The Uruguayan government officially delivered this week the formal ratification of the UNASUR (Union of South American Nations) founding charter thus turning the political project into juridical reality.
President Sebastian Piñera described Antarctica as the continent of the future and confirmed Chile’s commitment to the values of peace and environment conservation represented by the southern pole mass.
Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.
The Ecuadorean government is the latest in Latin American to recognize Palestine as a sovereign state. The Foreign Ministry said in a statement that President Rafael Correa officially recognized Palestine on Friday as free and independent, with its borders since 1967 before the Israeli occupation.
For the first time ever South American countries will jointly share and disclose data on their military expenditures, according to the Ecuadorian Ministry of Defence. It is anticipated that next March all member countries from Unasur (Union of South American Nations) will make public the information following on this year’s approval of a common methodology to measure Defence expenditure.
The presidents of Colombia and Ecuador announced Friday they will resume full diplomatic relations after more than two years of estrangement.
Brazil’s Petrobras is abandoning Ecuador after not having reached an agreement on the new oil contracts with the government while Spanish-Argentine Repsol-YPF will remain, announced Minister of Non renewable natural resources Wilson Pastor.
At least 46 Ecuador's national police members were arrested for their possible involvement in last week's revolt that the administration of President Rafael Correa called a 'coup attempt' which included the 'assassination' of the Head of State, the office of the public prosecutor informed.
Ecuador's government extended a state of emergency and soldiers replaced the police as the force that guards Congress after a deadly revolt by some officers last week over a new law cutting their bonuses.
The Union of South American Nations, UNASUR is holding an emergency summit in Buenos Aires to discuss the situation in Ecuador and express full support for President Rafael Correa, who was virtually kidnapped for hours by protesting members of the police force until freed by Army troops.