Karkey Karadeniz Electricity Production Corporation (Karkey) has filed a memorial to the World Bank’s International Centre for Investment Disputes (ICSID) claiming $2.1 billion damages against government of Pakistan.
Turkey’s Economy Minister announced that Turkey will sign free trade agreements with Japan, Singapore and Malaysia.
Japan and Turkey agreed on Jan. 7 to begin talks on an economic partnership agreement, part of a drive to build closer ties as they also step up cooperation on nuclear technology.
After 26 years of frustration over its start-and-stop bid to join the European Union, would Turkey ever consider joining a rival regional bloc led by the Kremlin? Few observers believe it likely, but it’s not completely out of the question.
Pakistan has landed in hot waters following the provisional decision of ICSID (international court for settlement of investment disputes) announced on October 16 which says that government of Pakistan should allow the Karkey’s vessel based power generation unit to move from Karachi port, as Supreme Court’s verdict is quite vivid that says that unless and until Karkey gives $ 128 million to Pakistan it cannot be allowed to leave the port, Pakistan Observer has learnt reliably.
Giving official reaction to the claim of Turkish firm Karkey Karadeniz ElektrikUretim regarding release of a power vessel, a senior official in the Attorney General’s office on Tuesday said that the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID) had rejected Turkish company’s Rental Power Project (RPP) Karkey claim against Pakistan.
Turkey’s exclusion from the Transatlantic Trade and Investment Partnership (TTIP) of the US and the EU would cause 2.5 percent of its national income to melt, a recently published study shows
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
Thailand and Turkey plan to finalise their joint study on a possible free-trade (FTA) agreement by early next year.
Most people are aware of Serbia’s free trade agreement but what is less known is Serbia’s free trade agreement with Turkey. Free trade agreements also exist between Kazakhstan, Belarus, CEFTA, EFTA, European Union and the USA.
Peru’s Foreign Trade Association (ComexPeru) said Monday that Peru should continue promoting free trade agreements with India, Turkey, Israel, Russia and Arab countries as they boost non-traditional exports.
Turkish Economy Minister Zafer Çağlayan has said Turkey is ready to sign a comprehensive free trade agreement (FTA) with Mexico.
Turkish Minister of Economy Zafer Caglayan said on Tuesday that Turkey was ready to sign a comprehensive Free Trade Agreement with Mexico.
The Turkish power firm Karkey Karadeniz Elektrik Uretim (KKEU) has approached the Washington based International Centre for Settlement of Investment Disputes (ICSID) against Pakistan’s water and power ministry and also served a Rs33billion damage notice on the ministry, sources said on Wednesday.
Turkish Foreign Minister Ahmet Davutoglu said Turkey aims to complete the talks for Free Trade Agreement (FTA) with Ukraine as of 2015.
A Turkish power generation company has filed a case against the Pakistan government at ICSID for compensation of losses worth 700 million dollars
Frustrated with the slow progress of its bid to join the EU, the rash of free trade pacts Brussels is negotiating that leave Turkey out in the cold has Ankara threatening to tear up its customs union agreement.
A free trade agreement (FTA) between Turkey and South Korea that came into effect at the beginning of this month has registered a number of firsts for Turkey, which had exempted its agricultural goods from deals until the Seoul deal but is now aiming to use the new agreement as a template for future FTAs.
Turkey is pushing for involvement in a proposed free trade pact between the United States and Europe which it fears could leave it sidelined and hamper its ambitions to become a top 10 economy over the next decade.
Following a decision of the United Nations Human Rights Committee (“UNHRC“) in 2010 that a Turkish businessman had suffered violations of his human rights after being illegally convicted of economic crimes, a claim for compensation is now being pursued under the Turkey-Turkmenistan bilateral investment treaty (“BIT“). This case therefore highlights the interesting interaction between the human rights and investment protection regimes.