Word: ecuador
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...classed among the "less developed" countries for the next five years, despite the fact that its people normally enjoy one of the highest standards of living in the LAFTA region. But such happy harmony was soon shattered when the three other "less developed" nations-Paraguay, Bolivia and Ecuador-demanded that their goods be allowed to move into the more industrialized countries duty-free, even before the first tariff cuts are scheduled to begin in about three years. Otherwise, they argued, their young industries will never be able to build enough muscle to be competitive within LAFTA. Although the stronger nations...
Gloom, Not Doom. "We are still thinking in terms of our individual nations and not of the common benefits," complained a Venezuelan official after the conference finally broke up. Chile's Foreign Minister Gabriel Valdés Subercaseaux decried the "exaggerated, abusive" use of the veto, and Ecuador's delegate to Asunción, Julio Prado Vallejo, said flatly that the conference demonstrated "the unacceptability of new compromises...
...free market stretching from the Rio Grande to Cape Horn. Indeed, one of the conference's achievements was the approval of a regional subgrouping within LAFTA that will soon open up a free-trade zone embracing 50 million people. The so-called "Andino group" of Colombia, Venezuela, Ecuador, Peru and Chile will begin planning its tariff cuts next month. As for LAFTA, its diplomats will resume talks in November. If nothing else, they discovered at Asunción just how much work there is to be done...
NICHOLAS FINTZELBERG Salinas, Ecuador...
...singles were eliminated. And by whom? By three Yanks - all of whom had been completely ignored by Wim- bledon's seeding committee, and two of whom were members of the U.S. Da vis Cup team that only a week before had lost ingloriously to tiny Ecuador in the American Zone finals. Illinois' black-browed Marty Riessen beat Denmark's No. 7-seeded Jan Leschly 1-6, 6-3, 3-6, 6-1, 6-4. Then, in an 89-game, 3 ½-hr, marathon that ranks among the longest in Wimbledon history, Texas' crew cut Cliff Richey...