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Discussions on India-Bangladesh Economic Partnership Agreement to begin soon: Modi
India and Bangladesh will soon begin discussions on a bilateral economic partnership agreement, Prime Minister Narendra Modi said on 6 September 2022.
Reforming international investment law for climate change goals
Existing international investment agreements providing for investor–state dispute settlement fail to advance climate goals and can effectively hinder states’ climate action.
Understanding the proposed Bangladesh-India Comprehensive Economic Partnership Agreement (CEPA)
The proposed CEPA between Bangladesh and India has three dimensions: Trade in goods, trade in services, and investment.
Q & A on IPEF (“Indo-Pacific Economic Framework for Prosperity”)
The IPEF is the US’s latest strategy to be the global rule-maker on trade, food production, digital and data, the climate crisis, regulating services, corporate power to influence new laws, multinationals’ tax rates, and much else.
Korea on alert over 6 more investor-state suits following Lone Star ruling
The total amount of claims asked by claimants against the Korean government exceeds $1.2 billion.
US looking to lock in Pacific with new economic framework
This week Trade Ministers from eleven countries will meet with the view to launch negotiations for an Indo-Pacific economic agreement.
‘FTAs with UK, Canada to be sealed in 2022’
India’s free trade pact negotiations with the United Kingdom are ‘within touching distance’ of a deal and a similar deal along with a bilateral investment treaty with Canada is expected to be concluded by December, its top trade official said.
Some implications of the digital economy paragraph of the leaked draft ministerial text for IPEF trade pillar
The US will host the first in-person IPEF Ministerial meeting in Los Angeles from 8-9 September 2022, which is expected to launch formal negotiations. Some countries may decide not to remain involved in some or all of the IPEF’s “pillars”.
Poland drafts law to ‘terminate’ controversial Energy Charter Treaty
The draft law on the “termination of the of the Energy Charter Treaty” and its protocols was agreed by the Polish government on 10 August and sent to the country’s lower chamber.
UAE aims to finalise free trade deal with Turkey in coming weeks, official says
The United Arab Emirates aims to finalise a free trade agreement with Turkey in the coming weeks, the Emirati trade minister said, roughly four months after negotiations launched.
EAC-COMESA-SADC tripartite not ratified 7 years on
The EAC-COMESA-SADC Tripartite FTA agreement has a total of 29 member countries representing 53% of the AU membership and more than 60% of the Africa Continent GDP ($1.88 Trillion) with a population of over 800 million people.
New model bit for African states facilitates counterclaims against foreign investors
In recent years, in certain investment arbitration proceedings, States have brought counterclaims alleging that foreign investors had failed to comply with corporate social responsibility principles. In all but two cases, these counterclaims have been unsuccessful.
Ratification of RCEP and Indonesia-Korea CEPA is not democratic and violate public rights
The Civil Society Coalition for Economic Justice condemned the plenary session of the Indonesian House of Representatives which ratified the Regional Comprehensive Economic Partnership and the Indonesia-Korea CEPA agreement.
Iran, Vietnam stress need to start negotiation on signing a PTA
Vietnam’s and Iran’s top officials stress the need to begin official negotiations for signing a preferential trade agreement between the two countries.
South Korea to appeal international tribunal’s order to pay Lone Star By Kim Arin
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
Green hydrogen opportunities for Aust, UK
Under the free trade agreement, the two nations have pledged to work together in developing and accelerating cost-effective low and zero emissions technologies as well as supporting clean and renewable energy sources and infrastructure.
S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit
An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds US$216.5 million, bringing an end to a decade long legal battle surrounding its sell-off of a local bank.
Canada challenges US softwood lumber duties under USMCA trade pact
International Trade Minister Mary Ng says Canada is formally initiating a challenge against “unwarranted and unfair” U.S. duties on Canadian softwood lumber.
Minister says inflation law ‘highly likely’ to violate FTA
South Korean Minister of Trade Industry and Energy said the US Inflation Reduction Act that bans tax benefits for electric vehicles built outside of North America is highly likely to breach the US-Korea FTA and WTO rules.
Indonesia parliament approves membership of China-backed regional trade deal
Indonesia’s parliament passed a law cementing the country’s membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world’s biggest trade bloc.