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QUITO, Ecuador (AP) - Ecuador's new leftist president has decided not to renew a bilateral investment treaty with the United States, the country's foreign minister said Monday, just days before a senior U.S. official is due to visit.
Maria Fernanda Espinosa said President Rafael Correa, a U.S.-trained economist, will not renew the agreement that expires this week, but is "totally open" to discussing "an alternative that mutually guarantees the investments of each country."
The announcement came less than a week before U.S. Deputy Secretary of State John Negroponte is scheduled to visit the country .
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