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Turkey


Egypt to hurt its economy by canceling trade agreement: Turkish Foreign Ministry
Egypt has decided not to extend a comprehensive free trade agreement signed with Turkey during the rule of the ousted ex-President Mohamed Morsi, the MENA news agency reported on Oct. 28.
Iran wins its first investor-state case
The Islamic Republic of Iran has won its first ever investor-state arbitration in a decision against Turkish mobile phone company, Turkcell.
China offers FTA to Turkey
China offered Turkey a free trade agreement (FTA) during a meeting of the foreign ministers of the two countries, Wang Yi and Mevlüt Çavuşoğlu, in New York last week at the United Nations General Assembly.
S. Korea, Turkey initial FTA in service, investment sectors
South Korea and Turkey initialed a free trade agreement (FTA) for their investment and service sectors Thursday, which will complement a trade pact for products that went into effect last year.
Ghana, Turkey in negotiations for free trade
Ghana is in discussions with the Turkish Authorities for a free trade agreement to ensure unimpeded access to each other’s market.
S.Korea announces new free trade deal with Turkey
South Korea and Turkey have paved the way for a new free trade deal covering the service and investment sectors, according to Seoul’s trade ministry on Monday.
Turkey demands free trade agreement with EU and US
Turkey has to be party to a proposed Free Trade Agreement between the EU and the US, Turkey’s Economic Ministry declared on Monday, stressing that otherwise Turkey should consider renouncing their custom union agreement with the EU.
Pak moves int’l forum against Turkish power firm
The Ministry of Water and Power has approached the Washington-based International Centre for Settlement of Investment Disputes (ICSID) and challenged the jurisdiction of a tribunal which has been hearing a damage suit worth $334 million sought by a Turkish power firm, Karkey Karadeniz Elektrik Uretim (KKEU), against Pakistan.
FTA signing highlight of Najib’s Ankara trip
The signing of a Free Trade Agreement between Kuala Lumpur and Ankara will be the highlight of Prime Minister Datuk Seri Najib Razak’s two-day visit to Turkey.
Turkish firm’’s claim: government seeks 20 days to file reply
Pakistan has sought a 20-day extension to file its reply to the International Centre for Settlement of Investment Disputes (ICSID) against a damage claim of $2.1 billion filed by Turkish firm M/s Karkey Karadeniz Elektrik Uretim. The sources said Pakistan had to submit its reply to the international body by February 28, 2014 but it was delayed due to a change in legal firm.
Karkey files another $2.1b damages claim against Pakistan
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 to sign FTA with far-east nations
Turkey’s Economy Minister announced that Turkey will sign free trade agreements with Japan, Singapore and Malaysia.
Japan, Turkey agree on trade, nuclear power tie-ups
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.
Turkey: Not making eyes at the Eurasian Union — for now
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 seeks amendment in ICSID’s order
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.
ICSID rejects Karkey’s claim against Pakistan
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.
Transatlantic alliance to cost Turkey ‘$20 billion’
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 starts talks on FTA with Russia, Turkey, Israel
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.
Joint FTA study with Turkey nears completion
Thailand and Turkey plan to finalise their joint study on a possible free-trade (FTA) agreement by early next year.
Serbia’s free trade agreements with Turkey and Russia creates a golden opportunity
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.