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Weekly Report - 15 January 2015 (WR-15-02)

ANDEAN: Ecuador’s CAN-do attitude riles neighbours

Ecuador is struggling not only with lower oil prices but also with a strong US dollar, which damages its external competitiveness. The trade ministers of Ecuador and Colombia, Francisco Rivadeneira and Cecilia Álvarez-Correa respectively, met in Quito on 14 January in a bid to resolve a row over Ecuador’s unilateral imposition of new import safeguards on its Andean Community (CAN) trade partners.

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