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Maine state legislators endorse removing ISDS from NAFTA
The Maine Citizen Trade Policy Commission, a legislator-run, bipartisan governmental body, recently sent a letter to U.S. Trade Representative calling for ISDS to be removed in its entirety from NAFTA.
S/African gov’t approves African tripartite FTA pact, industrial action plan
The TFTA seeks to establish an enlarged market involving 27 member countries from the Common Market for Eastern and Southern Africa, the East African Community and Southern African Development Community.
Georgia, Israel launch joint feasibility study on free trade agreement
Georgia’s Vice-Premier and Economy Minister Dimitry Kumsishvili and the Minister of Economy and Industry of Israel Eli Cohen signed the declaration on launching the feasibility study on free trade agreement negotiations between Georgia and Israel.
Professionals say Sri Lankan govt. rushed into Singapore FTA
In Sri Lanka, the top professional bodies representing engineers, architects, town planners and quantity surveyors and other related professions this week charged that the government has rushed into signing the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) without having proper legal frameworks in place to ensure job security of local professionals and the possible entry of under-qualified overseas professionals.
Perspectives on Pacific geopolitics
The rise of China in the Indo-Pacific has also challenged the long-standing dominance of US in Asia. Therefore, political uncertainty in the US, rapid economic growth, China’s Belt and Road Initiative and its growing assertiveness, and erosion of ASEAN unity – among others – has compelled India to step up its contribution to a region that is also of vital economic interest to India.
Russia refuses to pay out compensation for annexation of Crimea
Russia notified the PCA in 2015 that the bilateral Russian-Ukrainian investment agreement of 1998 "can not serve as the basis for the formation of arbitration for the settlement of the dispute".
Negotiations over NAFTA are bogging down ahead of a major deadline
Negotiations over a new North American trade deal have hit a major snag, leaving White House officials increasingly uncertain of their ability to hit their May 18 deadline for securing congressional approval of a new deal before year’s end.
Elliott seeks $670 mil. compensation from gov’t over Samsung C&T merger
Elliott Associates is demanding more than $670 million in compensation from the government for losses and damages it claims to have suffered regarding the merger of Samsung C&T and Cheil Industries in 2015.
Rusoro files fresh lawsuits for $1.34bn compensation from Venezuela
Rusoro Mining has filed lawsuits in the US and Canada to seek compensation via the monetisation of Venezuela’s assets amounting to approximately $1.34bn in connection with the nationalisation of its gold mining assets in Venezuela.
South Korea to decide on participation in TPP within this year: Trade Minister
The South Korean government will decide on its participation in the Trans-Pacific Partnership (TPP) within this year, Minister of Trade, Industry and Energy Paik Un-gyu was quoted as saying on May 9 by Japanese newspapers.
Chinese, Japanese trade ministers pledge to enhance cooperation, support free trade
Trade ministers of China and Japan pledged to further enhance bilateral economic and trade cooperation during their meeting here on Wednesday.
Crucial ingredients for meaningful reform at UNCITRAL: Withdrawal of consent to arbitrate and termination of existing treaties
This is a crucial moment in international investment policymaking. Two factors have converged, calling for a new direction.
The Federal Court of Canada and the end of investor-state dispute settlement in NAFTA?
A decision by the Federal Court of Canada should spell the end of the NAFTA renegotiation on the investment Chapter of NAFTA, and ignite a renegotiation of the investment chapters of the Canada-EU trade agreement and the CPATPP.
EU/New Zealand free trade agreement must meet meat sector concerns, say experts
With a new European Union EU/New Zealand customs agreement coming into force, EU farm body Copa-Cogeca has warned that anticipated follow-up trade talks should not boost NZ access to EU meat markets.
European Parliament delegation in China to discuss trade
The European lawmakers will discuss the recently-imposed US tariffs on steel and aluminum, the question of overcapacity, a bilateral investment agreement, market access and intellectual property rights among other topics.
The Organisation of Islamic Cooperation Agreement on Promotion, Protection and Guarantee of Investments among Member States
Whilst there is a plethora of literature on BIT protection, relatively little is known on how the OIC Agreement can assist investors.
Uruguay: No position on the FTA with Chile after an official plenary
The plenary of the leftist coalition Broad Front concluded on Sunday with a motion that postpones the decision over the Free Trade Agreement with Chile.
Delhi High Court rejects Centre’s plea against Vodafone’s UK arbitration
In the order, Justice Manmohan, however, noted that the Centre could approach the UK arbitration tribunal under the BIPA for its grievances.
Paraguay to host new round of EU-Mercosur negotiations in mid-May
Paraguayan Foreign Minister Eladio Loizaga confirmed that he is in contact with his peers to define the date of the meeting that would be in Asunción.
Mexico offers Nafta compromise on car content, wages
Mexico is opening the door to compromise on the key Nafta issue of auto manufacturing, though it’s unclear if the flexibility is enough to reach a deal with the US and Canada.