The three parties in Germany’s ruling coalition agreed to ratify the European Union’s free trade deal with Canada, a senior Social Democrats official.
Germany’s finance minister has put the controversial Transatlantic Trade and Investment Partnership (TTIP) free trade deal between the US and European Union back on the agenda.
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty.
The short-sighted German-driven agreement betrays the European project and poses a major economic and political problem for the rest of the West.
Vattenfall will get 1.606 billion euros and agreed to end pursuing a separate damages claim in the World Bank’s ICSID arbitration tribunal.
RWE has filed an arbitration claim against the Netherlands, seeking compensation for the Dutch decision to phase-out electricity production from coal by 2030.
German industry group BDI wants the EU to ban localization requirements and other limits to the free flow of data across borders.
The German government writes that around 21.7 million euros have been spent on lawyers, expert witnesses and court fees.
The European Union wants to speed up negotiations with China on an investment protection agreement, said German Chancellor Angela Merkel.
Berlin wants to diversify its relations, position itself more broadly, conclude further free trade agreements – also in order to no longer be so dependent on Beijing.
The Association of German Chambers of Industry and Commerce defended the agreement as it “could provide the urgently needed boost to the economy, during the current crisis.”
German Chancellor Angela Merkel expressed "significant doubts" over the EU-Mercosur free trade deal on concerns over the devastating deforestation of the Amazon rainforest.
German companies on Monday called for the resumption of the negotiations for a free trade agreement (FTA) between the Philippines and the European Union (Euphfta).
The energy company Vattenfall is demanding compensation from the Federal Republic of Germany. The costs for the arbitration proceedings could exceed 20 million euros this year.
Farmers’ group outlined its concerns including the Mercosur trade deal, which it says “threatens the supply of safe, high-quality and certified food from the region with low-priced imports."
Concerns include the Mercosur trade deal, which is said to “threaten the supply of safe, high-quality and certified food from the region with low-priced imports".
German company Uniper has threatened to bring an ISDS case against the Dutch government after a decision to ban coal-based power generation by 2030.
A metallurgical industry project is the center of the dispute.
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
Germany’s development minister has sparked a debate by calling for EU tariffs to be waived on African goods. Critics question whether import duties are really the issue, or are there other barriers to trade?