Lone Star Funds, which is in litigation against the South Korean government at the International Centre for Settlement of Investment Disputes, suggested US$870 million as a concession.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
The groups said they are concerned about the ICSID’s long-standing failure to promulgate clear rules for addressing cases where corruption has been alleged.
China will "actively consider" signing up for a regional free- trade pact, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), President Xi Jinping said.
Talks with New Zealand look likely to set a template for a new way of doing business.
Negotiations for a permanent, more ambitious agreement planned for next year.
In a webinar held on 10th November, economic experts, business owners, civil society organisations and parliamentarians expressed their concerns about RCEP, a mega free trade agreement which is likely to be signed on November 15, 2020.
As the 10 ASEAN countries and their 5 trading partners get ready to sign the anti-people trade deal, the countries must conduct social and human rights impact analysis on RCEP before signing or ratifying it.
Labour unions in Asia Pacific condemn this outcome and will continue working with our affiliates and allies to intervene in the enactment, ratification and implementation process of RCEP.
We, the undersigning economists, consider it important to inform the public that the economic models used to calculate those ostensible gains are inadequate for assessing the social and environmental impacts of this agreement.
UK-Kenya trade must be fit for the 21st century, say campaign groups.
The treaty is incompatible with the EU’s climate commitments and the current modernisation process will not fix this, as the necessary reforms are either opposed by other contracting parties or not being discussed.