by Nick Dearden / Global Justice Now Ecuador is the latest country to tear up ‘free trade’ agreements that have so far cost the country $21 billion in damages awarded to foreign companies by ‘corporate courts’, and yielded next to nothing in return, writes Nick Dearden. So the outgoing President Correa did the only sensible thing: in one of his final executive acts this month, he scrapped 16 toxic trade and investment treaties.
These treaties not only failed to attract additional investment, they also diverted millions of dollars of government money to fighting costly lawsuits. We hope other governments will learn from Ecuador’s example.
Ecuador has struck another blow against the power of big business, ripping up 16 trade deals with countries including the US and UK…. Continue reading “Ecuador rips up 16 toxic treaties.. Corporate Vulture-Courts stole $21 billion”





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