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Biden’s Indo-Pacific Framework: ‘Cloud cuckoo land’
Asian and American trade experts characterize the framework as “weak tea,” consisting of “all of the things the US considers important” but little for Indo-Pacific nations in return for their membership obligations.
Govt to seek IPR views from stakeholders for FTAs
With a handful of free trade agreements (FTA) with key trade partners under negotiation, the Ministry of Commerce and Industry will seek stakeholder views on intellectual property rights (IPR) related issues to firm up its position during such discussions in the coming months.
Honduran government repeals ZEDEs law amid warnings of free trade agreement rights and arbitration
The ZEDEs are free from import and export taxes, but could set up their own internal forms of government, as well as courts, security forces, schools and even social security systems.
Australia-India FTA (Apr 2022)
India, EU to hold talks on FTA in June, set 2023-2024 target
India and the European Union are set to hold an initial round of negotiations on a Free Trade Agreement in June with the aim of concluding an FTA by late 2023 or early 2024, EU Ambassador to India said.
Australia hopes digital trade agreement with India by the year-end
Australia expects to sign a Comprehensive Economic Cooperation Agreement with India by the year-end, which will include a deal on digital trade that it said will further facilitate bilateral trade.
EU-Mercosur trade deal to clear environmental hurdles this year, EU commissioner says
The European Union and the South American trade bloc Mercosur could by year’s end resolve environmental concerns that are holding up a free trade agreement, EU Commissioner Virginijus Sinkevicius said.
India-UAE trade pact comes into force
The UAE is the second or third largest trading partner of India and that country is a gateway to the middle east, North Africa, Central Asia and sub-Saharan Africa.
Ardern confirms interest in US economic framework
Speaking to a US business summit, Jacinda Ardern has confirmed NZ interest in a major economic initiative out of Washington while calling on the US to be more engaged in the region on trade
Farmer union rep vows Indian people will resist FTAs
Interview with Vijoo Krishnan, joint secretary of All India Kisan Sabha (or All India Peasants Union) regarding current India FTAs negotiations.
UK starts new post-Brexit trade talks with Switzerland
The UK wants tariff-free trade - now less than half the £35 billion in bilateral trade with Switzerland - to cover its ‘superpower’ services sector.
Argentina to appeal court ruling ordering it to pay millions to Casinos Austria
After years of dispute, the ICSID ruled last November that the province of Salta must pay an eight-figure sum as compensation. Argentina has only now decided to appeal the decision.
Iran, EAEU bloc continue free trade deal talks in Russia
Iran and the Eurasian Economic Union (EAEU) have held a fresh round of talks aimed at finalizing a free trade agreement that could lead to a major expansion in economic exchanges between the two sides.
Israel ratifies free trade agreement with South Korea
Israel is accelerating efforts to sign free trade agreements with East Asian economic powers and Israel’s vehicle market is likely to benefit from this over the coming months.
S. Korea presses US to ratify key international labor conventions
With the Korean government last year having ratified three conventions, including one prohibiting the use of forced labor, it has now ratified seven of eight core ILO conventions. Meanwhile, the US has ratified only two.
ASEAN-Canada FTA negotiations expected to conclude during next Presidential term
The Department of Trade and Industry (DTI) said the conclusion of negotiations with Canada for a free trade agreement (FTA) with the Association of Southeast Asian Nations (ASEAN) is expected to come some time after the Duterte administration steps down on June 30.
Business group blasts Mexico’s new lithium law as violating trade deal
A Mexican law that nationalizes its future lithium industry violates its trade obligations under the CPTPP, the International Chamber of Commerce said.
Energy Charter Treaty fundamentally incompatible with EU law, study finds
Withdrawal from the Energy Charter Treaty (ECT) is the only realistic way for the European Union to fix the outdated treaty’s incompatibility with the EU’s own laws, a new in-depth legal study has found.
US, UK trade officials to meet for 3rd round of talks in Boston
US and British trade officials will meet again in Boston in June to continue their dialogue on strengthening trade ties.
UAE and Turkey aim to double bilateral trade - minister
The United Arab Emirates (UAE) and Turkey have officially launched talks on a Comprehensive Economic Partnership Agreement.