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Latest Andean Community of Nations Stories

2006-05-04 04:54:15

By Helen Popper LA PAZ, Bolivia (Reuters) - Oil companies in Bolivia reassessed their investment plans on Wednesday as regional leaders prepared for an emergency summit to discuss President Evo Morales' nationalization of the energy industry. In the poor city of El Alto, indigenous healers offered up coca leaves in traditional ceremonies to cheer Morales for seizing control of oil and gas fields from foreign companies, signaling the strong domestic support for his decision. But the...

2006-05-03 17:06:19

By Helen Popper LA PAZ, Bolivia (Reuters) - Oil companies in Bolivia reassessed their investment plans on Wednesday as regional leaders readied for an emergency summit to discuss President Evo Morales' nationalization of the energy sector. In the poor city of El Alto, indigenous healers offered up coca leaves to Mother Earth in traditional ceremonies to cheer Morales for seizing control of oil and gas fields from foreign companies. The celebrations signaled strong domestic support...

2006-05-03 00:30:00

By Helen Popper LA PAZ, Bolivia -- Bolivia's leftist government said on Tuesday it would forge ahead with its sweeping energy nationalization despite international concern over the move by President Evo Morales. Former coca farmer Morales was making good on election promises to reassert state control over Bolivia's natural resources, which he says have been exploited by foreign companies with little benefit to the country's poor majority. But the extent of the decree to wrest control of...

2006-05-01 21:08:13

By Carlos Alberto Quiroga LA PAZ, Bolivia (Reuters) - President Evo Morales ordered the military to occupy Bolivia's natural gas fields on Monday after nationalizing the industry and threatening to expel foreign companies that do not recognize state control. Bolivia has the second-largest natural gas reserves in South America after Venezuela, and disputes over how the impoverished country should manage those riches have sparked several popular revolts since 2003. Morales became...

2006-05-01 17:55:23

By Carlos Alberto Quiroga LA PAZ, Bolivia (Reuters) - Bolivian President Evo Morales ordered the military to occupy the country's natural gas fields on Monday after nationalizing the energy sector and threatening to expel foreign companies if they do not sign new contracts within six months. Impoverished Bolivia has the second-largest natural gas reserves in South America after Venezuela, and the question of how the country should manage these riches has been at the heart of several...

2006-04-30 12:50:41

LA PAZ, Bolivia (Reuters) - Bolivian President Evo Morales invited nationalist Peruvian candidate Ollanta Humala on Sunday to visit Bolivia, after Peru withdrew its ambassador to Caracas over Venezuela's comments backing Humala in its presidential election. Peru will hold a runoff vote in late May or early June, almost certainly between Humala, a former army commander who has pledged to redistribute Peru's wealth, and former President Alan Garcia. Venezuelan President Hugo Chavez, a...

2006-04-22 17:02:53

CARACAS, Venezuela (Reuters) - Venezuela's withdrawal from the Andean Community trade bloc, announced by President Hugo Chavez this week, will not hurt the world's No. 5 oil exporter, Foreign Minister Ali Rodriguez said on Saturday. Chavez, who has attacked members of the bloc for signing trade pacts with the United States said on Wednesday that Venezuela was withdrawing from the group. Andean Community members Colombia and Peru have signed free-trade agreements with the United...

2006-04-07 18:45:32

WASHINGTON (Reuters) - The Bush administration should include a provision in a proposed free-trade pact with Peru that the South American country meet international labor standards, a group of congressional Democrats said on Friday. The Bush administration gave Congress 90-day notice in early January it intended to sign a bilateral free-trade deal with Peru. Thursday was the earliest the pact could be signed, but no date has been announced. "Time is running short to develop solutions...

2006-04-03 18:38:15

WASHINGTON (Reuters) - The United States is pressing Peru to remove technical barriers to U.S. agricultural products concerning food safety before the two countries sign a bilateral free trade deal, a senior U.S. lawmaker said on Monday. House Ways and Means Committee Chairman Bill Thomas, a California Republican, said he hoped the issue could be resolved in time for the pact to be signed this week. The Bush administration gave Congress 90-day notice in early January that it...

2006-03-28 08:15:00

By Robin Emmott AYACUCHO, Peru (Reuters) - Business has rarely been slower at Marlene Quispe's underwear shop in the central Andes as the only thing that the rows of socks and bras seem to attract nowadays is dust from the street outside. As Peru's economy is set to record its fifth consecutive year of strong growth in 2006 -- a feat almost unheard of in the country's cyclical boom and bust history -- ordinary Peruvians say they are seeing little or no benefit, making the economy a central...


Word of the Day
snash
  • To talk saucily.
  • Insolent, opprobrious language; impertinent abuse.
This word is Scots in origin and probably imitative.