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EU, Latin America at odds on Ukraine and Mercosur trade ahead of big summit
10-Jul-2023 Politico
European and Latin American countries are miles apart on Ukraine and a Mercosur trade deal. The working text also eliminates references to the proposed signature of a deal between the EU and 79 countries of the Organization of African, Caribbean and Pacific Group of States .
EU tables Energy Charter Treaty exit, citing climate concerns
10-Jul-2023 Euractiv
The European Commission proposed that EU countries jointly quit an international treaty that has been criticised for blocking efforts to fight climate change because its protection of energy investments extends to fossil fuels.
Saudi commerce minister chairs preparation meeting for GCC-UK trade talks
10-Jul-2023 Arab News
The fourth round will be held in two sessions; remote as well as in-person meetings in London.
New Zealand signs free trade deal with European Union after years of negotiations
10-Jul-2023 RNZ
After more than a decade, pen has finally been put to paper with the signing of the free trade deal with the European Union.
Report to the UN shows the threat of ISDS provisions to human rights and the environment
10-Jul-2023 AFTINET
In response to a call from the UN, legal experts have released a submission outlining the dangers of Investor-State Dispute Settlement on the right to a clean, healthy and sustainable environment.
Civil society calls for release of IPEF pillar 2 agreement and current texts
10-Jul-2023 AFTINET
Civil society organizations, legislative bodies, and the people of potential IPEF countries must immediately be given ongoing access to the negotiating texts to enable them to help formulate positions and comment on draft proposals throughout the course of the remaining negotiations.
Ukraine submits request to join CPTPP trade pact
7-Jul-2023 The Japan News
Ukraine has submitted a request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); a trade pact among 11 countries, including Japan, Canada and Australia.
Indonesia tries to find balance between US-China with IPEF
7-Jul-2023 The Jakarta Globe
Indonesia might be trying to strike a balance with both the rivaling US and China by joining the Washington-led Indo-Pacific Economic Framework for Prosperity (IPEF), according to research institution ISEAS-Yusof Ishak Institute.
Indian Govt fears EU’s carbon tariffs will raise compliance costs, impede free trade
7-Jul-2023 CNBC TV
Indian experts accredited by the government will be assessing the carbon content as India and European Union (EU) negotiate the Free Trade Agreement, as per sources in the government.
India pushes for Asean FTA update on trade gap
6-Jul-2023 Mint
India has initiated talks with the Association of Southeast Asian Nations (Asean) to address concerns over the rules of origin and trade imbalance.
India-UK FTA nears completion, services sector in focus to boost trade, investments
6-Jul-2023 CNBC TV18
Half of the chapters negotiated in the pact have been concluded, UK’s Minister for International Trade said.
Lula says Mercosur eyeing fresh trade deals, increased regional commerce
5-Jul-2023 Yahoo
Brazilian President wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia.
Argentina, Brazil take aim at EU’s environmental trade deal conditions
5-Jul-2023 RFI
Argentina and Brazil, South America’s largest economies, took aim at an "unacceptable" EU stance in negotiations with the Mercosur bloc for a free trade deal long delayed due to stated European environmental concerns.
Decoding the IPEF
5-Jul-2023 Third World Network
IPEF is designed by the US for its own prosperity, with developing countries unlikely to gain anything significant from it. Even if the IPEF does not eventually include dispute settlement provisions, and despite some of the provisions appearing to be only statements of intent and more in the nature of cooperation
S&Ds: Equal partnership with Africa, Caribbean and Pacific Countries to address global challenges
5-Jul-2023 European Interest
After five days of intense debates, a vote on resolutions and visits on the ground, the 43rd session of the Joint Plenary Assembly among the African, Caribbean, Pacific Countries and the EU (JPA ACP-EU) has ended.
‘India, EU can redo int’l economic order’
4-Jul-2023 Mint
A trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first.
China, Honduras warm ties grow, free trade agreement in the making
4-Jul-2023 Al Mayadeen
China and Honduras launched talks to reach a free trade agreement as Beijing’s ties with Central American countries continue to grow.
Nigeria’s intra-African trade dips 12% to ₦842.6bn in Q1’ 2023 – NBS
3-Jul-2023 TV360 Nigeria
Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023 (Q1’23) 11.95 percent down from N956.93 billion in Q1’22.
Kenya-EU trade deal: Why the East African Community was left out
3-Jul-2023 yahoo news
Kenya’s President William Ruto hailed his country’s "remarkable partnership" with the European Union (EU) as the two sides inked a 25-year trade deal, but it has raised questions about East African unity.
Deconstructing India’s evolving approach toward international investment agreements
3-Jul-2023 IISD
If India’s approach and engagement with international investment agreements can be distinguished into phases, with the new agreements being negotiated and concluded, India is poised to enter a new phase.