nigeriapulse.com

Breaking news and insights at nigeriapulse.com

Ecuador’s President Reveals Cartel Trade Worth US$30 Billion Annually

Ecuador’s President Daniel Noboa revealed that cartels and gangs move US$30 billion in illicit goods yearly, about 24% of the country’s GDP. This alarming figure highlights a significant security crisis as drug lords battle for smuggling routes. Noboa is also facing a challenging election amid rising violence and changing public sentiment regarding his security policies.

Ecuadorian President Daniel Noboa disclosed that drug cartels and gangs conduct trade worth US$30 billion annually, equating to approximately 24% of the nation’s GDP. This revelation marks a grim highlight of the escalating security crisis in Ecuador, once considered a peaceful country. Noboa, a 37-year-old with background ties to the banana industry, emphasized the scale of illicit trade during a state television interview, framing it as significant financial concern.

The annual trade figure mirrors the 2023 net profit of Amazon, highlighting the enormity of the drug trafficking problem, primarily fueled by conflicts among drug lords vying for control over smuggling routes through Ecuadorian ports. These routes facilitate the shipment of cocaine from Colombia and Peru to lucrative markets across Europe, Asia, and the United States.

Noboa’s electoral position is precarious as he prepares for an upcoming runoff election against leftist challenger Luisa González. While the initial round of voting ended in a near tie, Noboa faced considerable losses in coastal regions severely impacted by violence. His administration’s tough approach to security has been a focal point of voter scrutiny, particularly given the recent resurgence in crime rates.

In response to escalating violence, which included multiple murders in Guayaquil and targeted attacks on military personnel, Noboa enacted a state of emergency. This included deploying the army to quell gang activities in prisons and urban streets, successfully reducing the high murder rates seen the previous year. However, the recent spike in violence has led to public dissatisfaction and necessitated changes within his cabinet, including the replacement of his interior minister.

In summary, Ecuador is facing a profound crisis from drug cartels, with illicit trade amounting to US$30 billion annually, a significant percentage of its GDP. President Noboa’s hardline measures have had limited success, evidenced by his weakening electoral stance and recent spikes in violence, prompting questions about his effectiveness and leadership ahead of critical elections.

Original Source: www.batimes.com.ar

Elias Gonzalez

Elias Gonzalez is a seasoned journalist who has built a reputation over the past 13 years for his deep-dive investigations into corruption and governance. Armed with a Law degree, Elias produces impactful content that often leads to social change. His work has been featured in countless respected publications where his tenacity and ethical reporting have earned him numerous honors in the industry.

Leave a Reply

Your email address will not be published. Required fields are marked *