Economy Minister Patino said in a meeting with bondholders"

 

 

 

 

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  • "that most of Ecuador's external debt is illegitimate"

 

 

 

 

 

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  • "resulting from loan programs that did not achieve intended results !"

 

 

 

 

 

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  • "and floated the idea of a 60 percent debt discount"

 

 

 

 

 

 

 

 

 

 

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Ecuador rebuffs international Companies - US cable - 2010: LINK ¤ 10QUITO53

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  • "Ecuador is more interested in leveling society !"

 

 

 

 

 

 

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  • "protecting what they have !"

 

 

 

 

 

 

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  • "and allowing foreign companies into Ecuador on their terms !"

 

 

 

 

 

 

 

 

 

 

 

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Price Controls to stop Food Inflation - US cable - 2008: LINK ¤ 08QUITO897

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  • "the Ecuadorian Government continues to intervene in the market"

 

 

 

 

 

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  • "to limit food price inflation !"

 

 

 

 

 

 

 

 

 

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Price Controls on Milk - US cable - 2008: LINK ¤ 08QUITO36

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  • "the Ecuadorian Government instituted mandatory price controls for the first time"

 

 

 

 

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  • "to control the price of milk"

 

 

 

 

 

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  • "blaming speculation for price increases !"

 

 

 

 

 

 

 

 

 

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Tax Reform - US cable - 2008: LINK ¤ 08QUITO55

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  • "taxes on capital outflows, unproductive lands !"

 

 

 

 

 

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  • "extraordinary income, and higher excise taxes on a number of products"

 

 

 

 

 

 

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  • "the tax on capital outflows - at 0.5% per transaction !"

 

 

 

 

 

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  • "and a tax on "unproductive land" !"

 

 

 

 

 

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  • "the tax approved by the assembly of US$ 7.85 per hectare is actually higher than the initial administration proposal"

 

 

 

 

 

 

 

 

 

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Correa meeting with USAID - US cable - 2008: LINK ¤ 08QUITO442

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  • "USAID's [ us aid agency ] two hour meeting with President Rafael Correa:"

 

 

 

 

 

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  • "Correa asked pointed questions"

 

 

 

 

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  • "clearly understood the approach and its economic, organizational, and political implications"

 

 

 

 

 

 

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  • "the meeting offered an inside view into Correa's very hands-on, and engaged style of management"

 

 

 

 

 

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  • "and an example of how all policy decisions run through him personally"

 

 

 

 

 

 

 

 

 

 

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Oil Contract Renegotiations - US cable - 2008: LINK ¤ 08QUITO220

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  • "the Ministry of Petroleum and Mines reported, that it will soon close a deal"

 

 

 

 

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  • "on eight of fourteen petroleum contracts - with four oil companies"

 

 

 

 

 

 

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  • "that hold production sharing agreements: Perenco (France), Repsol YPF (Spain)"

 

 

 

 

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  • "Andes Petroleum (China) and Petrobras (Brazil)"

 

 

 

 

 

 

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  • "the Ecuadorian Government does not accept the World Bank's international centre for settlement of investment disputes"

 

 

 

 

 

 

 

 

 

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Repsol's revised Contract - US cable - 2008: LINK ¤ 08MADRID895

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  • "Repsol, Spain's largest crude oil company, has decided"

 

 

 

 

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  • "to accept the revised contract terms offered by Ecuador's President Correa to foreign petroleum companies"

 

 

 

 

 

 

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  • "the new contract will change Repsol's role from production for its own sale"

 

 

 

 

 

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  • "to that of a service provider, delivering to the Ecuadorian Government on a fee basis all of the petroleum it extracts"

 

 

 

 

 

 

 

 

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  • "Repsol will be able to keep a greater share of its extraordinary profits"

 

 

 

 

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  • "on petroleum sales until the new contract comes into effect"

 

 

 

 

 

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  • "Repsol's production in Ecuador totaled 6.6 million barrels of crude per year - 4 percent of it's production worldwide"

 

 

 

 

 

 

 

 

 

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Unemployment Rate falls - US cable - 2008: LINK ¤ 08QUITO588

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  • "the Central Bank reported an unemployment rate of 6.9% !"

 

 

 

 

 

 

 

 

 

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Yasuni Conservation - US cable - 2009: LINK ¤ 09QUITO204

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  • "the Ecuadorian Foreign Ministry presented a proposal to forego development of oil fields"

 

 

 

 

 

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  • "in the environmentally sensitive "Yasuni Park""

 

 

 

 

 

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  • "in exchange for international compensation"

 

 

 

 

 

 

 

 

 

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Human Rights Report - US cable - 2007: LINK ¤ 07QUITO559

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  • "the Ecuadorian Government publicly criticized our ( US ) recently-released human rights report"

 

 

 

 

 

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  • "challenging our competency to judge human rights !"

 

 

 

 

 

 

 

 

 

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Banana Exports to the EU - US cable - 2005: LINK ¤ 05QUITO263

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  • "the EU has proposed charging 230 Euro per ton for bananas, imported from Latin America"

 

 

 

 

 

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  • "besides generating revenues, the tariff is intended to protect fruit production in EU members' former colonies"

 

 

 

 

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  • "in Africa, the Caribbean and Southeast Asia"

 

 

 

 

 

 

 

 

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EU Banana Deal - US cable - 2008: LINK ¤ 08QUITO768

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  • "Ecuador and other Latin American banana producers"

 

 

 

 

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  • "had reached an agreement with the European Union which would have reduced EU tariffs on Latin bananas"

 

 

 

 

 

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  • "however, the EU withdrew the offer, after WTO negotiations reached an impasse"

 

 

 

 

 

 

 

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US Trade - US cable - 2005: LINK ¤ 05QUITO2852

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  • "the US government is seeking through FTA negotiations [ "free trade" agreement ]"

 

 

 

 

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  • "to eliminate Ecuador's barriers to trade in agricultural products"

 

 

 

 

 

 

 

 

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new Minister of Trade - US cable - 2005: LINK ¤ 05QUITO943

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  • "Ecuador cannot allow subsidized US products"

 

 

 

 

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  • "to compete with Ecuadorian products without tariff"

 

 

 

 

 

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  • "Ecuador may wish to delay negotiations, or put them on hold"

 

 

 

 

 

 

 

 

 

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Ecuador's Indigenous quiet but confident - US cable - 2004: LINK ¤ 04QUITO2334

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  • "indigenous leaders are against the "Gutierrez" government's "liberal economic orthodoxy""

 

 

 

 

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  • "and against a FTA with the US [ "free trade" agreement ]"

 

 

 

 

 

 

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  • "while "Gutierrez" has proven skillful at sowing division"

 

 

 

 

 

 

 

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  • "the indigenous are regrouping - and retain the potential for civil disturbance, if provoked"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ECUADOR
- Wikipedia EN:
LINK ¤ ECUADOR

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  • "Ecuador, officially the Republic of Ecuador, is a representative democratic republic in South America"

 

 

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  • "it is bordered by Colombia, Peru, and the Pacific Ocean to the west"

 

 

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  • "it also includes the Galápagos Islands in the Pacific, about 1,000 kilometres ( 620 mi ) west of the mainland"

 

 

 

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  • Population: 15.2 million

 

 

 

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ECUADOR
- Wikipedia ES: LINK ¤ ECUADOR
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ecuador - 14333EC
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