Ecuador’s Public Prosecutor’s Office to file bribery charges in Sinohydro case after four-year investigation
The Ecuadorian Attorney General’s Office will finalize the investigation of the so-called INA Papers. After almost four years of investigation, the entity has renamed the process the Sinohydro case. The investigation focuses on a criminal structure that allegedly collected $76 million in bribes to the Chinese company Sinohydro, responsible for the construction of the Coca Codo Sinclair hydroelectric power plant during the government of Rafael Correa.
China, a giant that threatens Ecuador’s tuna supply
While Ecuador continues to be the European Union’s main supplier of tuna loins, China is fast closing in to take over the top spot. Despite the absence of any trade agreement, the European bloc is increasingly shifting its purchases to the Asian country. Ecuador’s share of the tuna market has fallen from 32% to 26%, while China’s grew rapidly from 9% to 24%, between 2015 and 2022.
After extensive negotiations, the FTA between Ecuador and the People’s Republic of China is almost concluded.
The president of Ecuador, Guillermo Lasso proclamed the trade agreement with China is concluded. He argueshat the country’s industrial sectors under consideration included a guarantee of employment in the manufacturing industry.
Chinese mining consortium enters into $480 million dispute against Ecuadorian government
In 2018, shortly after production began at the Rio Blanco mine owned by Ecuagoldmining, activists demanded the right to be consulted on continued operations. They subsequently obtained a court order to halt operations.