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Katherine Tai on enforcing trade agreements
12-Oct-2022 IELP
The original NAFTA might have had labor and environment rules, but they turned out that they were unenforceable and there were no teeth, said USTR Tai.
Yukos shareholders seek to enforce $50 bln award against Russia in London court
12-Oct-2022 Reuters
Former shareholders of defunct oil giant Yukos asked a judge in London to allow the enforcement of a $50 billion arbitration award against Russia.
UK firms using legal muscle to facilitate human rights and climate abuses – report
12-Oct-2022 The Guardian
Transform Trade charity says British-based companies are among main bringers of cases based on bilateral investment treaties.
Chilean lawmakers approve Trans-Pacific Partnership
12-Oct-2022 Reuters
Chile’s congress voted to approve the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal after four years of legislative debate.
Swiss court rejects Russia’s appeal in Yukos case
11-Oct-2022 Swiss Info
Russia must pay $2.6 billion to Yukos Capital after Switzerland’s highest court rejected an appeal by Moscow.
EU in the driver’s seat on Indo-Pacific trade deals
11-Oct-2022 The Interpreter
The European Union and Australia are now talking up the strategic value of a deal.
BITs with EC, South Asia to continue
11-Oct-2022 The Express Tribune
Pakistani government decides to avoid future investment treaties and cancels agreements posing legal risks.
Japan and the European Union start negotiations to include provisions on the free flow of data into the Japan-EU EPA with the European Union
10-Oct-2022 Ministry of Foreign Affairs of Japan
Japan and the European Union have been exchanging views on the reassessment of the need for including provisions on the free flow of data into the Japan-EU EPA.
UK may join trans-Pacific free trade pact this year: Japan minister
10-Oct-2022 Nikkei Asia
Members of a trans-Pacific free trade pact could agree in principle to allow Britain to join as a new member this year, using the European country’s case as a model for future aspirants, Japan’s economic minister said.
India, Taiwan should finalise FTA as soon as possible: Taiwanese envoy
10-Oct-2022 PTI
India and Taiwan should finalise the proposed free trade agreement at the earliest as it will remove all barriers to trade and investment and help create a secure and resilient supply chain, Taipei’s de-facto Ambassador said.
AfCFTA launches guided trade initiative for seven countries
10-Oct-2022 Xinhua
The African Continental Free Trade Area secretariat based in Accra, the capital of Ghana, has launched a guided trade initiative for seven member countries.
Further studies underway on joining RCEP
10-Oct-2022 The Daily Star
The Bangladesh Trade and Tariff Commission (BTTC) is conducting further studies on possible outcomes of the country joining the world’s largest China-led trade deal, Regional Comprehensive Economic Partnership (RCEP).
Cambodia,​ Emirates to hold talks ahead of CEPA
10-Oct-2022 Khmer Times
Cambodian Minister of Commerce and United Arab Emirates Minister of Foreign Trade plan to hold a meeting in Abu Dhabi City at the end of this month to launch negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
EU races to strengthen trade and diplomatic ties with Indonesia
10-Oct-2022 DW
EU-Indonesia relations have soured over a handful of trade disputes, most of which have gone to the World Trade Organization (WTO) for review. Yet tensions are expected to ease once the WTO makes its recommendations by the end of the year.
Lone Star, other investor-state disputes cost Korea W68.5b
10-Oct-2022 Korea Herald
South Korea has spent nearly 68.5 billion won ($48.1 million) in total to fight and settle investor-state dispute settlements since 2013,#including its battle with US-based private equity firm Lone Star, data showed.
FTA talks face ’deadlock’ over Delhi’s data rules
10-Oct-2022 Tribune India
Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline.
PH-S. Korea free trade deal seen entering into force in 2023
10-Oct-2022 Business Inquirer
The Philippines is eyeing the entry into force of a free trade agreement (FTA) with South Korea next year, with the bilateral pact seen benefiting local banana and processed pineapple exporters in the form of reduced tariffs.
UK may have extra momentum for CPTPP bid - Trade Minister Damien O’Connor
7-Oct-2022 NZ Herald
The chaotic events in Britain this week have put pressure on the UK to complete its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership soon, but New Zealand is not the blockage.
New Zealand and India call off free trade agreement talks
7-Oct-2022 Indian Newslink
New Zealand and India formally announced today an end to their talks on a free trade agreement, concentrating instead on ‘business relationship.’
Withdraw ratification of ‘costly’ CPTPP, says CAP
7-Oct-2022 FMT
The Consumers’ Association of Penang wants Malaysia to withdraw from the CPTPP before it comes into force in 60 days as it says the free trade agreement has “far more costs than benefits”