Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Quito, Ecuador - Ecuador Renounces Trade Benefits From US Congress

Published on: June 27, 2013 09:59 AM
By: AP
Change text size Text Size  
Bookmark and Share
A tinsmith works at his workshop in downtown Quito, Ecuador, Wednesday, June 26, 2013. With Edward Snowden stuck in Moscow and Washington pushing hard for his return, many Ecuadoreans began realizing that this small country's deep economic ties with the U.S. could make it the one with the most to lose in the high-stakes international showdown over the National Security Agency leaker, as nearly half of Ecuador's foreign trade depends on the U.S. (AP Photo/Dolores Ochoa)A tinsmith works at his workshop in downtown Quito, Ecuador, Wednesday, June 26, 2013. With Edward Snowden stuck in Moscow and Washington pushing hard for his return, many Ecuadoreans began realizing that this small country's deep economic ties with the U.S. could make it the one with the most to lose in the high-stakes international showdown over the National Security Agency leaker, as nearly half of Ecuador's foreign trade depends on the U.S. (AP Photo/Dolores Ochoa)

Quito, Ecuador - Ecuador’s communications minister says the country is renouncing trade preferences that are up for U.S. congressional renewal.

Advertisement:

It comes as Ecuador considers the asylum request of NSA leaker Edward Snowden, which has prompted critics in the U.S. to suggest retaliation against the South American country.

Minister Fernando Alvarado told a news conference Thursday the benefits were originally granted for help in the fight against drugs but have become “an instrument of blackmail.” He said “Ecuador unilaterally and irrevocably renounces said preferences.”

The program has given Ecuador millions of dollars in benefits, but it faced an uphill fight for renewal. Alvarado did not mention another effort to win trade benefits under a presidential order.

Alvarez said his country won’t bow “to mercantile interests, as important as they may be


More of today's headlines

Berlin - Germany's foreign intelligence agency can keep secret some of its records on Adolf Eichmann, the man known as the architect of the Nazi Holocaust, a court ruled... Beit Shemesh - The Yesh Atid and Bayit Yehudi parties have come together in Beit Shemesh to run Aliza Bloch, a unity candidate, against incumbent Shas Mayor Moshe...

 

Total5

Read Comments (5)  —  Post Yours »

1

 Jun 27, 2013 at 11:08 AM Aryeh Says:

Wow! This guy puts his money where his mouth is!!! Nicely done!

2

 Jun 27, 2013 at 11:20 AM Phineas Says:

Sounds good. U.S. will keep the money.

3

 Jun 27, 2013 at 07:50 PM Anonymous Says:

And if China does the same maybe we could get back the jobs into the US

4

 Jun 28, 2013 at 04:46 AM I_Am_Me Says:

Wow it seems like everywhere this guy Snowden wants to go they want him, looks like he has ALOT of protection!

5

 Jun 28, 2013 at 07:56 AM Aron1 Says:

"You can't fire me - I quit!"

6

Sign-in to post a comment

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!