Bai Lichen, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference (left) meets Ecuador's President Rafael Correa (photo: dpa)

Ecuador’s shrewd oil deals disprove ‘Chinese colony’ claims

Far from being turned into a neo-colony, Ecuador has used oil deals with China to earn cheap credit, which has enabled it to re-enter international markets on favourable terms. Its sovereignty has not been compromised; Beijing’s loans look more like an attempt to buy goodwill from Quito than any form of economic imperialism. Ecuador has skilfully exploited what Beijing is offering. .

THERE has been a spate of news stories over the past year alleging that China has taken control of the Ecuadorean oil industry.

The articles often go beyond that, stating that Beijin...

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Dr. Noel Maurer
Are there any national security implications for the US? Probably not. Most Ecuadorean oil goes to refineries in California
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree