The German Government will review the validity of its forest protection agreement with Ecuador after President Rafael Correa decided to end the initiative of not exploiting the oil from the Yasuni reserve in exchange for international aid.
The spokesman of the German Ministry of Cooperation Sebastian Lesch told Efe on Monday that the German government will have to study the Ecuadorian decision, announced last Thursday, and its effects on the bilateral agreement by which Berlin joined, under certain conditions, the Yasuni-ITT project.
In the practice, the agreement could be completely annulled, changed or partially applied in the area that will not be exploited to obtain oil, explained the spokesman. The final decision on the German aid to Ecuador will take months and will be agreed at the technical level.
