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USTR announces new declaration on good regulatory practices
Many trade agreements in the Hemisphere, such as the USMCA, MERCOSUR, the Pacific Alliance, as well as other bilateral arrangements, contain provisions on good regulatory practices.
Croatia loses international arbitration against Hungary’s MOL over gas business
Croatia has lost an international arbitration case launched by Hungarian oil and gas group MOL over Zagreb’s failure to fulfil obligations under an agreement about the gas business of the jointly owned Croatian oil company INA.
Bahrain found liable for indirect expropriation for putting Iranian-controlled Future Bank under administration
A tribunal awarded a sum of EUR 243 million plus interest to Bank Melli Iran and Bank Saderat Iran in their investor–state dispute against the Kingdom of Bahrain.
NAFTA tribunal in Westmoreland v. Canada declines jurisdiction, finding that the claimant did not own or control the investment at the time of the alleged breach
The dispute pertained to an investment made by Westmoreland Coal Company, a US‑incorporated company, in two Canadian enterprises in April 2014.
PH ready to sign free trade pact with S.Korea
The Philippines’ free trade agreement (FTA) with South Korea is inching closer to formalization with the initial signing of the economic pact seen within the next two weeks.
OECD conference on investment treaties and climate change policy
Experts took particular concern with the fact that most investment treaties do not oblige arbitrators to take into account international agreements on climate change when adjudicating cases.
IPEF negotiations expected to start in August
The US and South Korean governments are expected to initiate negotiations on the framework proposed by US President Joe Biden in August (2022).
Iran, EAEU continue negotiations on free trade agreement
Iran and the Eurasian Economic Union representatives have gathered for the fifth round of negotiations on upgrading the current preferential trade agreement between the two sides into a free trade agreement.
ITACO launches multi-billion dollar arbitration against Vietnam
Tan Tao Investment & Industry Corporation launched a billion-dollar arbitration proceeding against Vietnam under the agreement between the United States and the Socialist Republic of Vietnam.
Brazil wants more trade, investment with Arab countries, says official
Brazil wants to expand trade and investment with Arab countries, said a government official, amid ongoing talks for commercial agreements with Saudi Arabia, Lebanon and the United Arab Emirates.
Ascent starts mediation process in Slovenian partner dispute
UK-listed Ascent Resources and its Slovenian joint venture partner Geoenergo have initiated the mediation process under a dispute resolution mechanism.
Jokowi, Putin meeting touches on possible Indonesia-EAEU free trade zone
The Indonesian President and Russian President Vladimir Putin in Moscow talked about establishing a free trade zone between Indonesia and the Eurasian Economic Union (EAEU).
Six reasons NOT to ratify the EU-Mexico Global Agreement
Statement of the Mexican, European and international civil society, 4 July 2022
European Parliament pushes for a new trade deal with Africa
The vote on the “Future of EU-Africa trade relations” focuses on five key themes: infrastructure, food security, civil society, fair trade agreements and sustainable economic development.
Algerian trade cut off with Spain: Spanish companies with interests in Algeria should take measures to manage their risks
Spain’s recognition of the autonomy plan for Western Sahara proposed by Morocco has escalated diplomatic tensions between Spain and Algeria.
Kingdom, Mongolia eyeing deal to up trade, investment
Cambodia and Mongolia are looking to sign a memorandum of understanding (MoU) to enhance bilateral trade and investment ties.
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
The British Indian Minister welcomes the opening up of the Indian insurance market.
Peru’s ambassador to China: “The FTA with China is becoming obsolete”
Peru’s ambassador to China says Peru should strengthen bilateral relations and trade, and need to update its free trade agreement with China.
Biden’s Indo-Pacific Economic Framework is a paradigm shift
The United States can no longer afford to buy geopolitical allies with market access.