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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?
India-UK FTA: Next round of talks for free trade agreement from Wednesday
10-Jan-2024 Financial Express
These negotiations would focus on complex issues in the areas of goods, services, and investment. Issues that are pending include duty cuts on electric vehicles, whiskey, and the movement of professionals.
Commerce chief signs HK-Asean FTA protocol
10-Jan-2024 The Star
This will enable Hong Kong businesses to more easily and effectively gain Hong Kong-originating status for more of their products, providing them with preferential tariff treatment when expanding into the growing Asean market.
The EU-Mercosur deal would be a setback for people and planet – let’s put it in the past
10-Jan-2024 The Greens/EFA
Time to call off this deal. Free-traders have been pushing desperately but the mobilisation for the environment and social rights has worked and the Commission has been unable to sign the deal this autumn.
Scholz, Milei in favour of a swift conclusion to EU-Mercosur deal
10-Jan-2024 Buenos Aires Times
President Javier Milei spoke with German Chancellor Olaf Scholz, with the two calling for a swift conclusion to the European Union-Mercosur trade deal.
How Uganda AGOA ban impacts East Africa investments
10-Jan-2024 The East African
The decision by the Biden administration to kick out Uganda from its African Growth and Opportunity Act (Agoa) programme could have far-reaching consequences on the investment climate in the East African region.
AGOA trade program adjustments: what they could mean for US-Africa relations amid global power shifts
10-Jan-2024 Africa Forbes
The United States’ recent modifications to the African Growth and Opportunity Act (AGOA) signal a significant shift in its trade relations with Africa, intertwined with broader geopolitical implications and the emerging contest for influence on the continent. Experts weigh in.