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India, European trade bloc close to inking deal after 16 yrs of talks
22-Jan-2024 The Times of India
European Free Trade Association (EFTA), the four-nation trading bloc comprising Switzerland, Norway, Iceland and Liechtenstein, is close to signing a trade agreement with India.
Sri Lanka and Thailand set to sign landmark free trade agreement
22-Jan-2024 BNN Breaking
Sri Lanka and Thailand are set to sign a Free Trade Agreement (FTA) on February 3rd, a strategic play expected to bolster bilateral trade to over US$ 1.5 billion. The signing ceremony will witness the presence of Thailand’s Prime Minister, Srettha Thavisin, on his visit to Sri Lanka.
EFTA and India meet in Delhi for 21st round of negotiations towards a Trade and Economic Partnership Agreement
19-Jan-2024 EFTA
Delegations from the European Free Trade Association (EFTA) States – Iceland, Liechtenstein, Norway and Switzerland – and India gathered in Delhi from 8 to 13 January 2024 for an intense 21st round of negotiations towards a trade agreement.
India did well in not joining RCEP
19-Jan-2024 The Hindu BusinessLine
In the two years since it came into force, RCEP has benefited China much more than other member nations.
The USA’s removal of Uganda, Niger, Gabon and the Central Africa Republic from the AGOA has only a limited impact
17-Jan-2024 CREDENDO
The USA’s removal of Uganda, Niger, Gabon and the Central African Republic from the AGOA has only a limited impact.
24 more African countries join AfCFTA pilot initiative – Report
17-Jan-2024 Punch
The African Continental Free Trade Agreement received a significant boost as twenty-four more countries join the Guided Trade Initiative, moving the continent closer to fully integrating into a single market.
Islamabad accepts Riyadh-Doha term to allow international arbitration incase of dispute
17-Jan-2024 The News
Pakistan has negotiated to include a graduated approach for settlement of investment disputes between the state and investors.
Majority of India-UK FTA issues either closed or at advanced stage of talks: Official
17-Jan-2024 Financial Express
The discussions on the majority of policy areas in the free trade agreement (FTA) with the UK have either been closed or are in an advanced stage of negotiation.
Hong Kong investors plan AT1 action against Switzerland
16-Jan-2024 Nikkei Asia
Investors in Hong Kong are preparing to file a request for arbitration against the Swiss government for writing off the AT1 bonds issued by Credit Suisse, claiming the move was at odds with a bilateral investment treaty between the jurisdictions.
TUC and unions in Turkey call for trade talks to be suspended
16-Jan-2024 TUC
The TUC and our sister trade union confederations in Türkiye KESK and DISK issued a statement in January 2021 calling for the UK-Türkiye trade agreement signed in 2020 to be suspended due to abuses of labour and human rights in Türkiye.
Australia announces trade deal negotiations with UAE, despite human rights and labour concerns
16-Jan-2024 AFTINET
Critics have highlighted that the UAE is only Australia’s 19th largest trading partner, and have said that the economic benefits are outweighed by the reputational risk Australia takes by implicitly endorsing the UAE’s poor human rights and labour practices through an FTA.
EU urged to conclude Mercosur trade talks amid environmental concerns
16-Jan-2024 Dairy Reporter
A total of 23 trade bodies have called for the swift approval of the EU-Mercosur free trade agreement, which will make it easier to export EU agri-food products including key dairy commodities to Argentina, Brazil, Paraguay and Uruguay and vice versa.
US agrees preliminary deal with Africa on extending AGOA by 10 years, says Patel
15-Jan-2024 News24
The US has reached preliminary agreement with African nations to extend their preferential trade access by another decade, pending approval by Congress, South Africa’s trade minister said.
European Commission publishes model BIT clauses between EU member states and third countries
15-Jan-2024 IISD
In September 2023, the European Commission has unveiled a non-paper presenting model clauses for BITs between EU member states and third countries.
Azerbaijan initiates arbitration proceedings against Armenia
15-Jan-2024 Azer News
A procedural session was held at the headquarters of the Permanent Court of Arbitration in The Hague within the framework of the interstate arbitration initiated by Azerbaijan against Armenia based on the Energy Charter Treaty.
A ‘giant’ of Canadian politics: Ed Broadbent’s mixed legacy on social democracy and free trade
15-Jan-2024 The Conversation
The extreme income disparity and political polarization we see today, at least in part, is the direct result of the path we took in 1988 when Canada signed a free trade deal with the US.
How wealthy corporations use investment agreements to extract millions from developing countries
15-Jan-2024 Inside Climate News
When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
Philippines pressing for expedited resolution to Japan FTA talks
15-Jan-2024 Business World
The Department of Trade and Industry (DTI) of Philippines is pressing for a swift conclusion to the renegotiation of the PJEPA. Concerns include improved market access for Philippine bananas and Japan seeking better market access for its industrial goods.
New rounds of India-Oman FTA talks from January 16
15-Jan-2024 Zawya
India and Oman are set to begin new rounds of talks for a Comprehensive Economic Partnership Agreement (CEPA), a proposed free trade agreement, starting on January 16.
Thailand forges ahead with free trade pacts to ignite economic growth
15-Jan-2024 The Nation
Thailand is actively negotiating 11 free trade agreements (FTAs) in a bid to expand trade, attract investment and bolster the country’s revenue streams. Thai government also plans to hold hearings among stakeholders to ensure advantages extend to the Thai population.