Ecuador

report 2012

Large scale mining: unsustainable development on and on

In Ecuador’s new constitution, which came into force in October 2008, the State’s most important duty is to respect and enforce the population’s human rights on the collective as well as the individual level. Besides this, the constitution also recognizes the rights of nature itself, or Pachamama. However, in spite of this most encouraging gesture, nothing has changed and the country is still wedded to an economic model based on mining and oil extraction.

BCI & GEI 2011
news
WTO headquarters in Geneva.
(Photo: WTO)

A statement signed by 112 major civil society organizations, which represent hundreds of millions of people in more than 160 countries, supports an Ecuador’s proposal for a special World Trade Organization (WTO) session to review the current scholarship and opinion at the international level on the compatibility of its rules with robust financial regulations. The initiative will be discussed at the WTO’s Committee on Trade in Financial Services on Oct. 1.