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Ecuador unilaterally scraps U.S. trade deal
Internacional


Ecuador unilaterally scraps U.S. trade deal
Source: Washington Post



BOGOTA, Colombia — The leftist government of Ecuador, under pressure from the Obama administration for considering a request for sanctuary from the American intelligence leaker Edward Snowden, announced Thursday that it will back out of a preferential trade pact with the United States that top Ecuadoran officials say is being used to blackmail their country.

The move, which President Rafael Correa’s government described as unilateral, came a day after the chairman of the Senate Foreign Relations Committee pledged to do all he could to block trade benefits for Ecuador should it grant Snowden political asylum.

“Our government will not reward countries for bad behavior,” Sen. Robert Menendez (D-N.J.) said in a statement Wednesday. “Trade preferences are a privilege granted to nations, not a right.”


Cont'd.

LINK:
http://www.washingtonpost.com/world/the_americas/ecuador-unilaterally-scraps-us-trade-deal/2013/06/27/d540a06a-df61-11e2-8cf3-35c1113cfcc5_story.html




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