U.S. warns Ecuador: Scrapping bilateral treaty would cost you American investors

[unhappycamper]

http://www.rawstory.com/rs/2013/11/11/u-s-warns-ecuador-scrapping-bilateral-treaty-would-cost-you-american-investors/



U.S. warns Ecuador: Scrapping bilateral treaty would cost you American investors
By Agence France-Presse
Monday, November 11, 2013 16:25 EST

Ecuador’s possible scrapping of a bilateral investment treaty with the United States could lead to loss of American investment in the country, Washington’s envoy warned Monday.

“If the bilateral investment treaty is canceled that would obviously have a negative effect because US companies would be afraid to invest,” Ambassador Adam Namm said in an interview published in the local economic weekly Lideres.

Namm comments referred to the government’s recent decision to carry out a review of its 26 international accords in response to concerns they undermine Ecuador’s economic sovereignty.

~snip~

The US ambassador underscored the “great value” of such accords for foreign companies, saying they allow for any disputes to be handled by international arbitration courts.



unhappycamper comment: Nice to see our State Department salesmen trying to make the sale. Not.

[demwing]

1. In other words: Stop trying to be independent

Or we migjt be forced to stop trying to buy up all your natural resources

[newfie11]

2. Correa tell em to go to hell

I am sick of this shit!!!