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Strategies & Market Trends : Ride the Tiger with CD

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To: Breccia who wrote (83745)5/25/2007 11:49:14 AM
From: Proud Deplorable  Read Replies (2) of 313119
 
"Ecuador: Reforming Foreign Investment Law
May 24, 2007 21 31 GMT

Ecuador will create a Constituent Assembly to reform the constitutional law regarding foreign investment in the country so the state will be able to assume 70 percent to 80 percent of the earnings from the oil and mining sectors, Government Minister Gustavo Larrea said May 24. Private companies holding majority stakes in oil or mining operations will then be left with 20 percent to 30 percent of the earnings. Despite this announcement, Larrea said Ecuador does not have any plans to nationalize the two sectors."

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