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Ad Hoc Committee confirms Argentina is on the hook to Azurix for US$165 Million
Marking a final setback for Argentina in its protracted dispute with US-based water services firm Azurix Corp, on 1 September 2009 an ad hoc committee denied Argentina’s application to annul an ICSID tribunal’s previous decision awarding Azurix approximately US$165 Million for breach of Argentina’s obligations under the US-Argentina Bilateral Investment Treaty.
EU automakers urge Brussels to ditch SKorea trade deal
European auto manufacturers on Monday urged Brussels not to sign a free trade agreement with South Korea due to be inked over the coming days.
EU urged to sign free trade deal with Gulf states
Gulf oil producers yesterday urged the European Union to stop setting conditions and sign a free trade agreement that has eluded the two sides for nearly two decades because of persistent rifts.
As China-Costa Rica trade talks push forward, so does resistance
As deliberations over a possible free-trade agreement (FTA) between Costa Rica and China continue, opposition from some of Costa Rica’s leading business associations is growing stronger.
Group urges US Trade Representative to reject FTA with Colombia
R-CALF USA states that the US-Colombia FTA should be rejected because the agreement “completely ignores the unique characteristics of the US cattle industry and likely would harm farmers and ranchers, consumers, and the rural communities all across America that are economically dependent on a vibrant US cattle industry.”
FTAs pose threat to US growth says industry group
Free trade agreements (FTAs) in Asia, particularly by South Korea and India, pose a threat to U.S. manufactured exports that will continue to be subject to relatively high tariffs, according to a new study by the Manufacturers Alliance/MAPI.
SAARC business leaders moot in November
Third SAARC Business Leaders Conclave (SBLC) scheduled for November 22-23,in Colombo, with the theme of ‘Regional Cooperation: a catalyst for socio-economic growth in South Asia’ will aim to provide the right platform for a broader and intense engagement between member governments and South Asian Business community.
Domestic Manufacturers Object to Trade Remedies Provisions in Proposed U.S.-Korea Free Trade Agreement
The Committee to Support US Trade Laws and its affiliated organizations today submitted comments to the Office of the US Trade Representative regarding the proposed US-Korea Free Trade Agreement, strongly objecting to the antidumping and countervailing duty provisions of the section on trade remedies
Swiss firms eye Japanese free trade bounty
Swiss companies are assessing how they could take advantage of a Free Trade Agreement (FTA) with Japan that comes into effect on September 1.
Leaders press for Asia Pacific free trade area
It is time for APEC to take more concrete actions towards establishing a Free Trade Area of the Asia Pacific (FTAAP) in view of the financial crisis and the stalled Doha Round negotiations, says the APEC Business Advisory Council (ABAC).
Thai Union urges govt to pursue FTA with EU
Thailand’s leading canned and seafood exporter, Thai Union Frozen Products, has urged the government to strengthen exporters’ competitiveness by going ahead with bilateral free-trade negotiations with the European Union.
FTA with ASEAN should be mutually beneficial:Bajaj
The Free Trade Agreement signed by India with the 10-member bloc of ASEAN should be mutually beneficial, leading industrialist Rahul Bajaj has said.
US trade deals open markets – GAO
The US Government Accountability Office says bilateral free trade agreements signed by the United States work: they deliver new market opportunities for America’s agriculture sector.
The Honduran coup: Fiction and fact
Zelaya joined the Venezuelan proposed ALBA, a fair trade alternative to Washington’s now-defunct Free Trade Area of the Americas, but is no Chavez puppet, despite what the all-out PR war from Washington-based business groups claims
Colombia romances US with PR campaign after trade deal stalls
The $800,000 effort, funded by both the government and groups such as the coffee and flower growers, is intended to alter the perception among some in the US that Colombia means drugs, violence and crime and isn’t intended to sway lawmakers on the trade accord, the campaign’s manager said
Obama touts trade in meeting with Brazil official
President Barack Obama said on Tuesday he wants stronger ties with Brazil, especially in the commercial area, a top aide and possible successor to Brazilian President Luiz Inacio Lula da Silva said.
Wheat growers counting on trade deal
US wheat growers may lose more than 50 percent of $165 million per year in sales to Colombia if Congress does not approve the US-Colombia free trade agreement, US Wheat Associates and Colombian millers said at a July 14 news conference.
INTERATUN rejects EU-Papua New Guinea accord
The Inter-Professional Tuna Organisation (INTERATUN) warns that the European tuna fishing industry is in trouble if the European Union Agriculture and Fisheries Council approves the EU-Pacific Economic Partnership Agreement on Monday, 13 July
EU-South Korea trade pact marks trouble, Ford says
A proposed trade pact between South Korea and the European Union is one-sided and could threaten automobile manufacturing in Western Europe, a top Ford Motor Co executive said on Thursday.
Protecting foreign investment from political risk
In today’s risk averse environment investment protection agreements are also increasingly attractive to protect pension and mutual fund investments.