Ecuagoldmining’s estimated $20 million investment so far could turn into a $469 million award, should it emerge victorious in an arbitration proceeding.
The plenary session of the Assembly will process the agreement between Ecuador and the European Free Trade Association, after having the Constitutional Court approved it.
Chinese mining consortium Ecuagoldmining has initiated a dispute with Ecuador’s government over a gold mining project that has been halted by objections from community activists.
The United States and Ecuador are close to concluding a free trade agreement. US President is scheduled to meet with Ecuadorian counterpart at the White House on Wednesday (12 February).
This meeting will continue other rounds of negotiations in the first week of October in Quito, and the first week of November on Mexican soil, with the aim of reaching an agreement in 2021.
Thousands of demonstrators across all five continents have joined the International Anti-Chevron day to peacefully protest and display global crimes committed by the transnational company against human rights and the environment.
The United Kingdom has signed the UK-Andean countries trade agreement.
Ecuador and the Netherlands have signed a joint declaration to promote a new bilateral investment agreement that will replace the one that is currently in force and that expires in 2021.
The first round of India-Ecuador Free Trade Agreement (FTA) which will reduce and/or eliminate customs duties on certain items traded between the two is scheduled to take place soon.
A long mooted free trade deal between China and Ecuador is being held up by worries in Quito about cheap Chinese imports impacting certain sectors of the economy.
The Global Campaign to Reclaim Peoples´ Sovereignty, Dismantle Corporate Power and End Impunity regrets the ruling of the Supreme Court of Canada regarding the case of Chevron in the Ecuadorian Amazon.
The parties expressed their interest in exploring the possibility of initiating negotiations of a bilateral investment agreement.
The infamous story of the environmental pollution of the Ecuadorian Amazon by Chevron-Texaco – which has come to be known as the "Ecuadorian Chernobyl" - is entering a new phase.
In February of 2011 the Ecuadorian Courts delivered an historic verdict, sentencing the Big Oil Corporation Chevron to pay US$9,500 million dollars for its contamination of the Ecuadorian Amazon (1964-1992). However, Chevron hit back via the Investor-State Dispute Settlement system and sued Ecuador.
Ecuador has “prioritised” efforts to sign bilateral investment treaty and trade agreement with Qatar.
Pablo Fajardo, the lead lawyer for the communities who have been fighting for 25 years for compensation for the severe pollution in the amazon region, and Donald Moncayo, one of the coordinators of the organization that has led this campaign talk about the Chevron case.
The task no longer lies with interpreting investment treaties alone and trying to reform investment arbitration in general – but designing an entirely cohesive system for international environmental justice that is open to the actual victims of environmental disasters and not just the States that often fail to genuinely represent them.
Victims of Chevron-Texaco’s pollution of the Ecuadorean Amazon have vowed to fight to protect the ruling which has granted them compensation.
Ecuadorian Foreign Trade and Investments Minister Pablo Campana expressed his intention to have an economic partnership agreement with Japan
Ecuador will be forced to pay economic reparations to the oil giant. The over 30,000 affected people in the Amazon haven’t received any compensation.