State Department Terminates BIT with Ecuador

The U.S. Department of State recently announced the termination of a bilateral investment treaty (BIT) between the U.S. and Ecuador. This announcement was a follow-up to Ecuador’s notice given on May 18, 2017, that it was terminating its BIT with the U.S., with the effective date to take place one year later. The termination of this BIT directly affects E-2 treaty visas for natives of Ecuador. Meanwhile, all existing immigrants with E-2 treaty visas will remain classified as such until May 18, 2028. These termination procedures and dates are unique to each treaty. E-2 treaty visas allow individuals from certain countries with whom the U.S. has a treaty of commerce and navigation to come to the U.S. to develop and direct the operations of a U.S. business enterprise in which they have invested a substantial amount of capital. Given the termination of this BIT, Ecuadorian nationals only will be able to come to the U.S. on an E-2 treaty visa if they established or acquired…

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