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Trade issues between South Korea and US threaten to scuttle KORUS FTA negotiations
21-Feb-2018 Hankyoreh
The emergence of a number of trade issues involving South Korea and the US – including a plan being mulled over by the US to slap tariffs on South Korean steel and GM Korea’s threat to close a factory in South Korea – is creating uncertainty about the future of the Korea-US Free Trade Agreement (KORUS FTA), just before the third round of negotiations aimed at revising the agreement.
Civil society set out demands at EU-Indonesia trade negotiations
21-Feb-2018 Friends of the Earth Europe
The next round of negotiations for a free trade agreement between the EU and Indonesia start today in Solo, Indonesia. Civil society organisations from Europe and Indonesia, including Friends of the Earth Europe and Friends of the Earth Indonesia, will meet in parallel to discuss the consequences of a potential agreement.
Suspend Indo-Sri Lanka Economic and Technology Co-operation Agreement (ETCA) talks: PNF tells President of Sri Lanka
21-Feb-2018 Mirror Citizen
Professionals’ National Front (PNF), a collective of professional organizations, yesterday requested President Maithripala Sirisena to suspend talks on the Indo-Sri Lanka Economic and Technology Co-operation Agreement (ETCA) scheduled for February 21 in New Delhi.
Hong Kong gold exchange seeks to create gold trading corridor along Belt and Road
20-Feb-2018 South China Morning Post
The Chinese Gold & Silver Exchange Society (CGSE), Hong Kong’s gold exchange, is in talks with Singapore, Myanmar and Dubai to establish a gold commodity corridor to promote yuan-denominated products under China’s Belt and Road Initiative, according to its president Haywood Cheung Tak-hay.
Interview: Japan hopes US returns to TPP but overhaul tough - negotiator
20-Feb-2018 Reuters
Japan’s chief negotiator for the Trans-Pacific Partnership (TPP), Kazuyoshi Umemoto, told Reuters that an agreement among the remaining 11 member nations, set to be signed next month, may have had an impact on the United States.
Glencore, Randgold form group to challenge Congo law changes
19-Feb-2018 Bloomberg
Randgold is considering launching international arbitration if Congolese President gives his assent to the legislation.
S. Korea, five central American countries to discuss cooperation
19-Feb-2018 Yonhap
The officials will likely discuss the impact that the trade agreement could have on their economic and business relations.
Churchill claims "unfair arbitration" in Indonesia legal battle
19-Feb-2018 London South East
Churchill Mining updated the market on the progress made in its attempts to annul an international tribunal’s award against it.
Gambia gov’t spends two billion dalasis on arbitration cases!
19-Feb-2018 Freedom Newspaper
How can the Goverment risk billions of dalasis in arbitration costs, once more, with Africa Petroleum? What money will pay for this trial?
Next Nafta talks scheduled to start with auto content rules
19-Feb-2018 Bloomberg
Seventh round set to run Feb. 25 to March 5 in Mexico City. Rules of origin to be one of most discussed issues in talks.
Devil will be in the detail for Belt and Road courts
19-Feb-2018 Myanmar Times
The new Belt and Road courts could complement existing common law-based arbitration institutions and widen the choices for project parties, but the devil could be in the detail, such as the structure, composition of judges and governing rules, experts have warned.
Moving forward in global trade
19-Feb-2018 Bangkok Post
Thailand has entered into negotiations for a number of free trade agreements (FTA). Its first FTA was the Asean Free Trade Area, signed in 1992. The country has six FTAs with India, Australia, New Zealand, Japan, Peru and Chile.
Moon sees Korea-US FTA as unfair deal: Cheong Wa Dae
19-Feb-2018 Yonhap
The president believes the Korea-US FTA is unfair largely in that the FTA precedes all other laws in South Korea, but in the US, federal law comes before the FTA
Indonesia, EU kick off 4th round of I-EU CEPA talks
19-Feb-2018 Jakarta Post
The major issue for Indonesia is a trade barrier for Indonesian palm oil following the decision by the EU Parliament on Jan. 17 to phase out the use of biodiesel manufactured from palm.
How international investment agreements have made debt restructuring even more difficult and costly
19-Feb-2018 South Centre
Inconsistencies and even contradictions have emerged in dispute settlement decisions, sometimes at the expense of public good, sovereignty and financial and economic stability.
Arbitrator: EMG due $1.03b from Egypt over canceled gas contract
19-Feb-2018 Haaretz
Decision comes six years after supplies were halted, forcing EMG shareholder Ampal into bankruptcy.
Developing country opposition to an investment court: could state-state dispute settlement be an alternative?
19-Feb-2018 Kluwer Arbitration Blog
A multilateral state–state dispute settlement mechanism, coupled with other mechanisms to guarantee participation and access to justice to all stakeholders affected by foreign investment, could help rebalance public and private interests in the investment regime.
A hard-Brexit think tank accidentally published its plans for US-UK ‘shadow trade talks’
19-Feb-2018 Unearthed
The Initiative for Free Trade - which is supported by trade secretary Liam Fox - has now deleted the plans from its website.
Revising China FTA may not make big difference
19-Feb-2018 The Dawn
Pakistan and China have agreed to amend the bilateral free trade agreement (FTA) with a view to providing Pakistani exports with better access to the Chinese market.
A four-nation alliance may be rising to counter China’s Belt and Road
19-Feb-2018 CNBC
Four countries — the US, Japan, India and Australia — could join forces to set up an alternative to China’s Belt and Road Initiative in an attempt to counter Beijing’s growing influence, the Australian Financial Review reported Sunday.