Ecuador in default
Today Ecuador became the first Latin American economy to be in default, following the global financial crisis that started in September.
Friday, November 14, 2008
The Andean country's risk shot up more than 4,000 points. The government of Rafael Correa says that they have the funds but do not want to pay as yet, since they are investigating "illegalities" in the contract for the debt that expires tomorrow.
The aim of the Agreement is to exchange information between the two countries for the administration and enforcement of tax laws.
A committee composed of Economy and Foreign Relationships ministers will seek tax and trade agreements.
Negotiations for a FTA between Guatemala and Ecuador could begin in the first semester of 2009
The safety protocol that was signed is a step toward the lifting of restrictions on imports of flowers and plants coming from Ecuador.
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