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Trudeau says government ’still in discussions’ with US on USMCA signing
With roughly three hours to go before boarding a flight to Argentina for a meeting of G20 leaders, Prime Minister Justin Trudeau said this afternoon Canada is "still in discussions with the Americans" about signing the revised NAFTA at the summit.
Land reform blow: Zimbabwe must pay foreign investor US$195m; World Bank unit dismisses Harare’s bid to annul award
The ICSID has rejected Zimbabwe’s application to annul an US$195 million award to a German family whose property was expropriated under the controversial land reform programme.
Ukraine’s Oschadbank awarded $1.3 bln from Russia over Crimea loss
Ukraine’s Oschadbank has been awarded $1.3 billion by an international arbitration court in respect of the bank’s claims against Russia to compensate for loss of business and assets in Crimea following Moscow’s annexation of the peninsula in 2014.
US companies want Japan trade deal to cover services
US businesses are seeking a comprehensive trade deal with Japan that also includes services and investments even as Tokyo tries to limit the scope of upcoming bilateral talks to goods only.
Korea, Chile hold talks to update FTA
South Korea and Chile opened their first round of talks to revise their bilateral free trade agreement to reflect changes in the market over the past 15 years.
Indonesia and Algeria step up trade and investment
Indonesia and Algeria have made a commitment to increase bilateral trade and investment.
US meat body outlines Japanese trade priorities
The North American Meat Institute called for US beef and pork exports to receive the same tariff benefits that have been granted to competitors under the Trans-Pacific Partnership.
North American free trade deal to be signed in Argentina: Kudlow
The new North American Free Trade Agreement, which binds Canada, the United States and Mexico, will be signed on the margins of the G20 summit in Buenos Aires
Trade talks: Government study to weigh RCEP impact
Concerned over domestic resistance to the RCEP agreement, and pressured by RCEP partners to extend greater commitment to liberalise its goods trade, India has decided to conduct a study on potential gains or losses to its economy from such a pact.
India to push for better deal with China under RCEP
In services sector, India is pushing for business visitor commitment for smooth movement of professionals, according to the government official.
The EU’s trade challenge
The international trading system is facing a crisis – but protectionism isn’t the biggest test EU leaders must deal with.
Dairy push for Peru FTA to be signed
Failure to ratify the Peru-Australia free trade agreement this year will cause major agricultural industries to miss out on improved market access and tariff cuts, says the country’s peak dairy group.
Venezuela pays miner $425 million in move to safeguard Citgo
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that’s laying claim to the assets of the parent of refiner Citgo Holding Inc. if it’s not paid in full.
NZ consults on a new free trade agreement with the UK
The government of New Zealand is seeking views about a free trade agreement with the UK and issued a call for written submissions.
Indonesia to sign free trade deal with EFTA countries in December
The Indonesian government has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, a final agreement is due to be signed in December.
Abritration Court awards South American Silver $28 million for Malku Khota in Bolivia
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.
Indonesia and RCEP: Beware the public health risks
Proposals from Japan and South Korea would require patent law changes in several RCEP countries, including Indonesia.
Chile and Brazil sign free trade agreement in Santiago
Chile and Brazil have signed a free trade agreement that scraps red tape and tariffs between the two South American economies.
Uruguay faces arbitration claim over collapsed airline
A Panamanian holding company has threatened to bring an arbitration claim against Uruguay over the renationalisation of an airline.
The case of Ampal v Egypt: What are the parameters of the due diligence standard?
A reasonable ICSID Tribunal would have followed the paths of previous arbitral decisions in determining the liability of a host state under the Full Protection and Security obligation, the Ampal Tribunal did not.