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Africa’s free trade agreement gets locked down for the year
27-Apr-2020 Daily Maverick
The AfCFTA has been put on ice until the coronavirus has been defeated, the Secretary-General of the AfCFTA secretariat says.
Argentina to exit Mercosur trade talks to focus on problems at home
27-Apr-2020 Financial Post
Argentina has decided to withdraw from ongoing trade negotiations with regional bloc Mercosur as it turns its focus on the growing economic crisis at home.
UN tribunal rules against Canada’s Edgewater in legal battle with Spain
27-Apr-2020 Mining.com
An arbitration tribunal ruled against Canadian company Edgewater Exploration in its long-standing legal battle with Spain related to the Corcoesto gold project in the northwestern region of Galicia.
New N. America trade deal to take effect July 1: US
27-Apr-2020 RFI
The new free trade deal between the United States, Mexico and Canada will enter into force on July 1, the office of the US trade representative said.
Second round of post-Brexit trade talks makes limited progress
27-Apr-2020 Outlook India
The first week of talks on a permanent post-Brexit trade deal between the European Union and the United Kingdom ended with "limited progress" and vast differences remained.
India skips another round of RCEP trade talks
27-Apr-2020 The Mainichi
India sat out the latest round of negotiations for an envisioned 16-nation regional free trade agreement.
Cabinet to mull joining Pacific trade pact
27-Apr-2020 Bangkok Post
The Commerce Ministry is pushing for cabinet approval for Thailand’s bid to join the (CPTPP) amid fierce opposition from civil groups which have argued the move will have an adverse impact on food security and access to medicines.
Why China – not the US – remains key to Asia’s trade and economic recovery after Covid-19
27-Apr-2020 South China Morning Post
China’s economy is expected to grow this year, it is capable of generating the jobs and trade needed for recovery, and looks ready to lead. In contrast, the US economy is shrinking and champions of free trade and investment are lacking.
Thailand loses US free trade benefits worth billions of baht
27-Apr-2020 The Thaiger
Thailand loses duty free access for 42.2 billion baht in exports to the US market from today, unless the kingdom committed to labour rights reforms.
Mexico eyes agreement to end virus-induced disruptions to US-Mexico supply chains
24-Apr-2020 Reuters
Lopez Obrador said the government was reviewing the matter in the context of the entry into force of the United States-Mexico-Canada Agreement, a trade deal due to replace the 1994 NAFTA.
Eni and Naturgy’s Damietta gas plant deal with Egypt falls through
24-Apr-2020 Nasdaq
In the meantime, Naturgy said it would go back to pursuing a legal claim to $2 billion in compensation its joint venture with ENI was awarded in the case by the World Bank’s ICSID in 2018.
Sadc takes over Tripartite economic group leadership
24-Apr-2020 Chronicle
Under market integration, 22 countries out of 28 have now signed the TFTA Agreement, while eight have signed and ratified.
Edgewater announces Corcoesto S.A. arbitration decision
24-Apr-2020 Yahoo
The Tribunal upheld, by majority in a 2 to 1 decision, one jurisdictional objection by Spain and dismissed the claim on that basis.
E Energija vs Republic of Latvia
24-Apr-2020 Global Legal Chronicle
E Energija received an award of EUR 3.1 million, following ICSID’s April 8 rejection of Latvia’s appeal for annulment of the tribunal’s 2018 award.
S. Korea to deepen economic ties with developing economies amid pandemic
24-Apr-2020 Yonhap News Agency
South Korea said will expand economic ties with developing nations to overcome the looming protectionism around the globe amid the new coronavirus pandemic.
Ecuador will approve the trade agreement with EFTA
23-Apr-2020 Fresh Plaza
The plenary session of the Assembly will process the agreement between Ecuador and the European Free Trade Association, after having the Constitutional Court approved it.
Business leaders, others seek delay in AfCFTA’s implementation
23-Apr-2020 This Day
Some members of the organised private sector and experts in international trade in Nigeria have called for the postponement of the take-off of the African Continental Free Trade Area agreement
Corporations prepare to sue over action to save lives as pandemic reveals trade flaws
23-Apr-2020 The Conversation
Global companies are positioning themselves to use little-known rules in trade agreements to claim millions of dollars in compensation for restrictions imposed during the pandemic.
India plans to resume trade dialogue with China once Covid situation stabilises: Envoy Misri
23-Apr-2020 The Print
India plans to resume discussion on “outstanding trade issues” with China, including those related to the RCEP, once the Covid-19 situation stabilises.
US pressures Mexico to reopen plants amid worker walkouts
22-Apr-2020 AP
The US pressed Mexico to reopen border assembly plants that are key to the US supply chain, as part of the North American free trade zone.