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Free trade frenzy: the hidden costs of South Asia’s economic gamble
As debt pressures rise, South Asia’s economic strategies are increasingly revolving around FTAs. The frenzy, however, is not only reshaping the region’s trade dynamics, but also a wide array of national legal frameworks, from labour rights to agriculture policies.
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
The 7th Intersessional meeting of the Pakistan-United States Trade and Investment Framework (TIFA) was held here on Friday and discussed ways to strengthen trade ties between the two nations.
Pakistan, Iran agree on swift FTA finalisation, target $10 b trade over five years
Pakistan and Iran agreed to expeditiously finalize the Free Trade Agreement and boost their bilateral trade to USD10 billion over the next five years.
US warns Pakistan of ‘possible sanctions’ following Iran trade deal
The United States warned Pakistan of ‘possible sanctions’ following trade agreements with Iran during President Ebrahim Raisi visit.
Pakistan shares FTA draft with GCC to pave way for Reko Diq accord
The caretaker government had ratified the draft of FTA, including the Bilateral Investment Treaty (BIT).
Update: Progress on 6 Thai FTAs now under negotiation
Thailand is negotiating 11 free trade agreements, including five related to upgrading existing FTAs along with developing six new FTAs as the kingdom aims to expand trade and investment with key trading partner countries near and distant.
EAC set to negotiate trade agreements with UK, UAE after EPA flops
At least seven countries have requested free trade arrangements with the East. African Community (EAC), as the bloc also intensifies efforts to expand the markets for its products.
ISDS regime could choke climate action in emerging economies, experts say
The investor-state dispute settlement (ISDS) system could be putting climate action at risk in emerging and developing economies as investors in fossil fuel projects angle for compensation, experts say.
Iran to ink free trade deals with certain nations
Iran is planning to sign free trade agreements with Syria, Venezuela, Pakistan, and one Eastern European country. He also said that Iran is seeking preferential trade agreements with Indonesia and some East Asian countries.
Pakistan agrees to new ISDS provisions, despite previous policy to terminate ISDS agreements
Pakistan’s previous policy, initiated in 2021, sought to terminate its bilateral investment treaties to avoid further ISDS cases by international investors.
Islamabad accepts Riyadh-Doha term to allow international arbitration incase of dispute
Pakistan has negotiated to include a graduated approach for settlement of investment disputes between the state and investors.
Inking of CEPA with UAE likely
Pakistan and United Arab Emirates (UAE) are likely to sign Comprehensive Economic Partnership Agreement (CEPA) on the lines of FTA with GCC countries.
SIFC accelerates implementation of bilateral investment treaty with Saudi Arabia, Qatar
In Pakistan, the Special Investment Facilitation Council gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality.
Pakistan wins legal battle against Tuwairqi Steel at international court
Pakistan has emerged triumphant in the arbitration initiated by Tuwairqi Steel against the federation at the Permanent Court of Arbitration in The Hague, Netherlands.
Settlement agreement with Ozpak concludes
Pakistan concluded a settlement agreement with Ozpak, a Turkish company, in longstanding arbitration proceedings pending in the International Centre for Settlement of Investment Disputes.
Saudi Arabia assessing advancements in FTA to enhance trade with Pakistan: Commercial Attache
Saudi Commercial Attaché in Pakistan said the Kingdom’s officials were currently assessing advancements in the initial Free Trade Agreement.
China agrees to review Free Trade Agreement, boost yuan-based trade
The Chinese government has agreed to consider a request to amend the existing Free Trade Agreement, supply trade finance in yuans and provide loans to assist industry relocation to Pakistan.
Pakistan moves closer to signing landmark trade agreement with GCC
Pakistan and Saudi Arabia have reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council.
Dispute settlement mechanisms: BoI asked to show ‘flexibility’
These directions were issued after threadbare discussion with Saudi Arabia and Qatar which are insisting on the option of international arbitration in a template of Bilateral Investment Treaty.
Business leaders urge FTA to boost Pak-Kazakh trade
Pakistani business leaders are urging the initiation of negotiations for a Preferential Trade Agreement in the medium term, with an eventual FTA as part of the long-term strategy for Central Asian Republics.