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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Anti-US Correa wins in Ecuador

QUITO 28 November – Rafael Correa, an ally of anti-US president of Venezuela Hugo Chavez, has won the presidency of Ecuador, defeating ship owner and banana tycoon Alvaro Noboa, by a clear margin. According to early results, voters gave Correa 57% to 43% for his rival. A final count is expected in the next 48 hours. The election of the 43-year-old economist is another blow to Washington's influence in the region, where the left is consolidating following the victory of Daniel Ortega in Nicaragua earlier this month. Ecuador is Latin America's 5th largest oil producer, and much of it exported to the US. It pulled out of OPEC in 1992, but Correa said he would consider rejoining the oil cartel. Correa opposes a free trade agreement with the US, which had been supported by the business sector, and pledged he would revise oil companies' contracts and taxes on foreign companies. He also said he would limit US military activities in the country. He warned that the Sucre, the country's original currency which was abandoned in 2000 for the US dollar, could be re-established.

 

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