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UAE eyes 26 CEPAs in 7-8 years: Minister of economy
7-Dec-2022 Khaleej Times
Comprehensive Economic Partnership Agreements will play a key role in the development of UAE’s new economy and the country aims to sign 26 such deals in the next few years, said Abdulla bin Touq Al Marri, Minister of Economy.
Proposed BIT with Hungary: Differences emerge between BoI, ministries over proposal
7-Dec-2022 Business Recorder
There are two sticking points in the negotiations of the Pakistan-Hungary BIT: one is “Expropriation” and the other is “Subrogation”.
What ‘friend-shoring’ means for trade in a less-friendly world
7-Dec-2022 The Washington Post
The recent escalating series of trade disruptions has called into question the vision of a globalized economy.
Chile to sign modernization of bilateral agreement with the EU next week
7-Dec-2022 Reuters
Chile’s President said that the minister of foreign affairs will travel to Brussels at the end of the week to sign a modernization of a bilateral agreement with the European Union.
Uruguay’s free-trade deal ambitions rattle South American trade bloc
7-Dec-2022 WKZO
South America’s major Mercosur trade bloc, which includes regional powerhouses Brazil and Argentina, has been rattled by one of its smaller members, Uruguay, seeking to strike its own free-trade deals, leaders said.
Air Tanzania plane seized in the Netherlands
7-Dec-2022 The Citizen
Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar project.
UK group loses legal challenge over Morocco trade agreement
7-Dec-2022 Reuters
Dec 5 (Reuters) - A campaign group on Monday lost a legal challenge to Britain’s post-Brexit trade arrangements with Morocco over goods from the disputed territory of Western Sahara.
Women’s rights organisations and allies oppose the gender "upskilling initiative" as an IPEF carrot
6-Dec-2022 IT for Change
IT for Change, Public Services International (Asia & Pacific) and Third World Network, with the undersigned women’s rights organisations, labour unions, and allies, oppose the use of Big Tech “upskilling” initiatives for women to encourage countries to sign on to the IPEF.
A mining lawsuit in Guatemala shows how trade courts put big corporations first
6-Dec-2022 Inequality.org
Local resisters are calling for a different economic model — one that prioritizes clean water and soil, healthy communities, peace, dignity, and self-determination.
UAE, Ukraine aim for bilateral trade talks
6-Dec-2022 South Coast Register
The United Arab Emirates and Ukraine have announced their intention to start negotiations on a bilateral trade deal, expected to conclude by the middle of next year, the UAE economy ministry says.
Indo-Australia trade agreement to come into force from Dec 29; to give duty free access to a number of goods
6-Dec-2022 Deccan Herald
The free trade agreement between India and Australia will come into force from December 29 giving duty free access to thousands of domestic goods in that market, which will help in almost doubling the bilateral commerce to $45-50 billion in around five years.
Eurasian Economic Union, Indonesia to start talks on free trade agreement - Commission
6-Dec-2022 Urdu Point
The Eurasian Economic Union (EAEU) and Indonesia have agreed to launch negotiations on a free trade agreement, the first round is scheduled for the first quarter of 2023, the Eurasian Economic Commission (EEC) said.
Bitter friends: Inside the summit aiming to heal EU-US trade rift
5-Dec-2022 Politico
The European Union is up in arms over Biden’s plans for hefty subsidies for made-in-America electric cars, claiming these payments, which partly kick in from January 1, are nothing more than outright trade protectionism.
How Asean can bridge US-China gap and reap economic benefits amid potential flashpoints
5-Dec-2022 South China Morning Post
A ‘non-aligned’ foreign policy is key, as is Asean’s preference for dialogue and cooperation over the intense rivalry of the great powers.
The bare truths about FTAs
2-Dec-2022 The Hindu BusinessLine
That much of world trade happens through free trade agreements and these help boost exports are among myths that need to be busted.
Mexico pauses free trade agreement negotiations with South Korea
2-Dec-2022 Mexico Now
Mexico has paused negotiations for a Free Trade Agreement with South Korea in order to design the objectives it wants to achieve, said minister of Foreign Affairs.
Uruguay applies to join CPTPP in bid for Asian export boost
2-Dec-2022 Nikkei Asia
Uruguay has applied for membership in the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in the South American country’s latest bid to do more trade with Asia.
German parliament ratifies CETA, urges other countries to follow suit
2-Dec-2022 Euractiv
The Bundestag has officially ratified the EU-Canada Comprehensive Economic and Trade Agreement (CETA), which has been under provisional application since 2017.
Kenya anti-tobacco crusaders fault President Ruto’s South Korea deal
1-Dec-2022 The EastAfrican
A group of advocates of tobacco use control has denounced the deal Kenya’s president, William Ruto made with South Korea to enhance tobacco trade, saying it will put more Kenyans at risk of diseases linked to the farming and use of the product.
Cambodia-Korea FTA comes into force today
1-Dec-2022 Khmer Times
The Cambodia-Korea Free Trade Agreement comes into force and will be used by two parties to encourage more investors from The Republic of South Korea to invest in the Kingdom and export products to the Korean counterpart and third countries.