Baku-APA. Ministers from several Latin American nations met on Monday in Ecuador to discuss ways to deal with the exploitative practices of some multinational companies operating in the region, APA reports quoting Xinhua.
The First Ministerial Meeting of Latin American Countries Affected by Multinational Interests was held in the southwest Ecuadorian city of Guayaquil, with the aim of working out a common action plan in this regard.
Addressing the meeting's opening ceremony, Ecuadorian Foreign Minister Ricardo Patino stressed the importance of establishing a regional mechanism for resolving disputes with multinational companies and protecting national interests.
A relevant agency should be established to serve South American countries for now, and later expand its service to Central American countries as well, he suggested.
Also attending the meeting were Venezuelan Foreign Minister Elias Jaua, Nicaraguan Finance Minister Alberto Guevara, Bolivian Deputy Trade Minister Pablo Guzman, Cuban Foreign Minister Bruno Rodriguez, and the Bolivarian Alliance of the Americas' Executive Secretary Rodolfo Sanz.