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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.
FTA between China, New Zealand now in full implementation: Chinese Embassy
12-Jan-2024 Ecns
All dairy products exported from New Zealand to China are now able to enter China duty-free and quota-free.
UAE, Costa Rica agree terms on a comprehensive economic partnership agreement
12-Jan-2024 Arab News
The UAE Minister of State for Foreign Trade and his Costa Rican counterpart have signed a joint statement confirming the conclusion of negotiations toward a comprehensive economic partnership agreement.
Tribunal reject first ICSID claim brought against Norway
12-Jan-2024 Essex Court Chambers
Peteris Pildegovics and SIA North Star argued that Norway had violated the BIT between Latvia and Norway in relation to alleged investments of the claimants in snow crab harvesting licenses and harvesting vessels.
Africa Collective in partnership with the AfCFTA secretariat to convene key African & global decision makers in Davos during annual luncheon
11-Jan-2024 Business Insider Africa
Following a successful inaugural Luncheon in 2023, Africa Collective in partnership with the AfCFTA Secretariat will once again be organizing its annual Closing & Outlook Luncheon in Davos on 18 January 2024 from 12:30 noon to 2:30 pm, during the time of the World Economic Forum.
Taiwan slams China for mulling further suspension of tariff cuts
11-Jan-2024 Nikkei Asia
Taiwan slammed China’s decision to study measures to suspend tariff concessions on more Taiwanese imports after the mainland scrapped preferential tariffs on a dozen chemical products from the island from the start of the year.
Customs, AfCFTA lament low intra-African trade volume
11-Jan-2024 The Guardian
The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has lamented the low trade volume in Africa and the stagnant growth in the continent’s trade.
Deadlock as member states disagree over withdrawal from Energy Charter Treaty
11-Jan-2024 Euronews
Decision on whether to part from treaty remains in limbo, with some EU countries wanting to stay and others having already departed.
UAE concludes CEPA negotiations with Congo-Brazzaville
11-Jan-2024 Gulf Business
The UAE has completed bilateral trade negotiations with Congo-Brazzaville, the second Comprehensive Economic Partnership Agreement (CEPA) agreement with an African state in a week.
Ethiopia working aggressively to finalize its accession to WTO, implement AfCFTA
11-Jan-2024 ENA
Ethiopia is aggressively working to finalize its accession to the World Trade Organization (WTO) in the coming three years, Minister of Trade and Regional Integration, Gebremeskel Chala remarked.
India won’t resume FTA talks with Canada anytime soon as solution eludes Khalistan issue: Source
11-Jan-2024 Money Control
India has no plans to resume negotiations for a free trade agreement with Canada anytime soon since both sides are yet to find a political solution over the issue of Khalistani activities.
Brazil’s Lula, Japan’s Kishida discuss potential Mercosur trade deal
11-Jan-2024 Reuters
Brazil President Luiz Inacio Lula da Silva discussed with Japanese Prime Minister Fumio Kishida a potential trade deal between Japan and South American bloc Mercosur, the Brazilian government said.
Al Habtoor group issues a notice of an investment dispute against Lebanon
10-Jan-2024 Al Habtoor
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.
African governments to consider charter to facilitate trade
10-Jan-2024 GBC
The Africa Private Sector Summit has called on African governments to consider the adoption of a Charter on Private Sector Bill of Rights to facilitate the emergence of an enabling environment for trade and investment on the continent.
Ethiopia cautious over potential revenue losses under AfCFTA
10-Jan-2024 The Reporter
Ethiopia’s trade negotiators are taking cautious steps to minimize revenue losses from the impending full implementation of the African Continental Free Trade Area (AfCFTA).
Canada and US governments shut down ability of Canadian NGOs to comment in trade dispute over Mexico’s GM corn ban
10-Jan-2024 CBAN
A trade dispute panel has rescinded an invitation to Canadian non-governmental organizations (NGOs) to submit official comments in the dispute under the Canada-US-Mexico Trade Agreement (CUSMA) over Mexico’s phase-out of genetically engineered (genetically modified or GM) corn.
The potential impact of AfCFTA on social security and inclusive development
10-Jan-2024 Africa Forbes
The African Continental Free Trade Area (AfCFTA) has been touted as the key to unlocking the continent’s economic fortunes. Yet, in a continent that grapples with extreme poverty and inequality, what does this tangibly mean?