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A US fund declares Spain in “technical default” and claims almost 1,000 million government bonds
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
Spain tells World Bank it will not pay €2-billion ICSID awards for renewable energy debts
The World Bank has sent a de­vas­ta­ting letter to the Spanish go­vern­ment to de­mand pay­ment of the awards that con­demn our country to com­pen­sate the in­ves­tors af­fected by the re­tro­ac­tive with­drawal of the pre­miums granted to re­ne­wable ener­gies.
UAE strikes economic partnership agreement with Cambodia to enhance global ties
The UAE and Cambodia have finalized the terms for a Comprehensive Economic Partnership Agreement (CEPA) as the Gulf state seeks to enhance its global trade and commerce ties to fulfill its new foreign trade agenda.
India, EFTA nations discuss prospects of resuming FTA negotiations
The development comes in the backdrop of a meeting between high-level delegations from India and EFTA to boost bilateral trade and economic partnership.
S. Korea, Serbia reach tentative deal on bilateral investment treaty
South Korea and Serbia have reached a tentative deal to sign a bilateral investment treaty aimed at promoting mutual investments between the two countries.
Brazil, Spain want EU-Mercosur deal by end of the year
Leaders of Brazil and Spain hope long-delayed trade deal between the European Union and Mercosur trade bloc can be finalised by the end of the year.
Kenya, US advance talks on trade and investment partnership
Kenya and the United States of America have completed the second round of negotiations on Strategic Trade and Investment Partnership.
How the toxic EU-Mercosur deal will undermine Brazil’s climate & deforestation goals
While the Amazon passes irreversible environmental tipping points and new toxic chemicals leave a trail of contamination, the European Union is actively signing away more of the planet and people in the lethal EU-Mercosur free trade agreement.
UK should drop Gulf trade deal if rights concerns not addressed, say MPs
The UK should be willing to walk away from trade negotiations with Gulf states rather than accept an agreement that fails to address human rights and environmental concerns, MPs have said.
India may find the going tough in FTA talks with UK on agri front
House of Commons panel wants pesticide residue norms undiluted, cut in dairy, alcohol tariffs.
Brazil’s Lula visits Spain with Mercosur deal on agenda
Brazilian President Luiz Inácio Lula da Silva arrived in Spain on the second stop of a European tour aimed at resetting relations and making progress on a long-delayed trade deal between the European Union and the South American bloc Mercosur.
Italy: Rockhopper provides an update on its ICSID arbitration with Italy
Tribunal orders Rockhopper & Italy to mitigate the risk of non-recoupment by Italy with the anticipation of the Stay being lifted.
Pakistan-China Economic Partnership stalled
The FTA has been repeatedly been criticised by businessmen in Pakistan, who believe that Pakistan had negotiated poorly.
Commission reports on eleventh negotiation round with five Eastern and Southern African countries to deepen existing Economic Partnership Agreement
The European Commission published the report summarising progress made during the latest negotiation round to deepen the existing Economic Partnership Agreement (EPA) with five Eastern and Southern African partners.
Europe’s disunity over China deepens
France, Germany and EU institutions are at odds over whether to revive the stalled Comprehensive Agreement on Investment with China.
Brazil hopes for conclusion to EU-Mercosur trade deal this year
Brazil hopes the Mercosur trade deal with the European Union (EU) will be concluded this year, a government official said, ending years of delay and opening the way to increased trade between the two regions.
Digital divide: India-UK FTA faces data flow rift
India’s insistence on data localization is a “major stumbling block" to a planned free trade agreement with the UK, a report tabled in House of Commons said, signalling continuing differences on cross-border data flow issues.
Green light for enforcement of investor-state arbitration award in Australia
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
MPs criticise lack of information and unhelpful responses from Government on India trade negotiations
In the International Trade Committee’s report on UK trade negotiations with India, MPs note that the briefings they have received from Government on the negotiations, designed to inform the Committee’s all-important scrutiny, have been extremely limited in scope.