Friendship Office of the Americas

The Friendship Office of the Americas is a social justice organization that fosters solidarity between the peoples of Nicaragua, Honduras and the United States and pursues polices of peace and friendship.

US loses interest in FTA with Ecuador

            The chances for a short term conclusion to trade negotiations between the U.S. and Ecuador were handed a major setback last week, when the national government decided to revoke its operating contract with Occidental Petroleum and seize $1 Billion of its assets.  This action was taken after the energy ministry ruled that the company had acted improperly when it transferred 40% interest in its oil fields to EnCana, a Canadian oil company.