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Lone Star files to cancel $200 mln ICSID ruling against S. Korean gov’t
16-Aug-2023 KBS
US private equity firm Lone Star Funds has filed an application to cancel an international tribunal’s ruling that South Korea pay over 200 million US dollars in compensation.
Sri Lanka serious on laws to honour deals after diplomatic hiccups with India, Japan, US
15-Aug-2023 Economy Next
Sri Lanka is seriously moving with a new laws which will prevent any of its future governments from backtracking bilateral and multilateral deals signed without the consent of the relevant parties involved
India-UK FTA talks may conclude as early as September
15-Aug-2023 Money Control
India is aiming to close negotiations in the India-UK free trade agreement (FTA) as early as September, when the next round of negotiations is scheduled to take place between the two countries during the trade and investment working group meeting.
Exxon awarded $77 million in claim against Venezuela
14-Aug-2023 JWN
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Lula accuses the EU of disguising protectionist measures as environmental concern
14-Aug-2023 El País
The Brazilian president delivered a message to industrialized nations at a climate summit in Belém, arguing they should ‘pay their part so we can revive part of what was ruined’
EU and the Philippines to start scoping exercise for a free trade agreement
14-Aug-2023 Hellenic Shipping News
The EU and the Philippines will shortly kick off a bilateral ‘scoping process’ to assess to which extent they share a mutual understanding on the future FTA.
Technical talks on India-Peru Free Trade Agreement start
11-Aug-2023 Financial Express
Technical teams of India and Peru have started negotiations on the modalities and scope of the proposed Free Trade Agreement (FTA) which will lay down the basis of negotiations.
Sri Lanka to join RCEP, signs FTAs with ASEAN countries once debt restructuring completed
11-Aug-2023 Xinhua Net
Sri Lanka will join the Regional Comprehensive Economic Partnership Agreement (RCEP) and enter Free Trade Agreements (FTA) with Association of Southeast Asian Nations (ASEAN) countries after debt restructuring is complete.
Indiana Resources Limited - Publication of ICSID Award
10-Aug-2023 Market Screener
ICSID Tribunal unanimously ordered Tanzania to pay more than US$109.5million plus costs for the unlawful expropriation of the Ntaka Hill Nickel Project (India).
S. Korea ready to sign trade deal; PHL working on internal approval
10-Aug-2023 Business World
The Department of Trade and Industry (DTI) said South Korea has declared its readiness to sign a free trade agreement (FTA) with the Philippines, which is still working on domestic approval processes which could take two months.
Russian Federation includes Morocco in North African free trade zone project
9-Aug-2023 Fresh Plaza
During a meeting with his Cabinet of Ministers, president Putin announced his intention to sign free trade agreements with several North African countries, namely Algeria, Morocco, Tunisia and Egypt.
High digital stakes in new China–ASEAN new agreement
9-Aug-2023 East Asia Forum
Negotiations for the third iteration of the China–ASEAN Free Trade Agreement continued beyond June 2023. The development of the digital economy — has raised some alarm bells for ASEAN negotiators and others.
Indonesia sees opening to conclude long-awaited trade deal with EU
9-Aug-2023 Jakarta Globe
The formation of a joint task force on the European Union’s anti-deforestation law gave Indonesia some hope that it would be able to conclude its overdue trade deal with the 27-member bloc, according to a senior minister.
India seems unlikely to return to RCEP due to China
9-Aug-2023 Jakarta Globe
Original negotiating member India is still unlikely to return to the world’s largest trade deal Regional Comprehensive Economic Partnership (RCEP) as it fears it still cannot compete with an influx of Chinese imports, according to a former World Bank executive.
Israel, Moldova kick off talks for free trade pact
8-Aug-2023 JNS
Israeli and Moldovan officials on Monday initiated negotiations in Jerusalem toward a free trade agreement.
Intra-EU investor-State ICSID arbitration: the German Federal Court of Justice’s new inadmissibility ruling
8-Aug-2023 Lexology
On 27 July 2023, the German Federal Court of Justice (German FCJ) declared three intra-EU investor-State ICSID arbitrations inadmissible under German arbitration law given their incompatibility with EU law.
India, Peru decides to resume FTA talks
4-Aug-2023 Devdiscourse
India and South American country Peru have decided to resume negotiations for a proposed free trade agreement (FTA) with an aim to promote two-way commerce and investment, a top government official said.
Pakistan, Iran chalk out five-year trade plan
4-Aug-2023 DAWN
Pakis­tan and Iran on Thursday chalked out a five-year trade cooperation plan aimed at doubling trade volume to $5 billion, prioritising removing trade impediments and finalising a free trade agreement.
Bangladesh explores to join RCEP eyeing trade in Indo-Pacific region
4-Aug-2023 The Economic Times
India’s eastern neighbour Bangladesh is exploring to join Regional Comprehensive Economic Partnership (RCEP) , eyeing to be part of the trade bloc in the Indo-Pacific region.
EU, Philippines FTA talks completed by yearend
4-Aug-2023 Philstar Global
The scoping discussions for the Philippines-European Union (EU) free trade agreement (FTA) will start next month and are expected to be concluded by the end of the year.