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Egypt wins international arbitration against two Spanish companies demanding €236m compensation
6-Nov-2020 Egypt Today
The ICSID has turned down a lawsuit filed by Spanish companies Cementos La Union and Aridos Jativa against the Egyptian State, demanding a compensation of more than €236 million.
Thailand’s export to China expanded under the BRI
6-Nov-2020 Digital Journal
China’s interconnectivity strategy under the Belt and Road Initiative enables Thailand to better exert the agreement on market opening under the framework of China-ASEAN Free Trade Area.
Reko Diq Case: NAB unearths corruption to the tune of billions
5-Nov-2020 Business Recorder
National Accountability Bureau (NAB) Balochistan has collected irrefutable evidence revealing that billions of rupees have been lost to the national exchequer in the Reko Diq project after the bureau scrutinized its 30-year record.
Either Biden or Trump, Indonesia wins
5-Nov-2020 Jakarta Globe
Indonesia stands to benefit from trade with the US, regardless of who wins the US 2020 presidential election, as the total exports and imports to and from the world’s largest economy expected to double to $60 billion in the next two years.
Africa free trade agreement must be rolled out by January after pandemic delay - Secretariat
5-Nov-2020 Fin24
The AfCFTA Secretariat is at advances stages of concluding phase one of the agreement which deals with the trading of goods and services, said the Secretary General.
CAN Europe policy briefing on the Energy Charter Treaty
4-Nov-2020 Climate Action Network
The treaty is incompatible with the EU’s climate commitments and the current modernisation process will not fix this, as the necessary reforms are either opposed by other contracting parties or not being discussed.
Update on the future of ISDS: UNCITRAL working group III publishes draft working papers
4-Nov-2020 Lexology
The working papers focus on an appellate mechanism and enforcement issues and the selection and appointment of ISDS tribunal members.
Human rights in investment treaty disputes – what’s on the horizon?
4-Nov-2020 JDsupra
Given the dynamic relationship between the protection of foreign investment and human rights, investors wishing to rely upon investment treaty provisions should fully integrate human rights considerations into their investment decisions and operations.
EU, UK so far fail to bridge gaps to secure trade deal
4-Nov-2020 Reuters
The European Union and Britain have so far failed to reach agreement on three most persistent sticking points in talks.
Russia ratifies Serbia’s free trade deal with EAEU
4-Nov-2020 SeeNews
The upper house of the Russian Parliament, said it has ratified the free trade agreement signed by Serbia with the Eurasian Economic Union (EAEU).
Iran-EAEU FTA taskforce holds online meeting
4-Nov-2020 Tehran Times
Converting the current temporary agreement into a permanent one requires the development of the current infrastructure.
Japan’s cabinet approves new economic pact with UK
4-Nov-2020 NHK World Japan
The Japanese government has finalized a bill on Wednesday for a new economic partnership agreement with the United Kingdom. The government aims to seek swift Diet approval so that the deal will take effect on January 1, 2021.
China’s Xi says country will speed up trade talks with EU, Japan and South Korea
4-Nov-2020 CNBC
In a major speech on Wednesday, Chinese President Xi Jinping talked up his country’s plans for playing a greater role in global trade, without mentioning ongoing tensions with the US.
Indonesian trade minister discussed the RCEP draft at the ASEAN Economic Ministers’ meeting
4-Nov-2020 Radar Bangsa
Minister of Trade Agus Suparmanto attended a virtual ’special caucus’ meeting of 10 ASEAN Economic Ministers discussed status of the RCEP draft and consolidated ASEAN countries’ position in preparation for the signing of RCEP agreement in this year.
Australia calls for China to ’play by the rules’ after reports of multibillion-dollar trade bans
4-Nov-2020 The Guardian
The Morrison government has called on China to come clean on whether a range of Australian export sectors worth billions of dollars a year will face new curbs from Friday amid increasing tensions between the two countries.
Pakistan, Bosnia sign trade agreements and more
4-Nov-2020 International The News
Pakistan and Bosnia on Wednesday agreed to strengthen the ties and improve trade between the two countries.
Why is Europe quiet about Thailand’s protests?
4-Nov-2020 Asia Times
Sources say that Brussels is keeping its powder dry in case the situation deteriorates further in Thailand. Yet it doesn’t want to annoy Bangkok pre-emptively lest it weakens relations.
Kenya, UK agree terms of post-Brexit trade pact
4-Nov-2020 Business Daily
Kenya, UK have concluded an economic partnership agreement under the stalled EU-EAC EPA’s text which Kenya ratified in October 2016.
Searching for value in the Japan–UK trade agreement
4-Nov-2020 East Asia Forum
The UK has taken the first step in its post-Brexit FTA agenda by signing the Japan–UK CEPA on 23 October. Although the UK government called the deal a ‘historic free trade agreement’, its main value appears to be political — especially for UK domestic politics.
Growing trade, investment flows now hallmark of BRI
3-Nov-2020 China Daily
China’s efforts to sign FTAs, double taxation agreements, multilateral/bilateral investment agreements, and information technology agreements, effectively facilitate trade and investment activities with BRI-related economies.