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EU-Andean Countries: Council greenlights the conclusion of the trade agreement with Colombia, Peru and Ecuador
The Council has adopted a decision to conclude the trade agreement between the European Union and its member states, on one hand, and Colombia and Peru, on the other, as well as a decision to conclude the protocol concerning Ecuador’s accession to this agreement.
Spain urges fellow EU members to suspend free trade agreement with Israeli regime
Spain has called on fellow members of the European Union to suspend a free trade deal between the EU and Israel, amid the regime’s ongoing aggression in the Gaza Strip.
Indonesia and Switzerland seeks to accelerate investments under new bilateral investment treaty
The 2022 BIT offers several important advances compared to the 1974 BIT, providing greater certainty and protection for investors.
EU farmers reaffirm opposition to Mercosur deal as talks resume
Several EU-wide organisations representing farmers across several sectors have reaffirmed their opposition to the EU-Mercosur Trade Agreement, as talks between both sides have restarted.
After intra-EU BITs and the ECT, the EU needs to abandon extra-EU BITs—for legal, energy and climate policy, and political economy reasons
EU members should terminate extra-EU BITs. To facilitate the process, the EU could spearhead an instrument similar to the plurilateral agreement to terminate intra-EU BITs or based on the draft treaty language on termination proposed to UNCITRAL.
Interim govt moves to access RCEP
The Bangladesh interim government has strongly started processing to access the Regional Comprehensive Economic Partnership (RCEP), an emerging economic bloc encompassing the Asia-Pacific region that represents one third of global GDP.
Philippines, EU to resume FTA talks
The Philippines and the European Union (EU) are set to resume next week the negotiations for a free trade agreement (FTA), which the Department of Trade and Industry (DTI) wants to conclude by 2027 to ensure continued preferential market access to the bloc.
French court clears Cyprus on FBME case
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon.
Malaysia in talks for new free trade deals to blunt impact of geopolitical conflicts — Zafrul
Malaysia is currently negotiating several new free trade agreements that would help to diversify its trade and investments, and mitigate the impact of conflicts in the Middle East and the Russia-Ukraine war.
Drop ‘irrational standards’ in trade talks, Goyal advises EU
Commerce minister Piyush Goyal on Friday advised the European Union to shun imposing “irrational standards” such as carbon tax, which he said act as trade barriers.
UK, Switzerland to begin negotiations on FTA
The current UK-Switzerland trade deal, largely based on a 1972 EU-Swiss deal, excludes digital trade and data flows.
‘Isolated’ France faces political storm over EU-South American trade deal
An already weakened Macron risks outrage from farmers as the rest of the EU races to get Mercosur deal done.
ExxonMobil sues the Netherlands over gas field closure
The multinational disagrees with the decision that gas production in the Dutch province of Groningen will be shut down early.
Italian Deputy PM pledges to help pull through EU-Mercosur FTA
Italy’s Deputy Prime Minister and top diplomat Antonio Tajani told a group of Brazilian businesspeople in Sao Paulo that they are working to accelerate the process and reach a positive conclusion.
Macau and mainland sign new upgrade to CEPA trade agreement
Macau and mainland China authorities signed a new version of the Closer Economic Partnership Arrangement.
China, ASEAN issue joint statement on conclusion of FTA upgrade negotiations
The statement covers existing areas of the China-ASEAN FTA agreement as well as emerging areas that have great cooperation potential, including the digital economy, the green economy and supply chain interconnectivity, the ministry said.
UAE, Malaysia conclude negotiations towards CEPA
A trade deal between the UAE and Malaysia seeks to eliminate or lower tariffs, reduce barriers to trade, promote private-sector collaboration and establish new pathways for investment.
Egyptian-Malaysian free trade agreement in progress: Malaysian plantation minister
Egypt’s Minister of Investment and Foreign Trade and his Malaysian counterpart are currently engaged in designing a free trade agreement (FTA) between the two countries, where palm oil will be a key pillar of this imminent action