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Japan urges Indonesia to guarantee supply of liquefied gas under EPA
The Japanese government urged that guarantee for supplying Indonesia’s liquefied natural gas to Japan be attached to the economic partnership agreement (EPA) between both countries. However, the Indonesian government has not complied with this request.
Gulf: take oil, open financial sector
The six-nation Gulf Cooperation Council (GCC) has asked India to push through financial sector reforms and in return offered its huge oil and gas reserves to meet the country’s energy needs.
Japan gets serious about trade deal
When the idea of a free trade agreement with Japan was floated four years ago, there was not much enthusiasm in Tokyo.
Japan, GCC states to meet by the year-end to push FTA talks
Energy-poor Japan and the GCC states are expected to meet again in Saudi Arabia by the end of this year for a second round on negotiations on Free Trade Agreement (FTA) in a bid to secure stable fuel supplies.
Indo-Gulf free trade plan hits a petrochem block
The proposed free trade agreement (FTA) between India and the Gulf Cooperation Council (GCC) has hit a roadblock with the Indian industry, especially the petrochemical sector, opposing the agreement.
Ecuador Prez: No Oxy arbitration
Ecuadorian President Alfredo Palacio has rejected arbitration against his nation for annulling in May the contract with US Oxy oil company that operated there.
Mercosur plans to return to dialogue with the GCC in September
The Mercosur wants to return to free trade treaty talks with the Gulf Cooperation Council (GCC) in September, after the holiday period in the Arab world and before Ramadan, the holy month that this year should begin around September 22. The idea is to organize a meeting between representatives of both blocs in Riyadh, the Saudi capital.
BIMSTEC meet sets early deadline for FTA
Foreign Ministers from the Bay of Bengal Initiative for Multi-Sectoral Economic and Technical Cooperation have agreed that negotiations to finalise a BIMSTEC free trade agreement should be concluded before the next BIMSTEC summit scheduled to be held early next year in India.
Canada: The Occidental Tourist - Expropriation Claim Tests BIT Efficacy
The outcome of Occidental Petroleum’s latest dispute with Ecuador will be an important test of the effectiveness of BITs in protecting overseas investor rights in volatile political climates.
New legal threat over Yukos sale
The Kremlin will face yet another legal headache on Tuesday over its role in the break-up of Yukos after US attorneys began an arbitration proceeding in Spain on behalf of Spanish investors who were allegedly hurt by the Yukos affair.
Europe seeks Russian trade deal
The European Union wants a free-trade deal with Russia once the country joins the World Trade Organization, the European Commission president has said.
Canberra quenches Beijing’s energy thirst
No other country today appears to be more important in Australia’s diplomatic and political calculations than China, at least for commercial purposes.
China trade plan wins few friends
Fewer than a quarter of Australian manufacturing companies support a free trade agreement with China, according a survey by the Australian Industry Group.
Japan, Brunei kick off FTA talks
Japan and Brunei kicked off their first round of official negotiations Monday in Tokyo aimed at sealing a bilateral free-trade agreement, with Tokyo aiming during the five-day run to win tariff cuts on its industrial goods exports and a stable supply of natural resources from the Southeast Asian country.
Trading on terror to profit a few
Even as Congress has finally begun a serious debate about whether U.S. troops should be withdrawn from Iraq, another part of President Bush’s "war on terror" is advancing with far less public fanfare. Last month, the Senate Finance Committee approved the implementation of the U.S.-Oman Free Trade Agreement and cleared the way for its consideration by Congress.
Gulf, EU show flexibility in reaching a compromise
A free trade agreement (FTA) between the six-nation Gulf Cooperation Council (GCC) and 25-member European Union (EU) could be clinched as early as year-end as there seems to be a possibility that the two sides will relax rules related to investments and rules of origin.
Musharraf says Sino-Pak agreement on free trade will be finalised this year
Pakistan can be an energy corridor for China and it wants the Iran-Pakistan-India (IPI) gas pipeline extended up to China, President General Pervez Musharraf told a group of Chinese traders during a meeting on Wednesday.
Bilderbergers slither away
Sources say Venezuelan President Hugo Chavez’s challenge to the Free Trade Area of the Americas was on the top of the agenda of the Bilderberg Group meeting in Canada last week.
Ecuador: Government gears up for Oxy fallout
Showing the door to Occidental Petroleum (Oxy) and scuttling US free trade negotiations have long been agenda priorities for Ecuadorian social movements and political sectors. But following government steps that have all but made these goals a reality, the atmosphere seems more anxious than celebratory.
US oil firm files arbitration claim against Ecuador for ’expropriation’
The US-based Occidental Petroleum Company has filed an arbitration claim against Quito for canceling its exploration rights, a move that resulted in a suspension of free trade talks with Washington.