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Trade Minister discusses RCEP bill, IK-CEPA with House
Indonesia Trade Minister discussed the bill of the Ratification of the RCEP and the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) with the House of Representatives (DPR RI).
Malaysia, Turkiye to expedite negotiations on free trade agreement expansion
Malaysia and Turkiye have committed to continue to work expeditiously to accelerate the completion of negotiations on the expansion of the Malaysia-Turkiye Free Trade Agreement (MTFTA) as soon as possible
Africa: Weaponizing Free Trade Agreements
In April 2021, Secretary of State Antony Blinken confirmed US-Kenya FTA talks would resume. Observers believe the US-Kenya FTA, initiated by Trump in 2020, would help expand US ’carrot and stick’ trade and security policies on the continent to counter China.
Fossil fuel investment protection – it’s time for actions to speak louder than words
Political leaders and companies who are major contributors to climate change have expressed increasing commitment to playing a role in addressing climate change, but there appears to be a gap between these sentiments and negotiations...
Nigeria eyes global energy charter for investments
Nigeria is targeting to be part of the International Energy Charter (IEC), a global community that will enable it to attract Foreign Direct Investments (FDI) to accelerate power sector development.
Will Biden’s proposed Latin America deal seek to repair past ‘free trade’ failures?
President Joe Biden announced the launch of a new economic proposal called the Americas Partnership for Economic Prosperity to deepen economic ties in the hemisphere.
USTR announces new declaration on good regulatory practices
Many trade agreements in the Hemisphere, such as the USMCA, MERCOSUR, the Pacific Alliance, as well as other bilateral arrangements, contain provisions on good regulatory practices.
Croatia loses international arbitration against Hungary’s MOL over gas business
Croatia has lost an international arbitration case launched by Hungarian oil and gas group MOL over Zagreb’s failure to fulfil obligations under an agreement about the gas business of the jointly owned Croatian oil company INA.
Bahrain found liable for indirect expropriation for putting Iranian-controlled Future Bank under administration
A tribunal awarded a sum of EUR 243 million plus interest to Bank Melli Iran and Bank Saderat Iran in their investor–state dispute against the Kingdom of Bahrain.
NAFTA tribunal in Westmoreland v. Canada declines jurisdiction, finding that the claimant did not own or control the investment at the time of the alleged breach
The dispute pertained to an investment made by Westmoreland Coal Company, a US‑incorporated company, in two Canadian enterprises in April 2014.
PH ready to sign free trade pact with S.Korea
The Philippines’ free trade agreement (FTA) with South Korea is inching closer to formalization with the initial signing of the economic pact seen within the next two weeks.
OECD conference on investment treaties and climate change policy
Experts took particular concern with the fact that most investment treaties do not oblige arbitrators to take into account international agreements on climate change when adjudicating cases.
IPEF negotiations expected to start in August
The US and South Korean governments are expected to initiate negotiations on the framework proposed by US President Joe Biden in August (2022).
Iran, EAEU continue negotiations on free trade agreement
Iran and the Eurasian Economic Union representatives have gathered for the fifth round of negotiations on upgrading the current preferential trade agreement between the two sides into a free trade agreement.
ITACO launches multi-billion dollar arbitration against Vietnam
Tan Tao Investment & Industry Corporation launched a billion-dollar arbitration proceeding against Vietnam under the agreement between the United States and the Socialist Republic of Vietnam.
Brazil wants more trade, investment with Arab countries, says official
Brazil wants to expand trade and investment with Arab countries, said a government official, amid ongoing talks for commercial agreements with Saudi Arabia, Lebanon and the United Arab Emirates.
Ascent starts mediation process in Slovenian partner dispute
UK-listed Ascent Resources and its Slovenian joint venture partner Geoenergo have initiated the mediation process under a dispute resolution mechanism.
Jokowi, Putin meeting touches on possible Indonesia-EAEU free trade zone
The Indonesian President and Russian President Vladimir Putin in Moscow talked about establishing a free trade zone between Indonesia and the Eurasian Economic Union (EAEU).
Six reasons NOT to ratify the EU-Mexico Global Agreement
Statement of the Mexican, European and international civil society, 4 July 2022