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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.
President calls for enhancing trade, investment with Korea
25-Aug-2022 Business Recorder
President Dr Arif Alvi has said there is a need to explore new avenues of cooperation between Pakistan and Korea for further enhancing bilateral trade and investment.
Chinese premier calls for quick progress in follow-up FTA talks with Korea
25-Aug-2022 The Korea Times
Chinese Premier Li Keqiang called for quick progress in follow-up free trade agreement (FTA) negotiations with Korea as he described the two countries as "inseparable" neighbors that should work together to defend supply chain stability.
Speaker calls for Indonesia-Timor Leste bilateral investment pact
25-Aug-2022 Antara News
House of Representatives (DPR) Speaker Puan Maharani has urged Indonesia and Timor Leste to form a bilateral investment treaty to create a stable investment climate and encourage more investment.
54 African countries have signed AfCFTA Agreement – Deputy Trade Minister
24-Aug-2022 Ghana Web
Ghana’s export sector is said to be making giant strides as the Ghana Export Promotion Authority about two months ago announced a $3.3 billion increase in non-traditional export earnings for 2021.
Kenya’s GDPR-style legislation threatens US firms’ x-border data transfer model
24-Aug-2022 Pymnts
In the Kenyan context, Meta’s GDPR woes may be avoided if the U.S. gets its way in a proposed free trade deal between the two countries which is currently in discussions.