Recent Canada / Ecuador talks(basic translation)
Canada expressed interest in expanding investments in Ecuador.
Thursday, August 19, 2010 18:23
Presidency of the Republic
Quito (Pichincha).- The Vice President, Lenín Moreno, in functions of the Presidency of the Republic, and Peter Kent, minister of Foreign Affairs of Canada, they talked regarding the current state of the projects and bilateral relations, as well as the investments of interest to Canada in Ecuador in the mining sector.
Vice President Lenín Moreno expressed that the Law of mining Industry permits to the Ecuador to have important incomes regarding the concessions in this sector, that now include an environment of legal security, with clear rules for investors and for the State.
"Ecuador is a country that is completely open to the investment, the rules have changed for the better, because before there were concessions but there were no way for the mining industry to be exploited: there was no support from government, neither of a law", mentioned.
It indicated that to the moment the Canadian investors in the country can give faith that can be imported and to export with ease, as well as to receive the tourists with security. "This moment we consider that there is legal security so that the Canadian brothers can invest in the Ecuador", needed.
The minister Kent, in turn, recognized that Canada sees in Ecuador a great mining potential, with a new environment of legal security, for which seeks to undertake in extractive operations with a high environmental and social responsibility. "Canada is pleased by the security, we think that a great potential exists so that our relations can grow", he said.
The initiative Yasuní-ITT with which the government aspires to obtain resources for 3,600 million dollars of the international community, in exchange for maintaining unexploited the reserves of crude oil of this megadiverse zone of the Amazonía, was also exposed by the Vice President in the meeting.
With this project, declared, itself to would stop emitting to the atmosphere some 400 million tons of CO2 to the environment.
This initiative, expressed Kent, awake a great interest in its country, for which will maintain conversations to know it more closely and to determine how to provide it.
The Vice President and the Minister of Foreign Affairs of Canada, besides, they reviewed the progress in the airport of Quito, and the Canadian support to install the "Circus of the Sun", jointly with mayors of the country.
/Vice-presidency.
https://www.elciudadano.gov.ec/index.php?option=com_content&view=article&id=15874:canada-expresa-interes-por-ampliar-inversiones-en-ecuador-&catid=3:economia&Itemid=44
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Minister of State Kent to Promote Relations with Panama and Ecuador
(No. 259 - August 16, 2010 - 2:10 p.m. ET) The Honourable Peter Kent, Minister of State of Foreign Affairs (Americas), today announced that he will visit Panama and Ecuador from August 17 to 21, 2010.
“This trip provides a valuable opportunity to reinforce Canada’s engagement with two increasingly important partners in the Americas,” said Minister of State Kent. “By strengthening relationships and working with key countries, such as Panama and Ecuador, Canada continues to advance democratic governance, prosperity and security throughout the hemisphere.”
While in Panama and Ecuador, Minister of State Kent will meet with government, civil society and business leaders. The key objectives of the trip include strengthening cooperation on shared security challenges, promoting greater trade and investment, and supporting democratic governance in the region.
https://www.international.gc.ca/media/aff/news-communiques/2010/259.aspx?lang=eng