Ecuador will not forget China's "mistreatment": president

[RPK]

Ecuador will not forget China's "mistreatment": president - Yahoo! News

QUITO (AFP) – Ecuador will not forget the "mistreatment" by China in failed talks to finance a hydroelectric station, President Rafael Correa said Saturday, threatening to seek financing from Taiwan.

Correa said that he "unilaterally ended" talks on Wednesday with the Chinese bank Eximbank "due to the mistreatment and the rudeness" that the Ecuadoran negotiator endured.

"We will not forget this," Correa said in his weekly broadcast presentation.

Correa said that there were "many alternatives" to obtaining financing for the hydroelectric project, including from Taiwan.

"We have shown much solidarity towards China, supported the policy of one China, have supported China, but we will not forget how they treated us," said Correa.

Correa's leftist administration considered "unacceptable" China's conditions for a 1.7-billion-dollar loan to build the Coca Codo Sinclair hydroelectric plant.

Eximbank had demanded that Ecuador's Central Bank put its assets up as collateral for the loan. "Never before," said Correa, had anyone made such requests, which in any case are forbidden by law.

If the Chinese "are going to treat us like another transnational corporation, with more rigor than the International Monetary Fund ... we will seek financing elsewhere. We are not going to surrender our sovereignty, even to a country as beloved as China," he said.

The comments came after Ecuador and China signed 4.7 billion dollars' worth of cooperation agreements in November during a visit by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference.

 

[Sino-PakFriendship]

If you don't like, go to seek help from Taiwan.

Many more Central / South American small states like to play double-sided diplomacy to earn more interest.

 

[Justin Joseph]

Ecuador will not forget China's "mistreatment": president - Yahoo! News

QUITO (AFP) – Ecuador will not forget the "mistreatment" by China in failed talks to finance a hydroelectric station, President Rafael Correa said Saturday, threatening to seek financing from Taiwan.

Correa said that he "unilaterally ended" talks on Wednesday with the Chinese bank Eximbank "due to the mistreatment and the rudeness" that the Ecuadoran negotiator endured.

"We will not forget this," Correa said in his weekly broadcast presentation.

Correa said that there were "many alternatives" to obtaining financing for the hydroelectric project, including from Taiwan.

"We have shown much solidarity towards China, supported the policy of one China, have supported China, but we will not forget how they treated us," said Correa.

Correa's leftist administration considered "unacceptable" China's conditions for a 1.7-billion-dollar loan to build the Coca Codo Sinclair hydroelectric plant.

Eximbank had demanded that Ecuador's Central Bank put its assets up as collateral for the loan. "Never before," said Correa, had anyone made such requests, which in any case are forbidden by law.

If the Chinese "are going to treat us like another transnational corporation, with more rigor than the International Monetary Fund ... we will seek financing elsewhere. We are not going to surrender our sovereignty, even to a country as beloved as China," he said.

The comments came after Ecuador and China signed 4.7 billion dollars' worth of cooperation agreements in November during a visit by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference.

Good now another nation get its lesson and realised trure face of China.

 

[bigmoneymaker]

wow, equator failed to blackmail prchina....so it is going to recognize taiwan roc again by saying the threat like preparing to suck bloody hard-earned money from tiny taiwan????.....i guess it must have been overdemanding otherwise the hardworking chinese company diligently seeking for business will not walk away from opportunity like this to earn a living......it still doesnt know how to ascertain its position and play around the powers arena. so comment from the indian above is just idiotic to defame china-related issue.

 

[Justin Joseph]

wow, equator failed to blackmail prchina....so it is going to recognize taiwan roc again by saying the threat like preparing to suck bloody hard-earned money from tiny taiwan????.....i guess it must have been overdemanding otherwise the hardworking chinese company diligently seeking for business will not walk away from opportunity like this to earn a living......it still doesnt know how to ascertain its position and play around the powers arena. so comment from the indian above is just idiotic to defame china-related issue.

i don't wanna talk about chinese quality and hard work as u have mentioned.

u keep ur superior judgment with yourself only and don't drag us into this **** of china.

try to avoid commenting on Indians