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UNCITRAL and ISDS reform: Pluralism and the plurilateral investment court
12-Dec-2017 EJIL: Talk!
The investment treaty system is likely to be marked by the co-existence of investor-state arbitration and an international investment court, leading to pluralism rather than a dichotomous either/or choice or a clear before-and-after moment.
UNCITRAL and ISDS reform: Not business as usual
12-Dec-2017 EJIL: Talk!
This Working Group was not “business as usual” because it was much more government-led than is typical of UNCITRAL Working Groups and it started out with a vote instead of conforming to UNCITRAL’s typical approach of working by consensus.
Sitting International Court of Justice judges worked as arbitrators in at least 90 investor–state cases: study
12-Dec-2017 IISD
IISD researchers identified 90 investor–state dispute settlement (ISDS) cases in which sitting ICJ judges have worked–or are currently working–as arbitrators. The true number may be higher given that many ISDS cases are not public.
Chile interested in joint partnerships with Pakistan
12-Dec-2017 The Nation
A Joint Feasibility Group will work to formalize the FTA within six months’ period.
KORUS FTA having negative impact on South Korean agriculture
12-Dec-2017 Hankyoreh
The damage to the overall agricultural sector during the five years since the KORUS FTA took effect has been “broad and deep” across nearly all products.
Maldives ’open doors’ in 64 fields for China
12-Dec-2017 Avas
The controversial China-Maldives free trade agreement (FTA) is expected to open the doors of trade in 64 different fields in Maldives for China while the Asian monolith will open trade doors in 98 fields to Maldives.
Taiwan asks Japan for support in seeking membership of CPTPP
12-Dec-2017 Focus Taiwan
Taiwan asked Japan for support in its efforts to join a new regional trade arrangement called the "Comprehensive Progressive Trans-Pacific Partnership" (CPTPP) to contribute to regional prosperity.
Latest NAFTA talks run through Friday in Washington
12-Dec-2017 Farm Futures
Investors remain on alert over the threat of NAFTA talks failing even as negotiators meet in Washington and seek minor victories on less contentious issues.
EU to restore full political contacts with Thailand
12-Dec-2017 Bangkok Post
The Foreign Affairs Council of the European Union agreed to gradually resume all political re-engagement with Thailand and to possibly restart free trade talks.
UNCITRAL deliberates possible reform of investor-State dispute settlement
11-Dec-2017 UNIS
Working Group III of the United Nations Commission on International Trade Law (UNCITRAL) began its deliberation on possible reform of investor-State dispute settlement (ISDS).
EU-Japan trade agreement not compatible with EU data protection
11-Dec-2017 FFII
The implicit cross-border data flow commitments do not have a sufficient safeguard. This is not compatible with the EU Fundamental rights system.
EU-Mercosur talks hit snags, announcement could be delayed
11-Dec-2017 Reuters
Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol.
End-of-year deal on Indonesia Australia free trade agreement in doubt
11-Dec-2017 Sydney Morning Herald
Indonesia and Australia’s trade ministers will meet in Argentina amid growing doubt the free trade deal between the two countries will meet the end-of-year deadline.
S. Korea, Britain to hold talks over post-Brexit trade deal
11-Dec-2017 Yonhap
Trade officials of South Korea and Britain will meet to discuss ways to forge a new trade deal after London exits from the European Union, Seoul’s trade ministry.
A Canada-style trade deal would be a disaster for Britain’s workers
11-Dec-2017 The Times
Trade unions campaigned against the EU and Canada’s CETA deal because, although it offers lots of protections to foreign investors, it does nowhere near enough to protect workers’ rights and public services.
Mongolian government loses legal dispute over copper mine nationalization
11-Dec-2017 Reuters
Mongolian Copper Corporation to seek compensation through international arbitration over the Mongolian government’s alleged breach of international rules on investors’ rights.
NAFTA puts Mexican energy privatization beyond the reach of voters
8-Dec-2017 Rabble
The energy proportionality rule in NAFTA blocks a member country’s sovereignty to determine its level of carbon fuel exports, the price at which it sells its oil to its own people, and hinders climate change action.
China, Panama to begin talks on free-trade deal in June 2018
8-Dec-2017 Reuters
Panama and China will begin negotiations in June 2018 to sign a free-trade deal, consolidating a relationship that has strengthened after the Central American nation ditched ties with Taiwan.
Rusoro obtains $1.3 billion judgment against Venezuela in Canada
8-Dec-2017 Latin America Herald Tribune
Rusoro Mining Ltd. has announced that it has obtained a judgment against the Republic of Venezuela in the Superior Court of Justice in Ontario, Canada, of over US$1.3 billion.
Japan, EU finalize trade deal, aim at implementation in early 2019
8-Dec-2017 Nikkei
Japan and the European Union finalized negotiations on a free trade deal, with the two sides aiming to implement it in early 2019.