Ecuador Unilaterally Waives U.S. Trade BenefitsSubmitted by goldenequity on Thu, 06/27/2013 - 17:29
We are not for sale.
Ecuador thumbed its nose at Washington on Thursday by renouncing U.S. trade benefits and offering to pay for human rights training in America in response to pressure over asylum for former intelligence contractor Edward Snowden.
"Ecuador will not accept pressures or threats from anyone, and it does not traffic in its values or allow them to be subjugated to mercantile interests," government spokesman Fernando Alvarado said at a news conference.
The South American nation offered $23 million per year to finance human rights training in the United States. The amount was the equivalent of what Ecuador gained each year from the trade benefits.
"Ecuador gives up, unilaterally and irrevocably, the said customs benefits," he said.
An influential U.S. senator on Wednesday said he would seek to end those benefits if Ecuador gave Snowden asylum.
The program was set to expire at the end of this month.
Ecuadorean officials said Washington was unfairly using the Andean Trade Promotion and Drug Eradication Act as a political weapon. The Act provides customs benefits in exchange for efforts to fight the drug trade.
►Yes. I willfully edited the below propaganda piece from Reuters. :)