Ecuadorean President Alfredo Palacio sent troops to guard oil facilities seized from Occidental Petroleum Corp. as they are transferred to state control, officials said Tuesday.
Ecuador’s chief trade negotiator, Manuel Chiriboga, admitted that a huge "uncertainty" surrounds the future of the free trade negotiations with United States suspended since the end of March.
Pakistan’s Prime Minister Shaukat Aziz on Friday called for the establishment of an ECO free trade area and intra-regional oil and gas pipelines, saying an energy grid could create inter-linkages necessary for making the Economic Co-operation Organisation (ECO) more effective.
Energy resource-poor Japan is turning to a free-trade agreement, or FTA, with oil and gas-rich trading partners to secure stable supplies to fuel the world’s second largest economy.
Pakistani Prime Minister Shaukat Aziz said on Monday that free trade with India was not possible without resolving political disputes.
Venezuelan President Hugo Chavez is widely seen to be at the center of Latin America’s transformation by building a regional trade bloc through the creation of ALBA and Venezuela’s membership in Mercosur to oppose US dominance and its constant push for free trade agreements with Latin American governments. However, the true democratic debate has been silenced in this simplified two-sided fight between the projects of macho men.
The Ministry of Finance and Economy said that it would exert all-out efforts to shelter the Korean rice market from an influx of US agricultural imports after the enforcement of the proposed Korea-US Free Trade Agreement.
Japan and Indonesia wrapped up their fourth round of negotiations on a bilateral free trade agreement in Tokyo on Friday, with Japan proposing for the first time a draft clause in the FTA which calls for bilateral cooperation on mineral resources.
A US Embassy spokeswoman said Friday that a newly approved oil-tax law designed to cut into windfall profits of foreign oil producers, like US-based Occidental Petroleum Corp, violates a bilateral investment treaty.
Ecuador’s ambassador to Washington return to Quito for consultations on how to overcome an impasse with US free trade negotiators over an oil-tax bill designed to cut into foreign windfall crude profits.
The Ecuadorean government plans to send a formal request this week to the U.S. government to resume free trade talks between the two nations, the country’s top trade negotiator said Tuesday.
New legislation designed to increase the state’s share of windfall oil revenues by some $600m a year is set to derail Ecuador’s plans to negotiate a trade deal with the US, according to government officials.
The Ecuadorian government hopes to have the next round of FTA negotiations on May 8 in Washington — if it manages to pass an amendment bill to the Hydrocarbons Law. But the legislation is being staunchly opposed by private oil firms.
Japan and Saudi Arabia agreed Thursday to launch negotiations on concluding a free trade agreement between Japan and the Gulf Cooperation Council, which consists of six oil producers in the Middle East including Saudi Arabia, Japanese officials said.
The Ecuadorian government declared a state of emergency on Tuesday, March 21 after countrywide protests and roadblocks led by indigenous peasants intensified.
Ecuador’s state oil company Petroecuador has rejected US oil company Occidental’s offer to pay US$1bn to end a legal dispute between the two.
US Senators Patrick Leahy and Barack Obama have written to the US Trade Representative urging that he ignore Chevron’s campaign to exclude Ecuador from FTA negotiations until the Ecuadorian government shuts down a historic environmental lawsuit against the company.
University students are taking to the streets Wednesday to demand expiration of the contract with Oxy US oil company and spurn the Free Trade Agreement (FTA) with Washington.
The US hopes to see during this year the beginning of the process to sign a Free Trade Agreement (FTA) with Qatar, Ambassador Chase Untermeyer told a press conference on Thursday.
China wants closer ties with Saudi Arabia and other Arab states, and is working toward a free-trade agreement with countries in the region, according to Premier Wen Jiabao.