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EFTA: Trade deficit, Swiss blanket removal of import duties to hurt India
9-Jan-2024 Business Standard
The report by economic think tank GTRI said the trade agreement in the current format will not help Indian exports and will result in higher imports and wider trade deficit.
Taiwan signs landmark bilateral investment agreement with Canada, aims to join CPTPP
9-Jan-2024 Malay Mail
Taiwan and Canada signed a bilateral investment deal, boosting the Taiwanese government’s efforts to bolster business ties with like-minded democratic partners and possibly easing the island’s entry into a major pan-Pacific trade pact.
Indonesia eyes CPTPP to enter Latin American market
9-Jan-2024 Jakarta Globe
Indonesia explores the CPTPP as a gateway to the Latin American market, with Chief Economic Affairs Minister Airlangga Hartarto emphasizing its potential to boost exports.
India to sign clean, fair economy deal under Indo-Pacific economic framework
9-Jan-2024 Live Mint
India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year.
Inking of CEPA with UAE likely
9-Jan-2024 Business Recorder
Pakistan and United Arab Emirates (UAE) are likely to sign Comprehensive Economic Partnership Agreement (CEPA) on the lines of FTA with GCC countries.
Export opportunities to be optimised in 2024: Minister
9-Jan-2024 Vietnam Plus
Vietnam’s Minister of Industry and Trade, Nguyen Hong Dien, pledges to boost trade promotion and exports in 2024, focusing on optimizing free trade agreements, supporting domestic firms, and emphasizing market information and large-scale events.
Towards ambitious FTAs: A major barrier for broader
9-Jan-2024 Financial Express
India is currently negotiating ambitious free trade agreements with the UK, EU, and Oman, and expanding economic cooperation with Australia. These agreements aim for a higher level of ambition, focusing on tariff reductions for selected items while excluding more sensitive areas.
North Americanism turns 30
8-Jan-2024 Foreign Policy
NAFTA and USMCA have dramatically reshaped Mexico.
Petrochemical industry opposes Oman FTA, deal may be delayed
8-Jan-2024 Financial Express
The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact.
Gaza war hits India-Israel talks, diverts diamond shipments
8-Jan-2024 Mint
Normalcy in the FTA negotiations between Israel and India is expected only after de-escalation of the war.
India and Trinidad and Tobago to strengthen commercial ties
8-Jan-2024 Prensa Latina
The representatives analyzed the progress of a Bilateral Investment Treaty and future missions in this field, with the objective of strengthening commercial ties.
ABH Holdings S.A. brings $1 billion claim against Ukraine
5-Jan-2024 ABH Holdings S.A.
ABHH seeks full compensation for the expropriation of Sense Bank by the Ukrainian authorities through enforced nationalisation.
Indonesia implemented three trade agreements in 2023: Minister
5-Jan-2024 Antara
The Indonesian government started implementing three international trade agreements involving the United Arab Emirates, the Association of Southeast Asian Nations, and South Korea in 2023.
British minister heads to Turkey ahead of start of trade talks
5-Jan-2024 Reuters
Britain’s trade minister will meet her Turkish counterpart in Istanbul to discuss closer ties, ahead of the expected launch of negotiations on a new free trade deal later this year.
Could Costa Rica join USMCA?
5-Jan-2024 Yahoo
Costa Rica’s trade czar wants to solidify the country’s relationships with North America’s biggest markets.
Thailand to pursue FTA with China despite nearly US$30 bn deficit
4-Jan-2024 The Nation
Thailand and China plan to resume bilateral free trade agreement negotiations this year despite Thailand’s mounting trade deficit with China of nearly US$30 billion.
SIFC accelerates implementation of bilateral investment treaty with Saudi Arabia, Qatar
4-Jan-2024 Mettis Global
In Pakistan, the Special Investment Facilitation Council gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality.
Panthera subsidiary notifies Indian government over Bhukia dispute
3-Jan-2024 Morning Star
Panthera, a gold exploration company with assets in India, said that its subsidiary Indo Gold Pty Ltd had issued a notice of dispute to the Indian government over the latter’s breach of the 1999 Australia-India bilateral investment treaty.
Mercosur mulls ‘last-chance’ summit to close EU trade deal
3-Jan-2024 Politico
South America’s Mercosur countries are considering holding a high-level summit with top European Union officials in Brasília late January or early February in a bid to seal their long-delayed trade agreement.
Iran, EEU sign historic free trade agreement
3-Jan-2024 BNE Intellinews
Iran signed a groundbreaking free trade agreement with the Russia-led Eurasian Economic Union on December 25. The signing ceremony, held in St. Petersburg, marked the culmination of over two years of negotiations and expert deliberations.