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The ICSID Convention enters into force in Iraq
The ICSID Convention entered into force in Iraq on 17 December 2015. This comes after Iraq signed the ICSID Convention and deposited its instrument of ratification on 17 November 2015 to become the Convention’s 160th signatory State.
Pakistan sends request to EEU on creation of free trade area
Pakistan has sent another request to the Eurasian Economic Union (EEU) about creating a free trade area, Eurasian Economic Commission Trade Minister Andrey Slepnev said Wednesday.
Textile woes: PRGMEA expresses concern over EU-Vietnam FTA
The Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) has cautioned the government to address the issues of the value-added textile sector, as the continued drop in exports may further widen due to Vietnam and European Union’s (EU) Free Trade Agreement (FTA).
Free Trade Agreement with Thailand may not benefit Pakistan
Experts have urged the government to complete its homework before engaging into the Free Trade Agreement (FTA) with Thailand as, historically, FTAs have failed to usher favourable terms for Pakistan’s exports.
Trading down: Unemployment, inequality and other risks of the trans-pacific partnership agreement
TPP would lead to losses in employment and increases in inequality. Benefits for economic growth are more limited, and they are negative in some countries such as the United States.
Allgeier: TISA deal could help fix TPP flaw
The Obama administration could partly fix a flaw in the Trans-Pacific Partnership trade agreement through separate negotiations on the proposed Trade in Services Agreement.
China open to historic free-trade deal with Canada under certain provisos
China wants to forge a trade deal with Canada but this will require Canadian concessions on investment restrictions and a commitment to build an energy pipeline to the coast.
More than 500 civil society organisations from Myanmar express their concerns about the Investment Protection Agreement with the EU
Letter from civil society organizations in Myanmar to EC Commissioner Malmström.
Canada-India free trade agreement talks delayed
Canada asks officials to focus on TPP ratification instead; wants India to first ink bilateral investment pact.
TTIP vs. WTO: Who sets global standards?
TTIP’s ability to create global standards is limited. The agreement may even be detrimental to the promotion of higher social or environmental standards.
Global economy moved one step forward, one step back in 2015
The problem of TPP is with the “investment” chapter, which severely constrains environmental, health, and safety regulation, and even financial regulations with significant macroeconomic impacts.
Industry meets Nirmala Sitharaman, flags FTAs
Representatives of industry raised concerns about the impact of various free-trade agreements (FTAs) on the country’s trade and sought more clarity on guidelines governing e-commerce in a meeting with commerce and industry minister Nirmala Sitharaman on Thursday.
SMEs need support to benefit from free trade pacts
Domestic small and medium sized enterprises (SMEs) need close co-operation from public offices in getting information about regulations of free trade agreements (FTAs) for getting more benefits from the agreements.
Nirmala Sitharaman: Govt open to revisiting FTAs
The government is open to reviewing and renegotiating existing free trade agreements (FTAs) India has signed with different countries, Union minister of state for Commerce and Industry Nirmala Sitharaman said on Monday.
Rafael Correa announces that Ecuador will assume Oxy’s “liabilities”
President Rafael Correa announced that Ecuador has reached a payment plan with the US oil company, Occidental (Oxy)
Who has benefited financially from investment treaty arbitration?
The beneficiaries of ISDS have overwhelmingly been companies with more than USD1 billion in annual revenue and individuals with more than USD100 million in net wealth.
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TTIP: The downfall of EU agriculture?
A new study has concluded that TTIP threatens to completely change the way small and medium sized farms operate, through the use of more genetic engineering and more hormone-treated meat.
EU and US divisions over data protection threaten agreement
Persistent disagreements between the United States and the European Union over the treatment of personal data threaten to undermine international standards.
Ecuador is paying Occidental $980M to settle its lawsuit
Ecuador paid $100M on Dec. 21; will pay another $100M on Jan. 15; $100M on Jan. 31; $200M on Feb. 29; $300M on March 31; and the remainder on April 29.