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KCA, a Reno Nevada based mining company, suspended gold mine in Guatemala
However, locals feel latent tension that the imminent consultation process or the arbitration suit could revive earlier threats, violence, and legal persecution from company employees and contractors.
Bangladesh moves to join RCEP
An inter-ministerial meeting agreed that the county will join the RCEP. Bangladesh may send a formal letter expressing interest to join the trade bloc if there is political agreement within the country.
Turkey offers duty relief on 261 tariff lines
Turkey has offered concessions to Islamabad on 261 tariff lines, which include key items of Pakistan’s export interest from both the agriculture and industrial sectors.
FTA awaits Aussie ratification
The India-Australia interim free trade agreement, which should have come into effect by mid-June, still awaits ratification following regime change in Canberra.
Government set to ram through Australia trade deal defying public cries for scrutiny
New polling reveals only one-fifth (21%) of UK public are satisfied with the current parliamentary process of scrutiny for the UK-Australia trade deal.
ECT: “ecocide” treaty puts Member States and EU Commission at odds
European governments are still considering withdrawal from the Energy Charter Treaty, despite the EU Commission’s efforts to modernise the controversial pact, documents leaked to Investigate Europe reveal.
Brazil’s Lula ready to reopen EU-Mercosur pact if he wins election, aide says
Brazilian presidential election frontrunner Luiz Inacio Lula da Silva favors reopening talks on a stalled European Union trade deal with South American trade bloc Mercosur to add provisions on environmental protection, human rights and technology.
Korea calls for digital pact with ASEAN under FTA framework
Korea suggested a new agreement on digital technology and systems with the Association of Southeast Asian Nations (ASEAN) countries under their free trade pact in a move to further bolster bilateral economic ties, Seoul’s trade ministry said.
Germany bails out Uniper with multi-billion euro package
Germany has agreed to buy a stake in Uniper. The deal is subject to Uniper withdrawing a lawsuit against the Netherlands in connection with the Energy Charter Treaty.
Te Pāti Māori to oppose UK free trade deal
Te Pāti Māori will oppose the United Kingdom Free Trade Agreement Legislation Bill, a trade deal which shut Māori out of negotiations, and that fails to protect Māori rights and interests.
Colombia UK post-Brexit bilateral trade agreement goes into force
After completing government protocols, Colombia and the United Kingdom put into force the trade agreement signed in May 2019.
EAC common market scorecard falls short of expectations
Currently, trade between partners is at 20 percent, lower than the expectations of leaders at the time of the launch. EAC members are trading more with countries outside the bloc than partner states..
Congress could consider CAFTA-DR changes
A recent report lays out several changes that lawmakers could consider to the CAFTA-DR free trade agreement between the US and six Latin American countries, but as yet there is no clear path forward on any such measures in Congress.
EU launches new legal moves against UK over N. Ireland
The European Commission launched four new legal proceedings against Britain over London’s failure to implement Brexit divorce terms to govern trade with Northern Ireland.
US to host virtual meeting on Tuesday of Indo-Pacific trade, economic ministers
President Joe Biden, who launched the IPEF in May on a trip to Tokyo, wants to use it as a way to raise environmental, labor and other standards across Asia.
100+ civil society groups ask White House for transparency in IPEF deal
Public, congressional input is essential to prevent another TPP.
China, Nicaragua begin talks for FTA; textile trade may get boost
China and Nicaragua are moving ahead for a comprehensive free trade agreement (FTA) and have formally established a bilateral intergovernmental economic and trade cooperation mechanism.
S. Korea, China discuss FTA expansion into service, investment
South Korea and China held talks on bolstering cooperation in service and investment fields under their bilateral free trade agreement, Seoul’s trade ministry said.
AfCFTA: Inconclusive rules of origin, trade in services delay commencement –NAC
The NAC scribe said it has been acknowledged that the gains from AfCFTA will only materialise through comprehensive and sustainable implementation focused on outcomes,...