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TC Energy loses $15-billion NAFTA lawsuit against US
The welcome decision shines a light on Canada’s flawed defence in similar investor-state case against Canada.
Piyush Goyal holds talks with UK and EU on free trade agreements
Union Minister of Commerce and Industry, Piyush Goyal, held bilateral discussions for deeper economic ties and moving ahead on free trade agreements (FTAs) with his counterparts from the UK and EU on the sidelines of the G7 trade ministers’ meeting at Reggio Calabria in Italy.
Sri Lanka trade body, Indonesian officials discuss trade agreement
Sri Lanka’s private sector trade body is in negotiations with Indonesian officials on a preferential trade agreement, which it hopes would increase exports to the Southeast Asian archipelago.
When investors subvert states
Imagine a scenario where a private company effectively creates and controls its own jurisdiction within a sovereign country. This company introduces its own currency, enacts laws, and establishes courts, prisons, police forces and even intelligence services.
Papua New Guinea seeks free trade talks with Japan, PM says
Japan and Papua New Guinea have discussed the path toward a potential free trade agreement, PNG Prime Minister James Marape said.
Why Switzerland is diverging from Europe on a key energy treaty
The European Union will withdraw from the Energy Charter Treaty, an international agreement that protects investments in coal and oil. But Switzerland is sticking to the agreement which scientists considered incompatible with climate goals.
Sri Lanka Thailand free trade agreement published
Sri Lanka has published a free trade agreement with Thailand which was negotiated with the aim of getting access for exporters up 85 percent of tariff liberalized over 15 years.
India may see revenue loss of Rs 63,000 crore every year as gold, silver imports from UAE surge
Free trade agreement between India and the UAE will allow unlimited imports of gold, silver, platinum, and diamonds from the UAE into India with zero tariffs.
Court ruling exempts Colombia from compensating Eco Oro Minerals Corp
A court exempts Colombia from paying the Canadian Eco Oro Minerals Corp a compensation for the banning of gold exploitation in the northern Santurban wasteland.
Panama’s reckless gamble with foreign investments
Panama faces arbitration claims arising out of recent measures affecting foreign-owned investments in mining and other sectors, which are worth substantially more than half of its GDP.
Costa Rica wins arbitration against Canadian miner Infinito Gold
Costa Rica announced that the international litigation filed by the Canadian mining company Infinito Gold has ended after Costa Rican Justices closed the gold deposit in 2010 due to environmental impact.
Dismissal of $15 billion NAFTA legacy case on Keystone XL pipeline is welcome, but billions in egregious claims still remain
The World Bank has dismissed Canadian oil company TC Energy’s $15 billion ISDS case against the US sought due to lack of jurisdiction.
Brazil and Italy seek to speed up agreement between Mercosur and the EU
The two blocs have been negotiating a free trade agreement for over two decades, aiming to eliminate most tariffs between the two regions, which would create a commercial space of over 700 million consumers.
Samir case : Corral Holding awarded only $150 million of claimed $2.7 billion
The ICSID dismissed most of Corral Morocco Holding’s claims against Morocco, amounting to $2.7 billion, awarding the group $150 million.
India, Eurasian Economic Union finalizing broad contours for proposed FTA
India and a trade bloc of 5 countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) are negotiating a free trade agreement. This would mean easier movement of goods and services between the countries, potentially increasing trade. There is still work to finalize the details before they can officially begin negotiations.
Opinion: is a Cambodia-India Free Trade Agreement feasible?
Cambodia wants an FTA (Free Trade Agreement) with India to diversify its trade partners and reduce reliance on China. India is a large market but hesitant due to a small trade volume with Cambodia and the concern of China using Cambodia to export goods to India.
India-EU next round of talks for trade, investment agreement likely in Sep
Senior officials of India and the 27-nation European Union (EU) are expected to hold the next round of talks for the proposed free trade agreement, which aims at boosting commerce and investments, in September, an official said.
Nigeria set to begin preferential trade under AfCFTA guided initiative
All is now set for the launch of preferential trade under the AfCFTA Guided Trade Initiative by President Bola Tinubu.
US-Maldives TIFA Council meeting held in Washington
The third meeting of the US-Maldives Trade and Investment Framework Agreement (TIFA) Council took place in Washington, DC.