Ecuador pursues trade-preference extension but faces critics in Congress

Swanson, Ian
June 2007
Hill;6/12/2007, Vol. 14 Issue 69, p22
The article reports on the pursuance of Ecuador to extend trade preferences set to run out at the end of June 2007. It is stated that the effort is intended to counter narcotics trafficking, but is facing criticism. Extension of preferences is in doubt due to the contrast of Senator Chuck Grassley, a member of the Senate Finance Committee. The country has been involved in a dispute with Occidental Petroleum Corp. which accused it of seizing its assets and canceling a contract with the company.


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