News Analysis Ecuador’s plan for free trade agreements with the United States, European Union, Russia, and China demonstrate that democracies are not utilizing their own large economies to protect democratic values. On trade matters, Ecuador has in effect broadcast that it is not choosing sides in the developing new cold war between China and a U.S.-led coalition seeking to protect democracy and human rights globally. And apparently, that is no problem for the Biden administration, which has repeatedly stated that the United States is not asking other countries to choose sides. The European Union, the world’s other largest market by GDP, already has a trade deal with Ecuador and is even further from seeking to use its market power to encourage the closer integration of democracies, and thereby protect democratic values in Ecuador and the world. So Ecuador is shrugging its shoulders and seeking trade deals with China and Russia …
In Ecuador, America and Europe Neglect Their Economic Leverage Over China
October 8, 2021
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