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Could Costa Rica join USMCA?
Costa Rica’s trade czar wants to solidify the country’s relationships with North America’s biggest markets.
Thailand to pursue FTA with China despite nearly US$30 bn deficit
Thailand and China plan to resume bilateral free trade agreement negotiations this year despite Thailand’s mounting trade deficit with China of nearly US$30 billion.
SIFC accelerates implementation of bilateral investment treaty with Saudi Arabia, Qatar
In Pakistan, the Special Investment Facilitation Council gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality.
Panthera subsidiary notifies Indian government over Bhukia dispute
Panthera, a gold exploration company with assets in India, said that its subsidiary Indo Gold Pty Ltd had issued a notice of dispute to the Indian government over the latter’s breach of the 1999 Australia-India bilateral investment treaty.
Mercosur mulls ‘last-chance’ summit to close EU trade deal
South America’s Mercosur countries are considering holding a high-level summit with top European Union officials in Brasília late January or early February in a bid to seal their long-delayed trade agreement.
Iran, EEU sign historic free trade agreement
Iran signed a groundbreaking free trade agreement with the Russia-led Eurasian Economic Union on December 25. The signing ceremony, held in St. Petersburg, marked the culmination of over two years of negotiations and expert deliberations.
China-Nicaragua free trade agreement comes into effect
The FTA provides immediate access to that market for 60 percent of the Nicaraguan products.
China ends preferential tax status for 12 Taiwan goods
China’s State Council said that preferential tax rates on the import of 12 Taiwanese petrochemical products will be suspended on Dec 21, raising concerns in Taiwan about economic impacts and election interference.
Ecuador says it has won international arbitration, will avoid $198 million payment to Worley
Ecuador’s procurator said the country has won an international arbitration and will not be liable to pay $198 million to engineering firm Worley International Services over oil project contracts.
Tanzania commits to pay Indiana Resources $118 million if ...
Tanzania has made a commitment to pay Australian mining firm Indiana Resources Limited and its subsidiaries $118 million if the country loses in the final decision of the annulment application.
UAE and Congo-Brazzaville finalise terms of a Comprehensive Economic Partnership Agreement
The UAE and the Republic of Congo-Brazzaville have concluded the terms of a Comprehensive Economic Partnership Agreement (Cepa)
India takes cautionary stance amid Bangladesh-China trade bloc negotiations
India is evaluating the potential consequences before accelerating FTA negotiations with Bangladesh
Thai PM to visit Sri Lanka to sign FTA
Thailand’s Prime Minister Srettha Thavisin is scheduled to travel to Sri Lanka to sign a free trade agreement (FTA) in February 2024 after the successful conclusion of the latest round of negotiations between the two countries.
GCC inks free trade deal with South Korea
The GCC deepens economic ties with major Asian partners, signing its second FTA this year, highlighting commitment to investment and economic diversification.
A roundup of free trade deals the UK signed in 2023
While work is still underway on securing deals with the USA and India, among others, in 2023, the Australia and New Zealand deals took effect, the UK signed up to the CPTPP agreement.
Britain and Switzerland agree wide-ranging financial services trade deal
Britain and Switzerland signed a wide-ranging financial services deal granting reciprocal market access for their banks, insurers, asset managers and stock exchanges to boost trade and cut compliance costs.
Madrid’s new stance on Western Sahara boosts trade between Morocco and Spain
Trade relations between Morocco and Spain are at an all-time high. Since the government of Pedro Sánchez changed the traditional Spanish position on the Sahara issue, recognising the Moroccan autonomy plan.
Ugandan delegation meet US gov’t officials over AGOA trade termination
Odrek Rwabwogo, Chairperson of the Presidential Advisory Committee on Exports and Industrial Development (PACEID) and Rwabwogo has urged the US government not use disproportionate force against Uganda whose values and relationship have stayed firm on multiple fronts over the years.
Biden administration to remove four African nations from AGOA
In a significant policy shift, the Biden administration has announced the removal of Niger, Gabon, the Central African Republic (CAR), and Uganda from the African Growth and Opportunity Act (AGOA) effective January 2024.
Ethiopia to commence AfCFTA trial implementation soon
Ethiopia will begin the trial implementation of the African Continental Free Trade Area (AfCFTA) agreement soon, according to Ministry of Trade and Regional Integration.