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Nicaragua and China speed up implementation of free trade deal
This Central American country signed the "Early Harvest Agreement", a trade instrument whose objective is to facilitate the bilateral exchange of agriculture-related goods by establishing preferential tariffs.
Dutch Senate approves European free trade agreement with Canada
A majority in the upper house of Dutch parliament voted to approve the European free trade agreement with Canada.
Costa Rica hopes to join TPP free trade deal
Costa Rican President has expressed hope that the Central American country will start negotiations to join the 11-country Trans-Pacific Partnership free trade deal.
EU-New Zealand FTA text (Jul 2022)
S. Korea, Ecuador to resume official talks for trade deal in 6 years
South Korea and Ecuador will resume official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul’s trade ministry said.
On the trade deal with the Europeans
The official EU commentary on the deal mentions (a) the wider political ties that New Zealand has with Europe, and (b) NZ’s welcoming mat to Europe’s foreign investors.
’Digital sovereignty must be at core of Pacific e-commerce strategy’
The Pacific regional e-commerce strategy needs to be revised as it denies Pacific Island Countries their sovereign right to manage their digital domains, including data, a new report has found.
EU-India trade talks: base them on values, says Parliament
EU Parliament states it welcomes the restart of talks on a trade agreement with India, and should happen only as long as European values and standards, including rule of law, democracy, as well as human, women’s and labour rights, are respected.
Trade Minister discusses RCEP bill, IK-CEPA with House
Indonesia Trade Minister discussed the bill of the Ratification of the RCEP and the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) with the House of Representatives (DPR RI).
Malaysia, Turkiye to expedite negotiations on free trade agreement expansion
Malaysia and Turkiye have committed to continue to work expeditiously to accelerate the completion of negotiations on the expansion of the Malaysia-Turkiye Free Trade Agreement (MTFTA) as soon as possible
Africa: Weaponizing Free Trade Agreements
In April 2021, Secretary of State Antony Blinken confirmed US-Kenya FTA talks would resume. Observers believe the US-Kenya FTA, initiated by Trump in 2020, would help expand US ’carrot and stick’ trade and security policies on the continent to counter China.
Fossil fuel investment protection – it’s time for actions to speak louder than words
Political leaders and companies who are major contributors to climate change have expressed increasing commitment to playing a role in addressing climate change, but there appears to be a gap between these sentiments and negotiations...
Nigeria eyes global energy charter for investments
Nigeria is targeting to be part of the International Energy Charter (IEC), a global community that will enable it to attract Foreign Direct Investments (FDI) to accelerate power sector development.
Will Biden’s proposed Latin America deal seek to repair past ‘free trade’ failures?
President Joe Biden announced the launch of a new economic proposal called the Americas Partnership for Economic Prosperity to deepen economic ties in the hemisphere.
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.