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Ratification of RCEP and Indonesia-Korea CEPA is not democratic and violate public rights
1-Sep-2022 Indonesia for Global Justice
The Civil Society Coalition for Economic Justice condemned the plenary session of the Indonesian House of Representatives which ratified the Regional Comprehensive Economic Partnership and the Indonesia-Korea CEPA agreement.
Iran, Vietnam stress need to start negotiation on signing a PTA
1-Sep-2022 Tehran Times
Vietnam’s and Iran’s top officials stress the need to begin official negotiations for signing a preferential trade agreement between the two countries.
South Korea to appeal international tribunal’s order to pay Lone Star By Kim Arin
1-Sep-2022 Korea Herald
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
Green hydrogen opportunities for Aust, UK
31-Aug-2022 The West Australian
Under the free trade agreement, the two nations have pledged to work together in developing and accelerating cost-effective low and zero emissions technologies as well as supporting clean and renewable energy sources and infrastructure.
S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit
31-Aug-2022 Yonhap
An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds US$216.5 million, bringing an end to a decade long legal battle surrounding its sell-off of a local bank.
Canada challenges US softwood lumber duties under USMCA trade pact
30-Aug-2022 The Globe and Mail
International Trade Minister Mary Ng says Canada is formally initiating a challenge against “unwarranted and unfair” U.S. duties on Canadian softwood lumber.
Minister says inflation law ‘highly likely’ to violate FTA
30-Aug-2022 The Investor
South Korean Minister of Trade Industry and Energy said the US Inflation Reduction Act that bans tax benefits for electric vehicles built outside of North America is highly likely to breach the US-Korea FTA and WTO rules.
Indonesia parliament approves membership of China-backed regional trade deal
30-Aug-2022 Euronews
Indonesia’s parliament passed a law cementing the country’s membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world’s biggest trade bloc.
Perenco registers award debt owed by Ecuador in Singapore and UK
29-Aug-2022 Asia One
This action would allow for Ecuadorean accounts in these jurisdictions to be frozen and trading payments and receivables to be seized, in order to satisfy the outstanding award debt.
Mexico expects EU trade deal to be approved in 2022, minister says
29-Aug-2022 Reuters
The European Union should sign off on its updated trade agreement with Mexico later this year, Mexican Foreign Minister Marcelo Ebrard said.
EU-NZ trade agreement ’by no means a done deal’
29-Aug-2022 RNZ
"It is by no means a done deal ... there’s going to be a huge diplomatic effort to push this across the line," - NZ’s chief EU trade negotiator Vangelis Vitalis.
India, Canada to hold negotiations on trade in September
29-Aug-2022 The Print
Reaffirming its commitment to an interim trade pact with India, Canada said that the next round of negotiations will be held in September.
Hogging the gains from trade in Mexico
26-Aug-2022 Medium
The multinational pork giant Smithfield, now owned by a Chinese firm, took advantage of trade, investment, labor, environmental, and immigration policies, after NAFTA, to expand its low-wage factory farming model on both sides of the US-Mexico border.
Nigeria unprepared for African free trade –Experts
26-Aug-2022 Punch
Three years after signing the African Continental Free Trade Area, Nigeria appears unprepared to compete in the trade regime...
EAEU-Iran talks on free trade agreement set for September
26-Aug-2022 BelTA
The next round of talks on a full-fledged free trade agreement between the Eurasian Economic Union (EAEU) and Iran will take place in Moscow at the end of September.
Tensions rise as Korea waits for verdict on Lone Star dispute
26-Aug-2022 Korea Herald
The Korean public has been in outrage over the matter for more than a decade, claiming that the case was an international “fraud” committed by an overseas private equity firm.
Trade agreement: Why India made a U-turn on free trade deals
25-Aug-2022 Yahoo
Increased collaboration between countries like India, Australia, Japan and the US reflect their growing anxiety over China’s control over supply chains and its ability to disrupt them.
Supply chain analysis of AfCFTA
25-Aug-2022 Punch
An African supply chain that makes it difficult to move goods by water from Cameroon to Nigeria but easy to move goods from Cameroon to China and other countries is a threat to the regional integration plan.
Oil firm Rockhopper wins £210m payout after being banned from drilling
25-Aug-2022 The Guardian
Italian government ordered to compensate UK firm after exploration forbidden within 12 miles of coast.
EAC states challenged on trade agreements
25-Aug-2022 New Vision
The East African Community (EAC) partner states have been challenged to increase their volume of transactions under regional and international trade agreements.