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EU allows Romania to pay EUR 200 mln compensation to Romanian-Swedish investors
20-Jun-2019 Romania Insider
The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
US-Japan trade deal progress likely in ’months’: US official
20-Jun-2019 AFP
US Trade Representative Robert Lighthizer tells Congress that Japanese authorities ’understand completely’ the US desire for trade access to Japan and that efforts to reach a new trade agreement should bear fruit soon
Indian dairy under threat from new trade deals
20-Jun-2019 GRAIN
Several new trade pacts that cater to transnational corporations, like the Regional Comprehensive Economic Partnership or the proposed deals pending with Europe, threaten to radically change the map and wipe out India’s small dairy producers.
Connecting the dots: Insane trade and climate chaos
19-Jun-2019 Economics of Happiness
The connection between global trade and the climate crisis is clear. Much of global trade is unnecessary and wasteful - and yet, somehow, it continues to be profitable.
UAE, Hong Kong sign agreement on mutual promotion and protection of investments
19-Jun-2019 WAM
The Ministry of Finance signed an agreement to encourage and protect investments between the UAE and the Hong Kong Government, as part of the ministry’s efforts to protect the nations investments abroad and to attract foreign investments.
As palm oils get dumped, processors become packers
19-Jun-2019 Hindu Business Line
India’s edible oil security at stake as palm oil imports continue to rise unabated under the India-Malaysia FTA
New Dutch model BIT: negotiations to commence soon
19-Jun-2019 ILO
The Dutch government has obtained the authorisation required to start renegotiations with eight non-EU countries on its new model bilateral investment treaty and conclude new BITs with two others.
Thailand hopeful of RCEP deal despite scant progress
19-Jun-2019 The Nation
Thailand maintains the RCEP historic deal involving 16 economies can be finalised by November.
The impact of Thailand’s FTAs on US agri-food exports
19-Jun-2019 Global Agricultural Information Network
US govt says Thailand’s FTAs - with China, Australia, NZ, Japan, India, ASEAN, Chile and Peru - have hurt US agri-food exports to Thailand.
China wants Asia free trade pact without India
19-Jun-2019 Nikkei Asian Review
China is proposing a new Asian free trade agreement that excludes India, throwing a wrench into plans for the 16-country Regional Comprehensive Economic Partnership.
India, Kyrgyzstan have prepared 5 year roadmap to increase bilateral trade: PM Modi
18-Jun-2019 The Hindu Business Line
India and Kyrgyztan have given the final shape to the Double Taxation Avoidance Agreement (DTAA) and the bilateral investment treaty.
ASEAN, Japan, South Korea are misusing FTA: PPMAI
18-Jun-2019 The Hindu Business Line
Process Plant and Machinery Association of India (PPMAI) stated do not include capital goods in RCEP.
340+ organisations call on the EU to immediately halt trade negotiations with Brazil
18-Jun-2019 S2B
In an open letter, over 340 civil society organisations are demanding that the European Union immediately halt free trade agreement negotiations with the Mercosur bloc (Brazil, Argentina, Paraguay and Uruguay) on the grounds of deteriorating human rights and environmental conditions in Brazil.
Hungary appeals Sodexo award with ICSID
17-Jun-2019 Budapest Business Journal
Hungary has filed to annul an award of some EUR 73 million, before interest, to French food voucher company Sodexo, granted in an arbitration ruling by the World Bankʼs International Center for Settlement of Investment Disputes (ICSID), state news agency MTI reported, citing case information on ICSIDʼs website.
QICDRC sign deal to become hub for dispute resolution
17-Jun-2019 Gulf Times
Qatar International Court and Dispute Resolution Center (QICDRC) on Sunday entered into a pact with a World Bank body as part of plans to enhance its profile in the global judicial system and establish itself as a hub for dispute resolution.
Why Nigeria should sign AfCFTA agreement – AfDB
14-Jun-2019 Daily Trust
Nigeria’s failure to sign the Africa Continental Free Trade Area (AfCFTA) agreement may hold the continent back on its economic prosperity drive, the African Development Bank (AfDB) has said.
Commerce Minister reviews free trade pacts
14-Jun-2019 The Hindu
Commerce & Industry Minister Piyush Goyal has reviewed India’s free trade agreements (FTAs) with partner countries such as Japan, South Korea, Sri Lanka and the 10-member ASEAN to identify problem areas for the Indian industry and the opportunities they could offer.
Lebanon’s industry minister calls for modifications in free trade agreements
13-Jun-2019 Xinhua
Lebanese Industry Minister Wael Abou Faour called on Wednesday for the revision of free trade agreements signed between Lebanon and other countries aimed at protecting the industry sector in the country, the National News Agency reported.
Legitimacy concerns of the proposed multilateral investment court: Is democracy possible?
13-Jun-2019 South Centre
The EU wants to replace traditional party-appointed arbitrators with a two-tiered investment tribunal system comprised by a roster of members selected by the state parties on the treaty. This essay argues that the creation of the multilateral investment court needs to follow democratic principles in order to be legitimate.
13 RCEP nations oppose India’s strict country of origin norms
13-Jun-2019 The Economic Times
At least 13 countries have opposed India’s proposal for strict criteria to determine the source country of a product, based on which they get tariff concessions or duties, in the RCEP trade pact.