Reuters AlertNet Full site
Homepage | Newsdesk | NGO Latest | Crisis briefings | Country profiles | MediaWatch | Jobs | Alerting | Login

NEWSDESK

Brazil cancels mission to Ecuador over company row
09 Oct 2008 17:52:20 GMT
 Source: Reuters
BRASILIA, Oct 9 (Reuters) - Brazil has suspended a planned trade mission to Ecuador after the Andean country rejected a dispute settlement offer by the Brazilian construction firm Odebrecht, the foreign ministry said on Thursday.

The mission, which was to have been headed by the transport minister next week, was to discuss issues related to Brazilian aid for infrastructure projects in Ecuador, a statement from the foreign ministry said.

The decision highlights the challenge Brazil has in pursuing one of its main foreign policy goals of promoting regional economic integration during a resurgence of economic nationalism in several neighboring countries.

Ecuadorean President Rafael Correa rejected on Wednesday an offer by Odebrecht to end the contract dispute, shattering hopes of an agreement following a recent meeting he had with Brazil's President Luiz Inacio Lula da Silva.

The leftist Correa expelled Odebrecht in September and seized the company's installations over a hydroelectric dam that his government says was badly built.

Odebrecht had offered to comply with the government's demands for reimbursement of damages in a last-ditch effort to keep $800 million worth of contracts with the government.

Lula is friendly with Correa but pursues more market-friendly economic policies and closer ties to the United States.

The leftist presidents of Venezuela, Bolivia and Ecuador, where Brazil has significant investments, have been heightening state control over the economy, nationalizing various industries. (Reporting by Raymond Colitt)


AlertNet news is provided by
Email this article       Send comments

NGO latest

•  Brazil rejects patent on an essential AIDS medicine
MSF International

MORE >>

Latest news

•  Brazil cancels mission to Ecuador over company row

•  UNHCR'S Global Needs Assessment pilot shows substantial gaps

•  UNHCR'S Global Needs Assessment pilot shows gaps

•  Reuters Summit-Focus sharpens on forests for climate fix

•  Chevron can't arbitrate Ecuador liability-US court

MORE >>

AlertNet news is provided by

Background information

Facts & figures
Brazil Ecuador

Related articles

Breaking stories
 Brazil cancels mission to Ecuador over company row (1 minute ago)

UNHCR'S Global Needs Assessment pilot shows substantial gaps (1 minute ago)

AlertNet insight
 Aid agencies plan CO2 offsets that also help poor (1 minute ago)

Aid agency news feed
 Brazil rejects patent on an essential AIDS medicine (1 minute ago)

Blogs
 Yes, people over 50 have sex too (1 minute ago)

Maps
 GLOBAL poverty distribution - infant mortality as poverty indicator (1 minute ago)


Del.icio.us Del.icio.us  |   Digg Digg  |   NewsVine NewsVine  |   Reddit Reddit   
Thumb for /thefacts/imagerepository/RTRPICT/2008-09-24T165531Z_01_BSB202_RTRIDSP_2_BRAZIL_mainimage.jpg|/thenews/pictures/BSB202.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-09-24T165307Z_01_BSB201D_RTRIDSP_2_BRAZIL_mainimage.jpg|/thenews/pictures/BSB201D.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-09-22T235604Z_01_QUI06_RTRIDSP_2_ECUADOR-PLANE_mainimage.jpg|/thenews/pictures/QUI06.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-09-22T184946Z_01_QUI02_RTRIDSP_2_ECUADOR-PLANE_mainimage.jpg|/thenews/pictures/QUI02.htm
Thumb for /thefacts/imagerepository/RTRPICT/2008-09-22T184812Z_01_QUI04_RTRIDSP_2_ECUADOR-PLANE_mainimage.jpg|/thenews/pictures/QUI04.htm

Brazilian Indians from the Pataxo tribe, pay tribute to Pataxo Indian Galdino who was burned alive in a bus stop 11 years ago, at the square of the Indian, in Brasilia ...


More pictures | Galleries
Disclaimers |  Copyright |  Privacy |  Contact Us |  Feedback |  About Us |  RSS XML

Last updated:Thu Oct 9 17:54:00 2008