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Mexican firm seeks $380 million from Honduras over blocked unit
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings.
Next round of India-UK free trade agreement talks from April 24
Both sides now continue to thrash out the thorny issues pertaining to the trade pact.
Ministers of EFTA to meet Goyal in Delhi on trade agreement this month
Four ministers of the European Free Trade Association are coming on April 26 to discuss potential trade engagement and free trade agreement, Goyal said here while addressing a business meeting.
Albanian PM threatens to quit international arbitration body
Premier Edi Rama reacted angrily to a decision by a World Bank-funded international arbitration body to grant around 110 million euros in compensation to an Italian businessman who claimed he was politically persecuted in Albania.
India, Latin America in talks to expand preferential trade agreement
Both sides are currently discussing expanding the number of goods included in the agreement, according to persons aware of the negotiations, which are in their early stages.
Denmark to withdraw from Energy Charter Treaty
Denmark will withdraw from the Energy Charter Treaty as it creates more uncertainties about investments than certainties, the Danish government announced.
Ukraine’s Naftogaz says Russia told to pay $5 billion for seizing Crimea assets
Ukraine’s state-owned gas company Naftogaz that Moscow had been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in Russian-annexed Crimea in 2014.
ASEAN, China start negotiations on upgrading bilateral FTA
The Association of South East Asian Nations (ASEAN) and China started the first round of negotiations on the upgrade of the ASEAN-China Free Trade Area.
Free trade deal is a major threat to UK public health, warn experts
The UK’s decision to join one of the world’s largest free trade agreements, known as the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, poses a major threat to UK public health, warn experts.
US avoids post-Brexit trade deal talks with UK during Biden visit
Joe Biden has dodged talks about a post-Brexit trade deal with the UK during his visit to Northern Ireland.
Goyal, France’s Becht discuss India-EU FTA
Trade minister Piyush Goyal discussed the progress on the India-EU free trade agreement with his French counterpart Olivier Becht, the commerce ministry said in a statement.
CEPA may pose risks for domestic industry, jobs
Signing the proposed Comprehensive Economic Partnership Agreement with India may pose risks for Bangladesh’s domestic industry, revenue and jobs, forecasts a state-sponsored research and training institute.
Upgraded ASEAN-Korea Free Trade Agreement in pipeline
ASEAN is currently in the process of upgrading its existing free trade agreement with dialogue partner South Korea, according to Satvinder Singh, the deputy secretary-general for ASEAN Economic Community.
Israel’s ministerial visits to India might include FTA talks
India-Israel free trade agreement (FTA) is expected to be on the agenda during the upcoming visit of Israeli Economy Minister Nir Barkat. The back-to-back official interactions are being interpreted as the prelude to the arrival of Prime Minister Benjamin Netanyahu in India.
China, Serbia announce official launch of FTA negotiations: MOFCOM
China’s Minister of Commerce Wang Wentao met with Serbia’s Minister of Domestic and Foreign Trade Tomislav Momirovic, jointly signing a memorandum of understanding to start negotiations on a free trade agreement (FTA) between the two countries.
China pushes Sri Lanka to sign FTA in guise of debt restructuring
Critics argue that the deal would be heavily skewed in favour of China, leading to a flood of cheap Chinese goods into Sri Lanka and undermining the country’s domestic industries.
Ukraine, Canada agree to expand bilateral free trade deal
The modernized trade deal would implement the most modern liberalization regime for service and investment markets and revamping digital goods trade rules.
Ukrainian billionaire seeks compensation from Russia in arbitration for losses incurred
Billionaire Rinat Akhmetov, who is the founder and beneficiary of the holding company SCM, has announced that he is initiating an arbitration process against Russia.
Rough trade
UK accession to Pacific trade deal empowers fossil fuel firms to sue governments.
Ethiopian ambassador to Pakistan stresses preferential trade agreement between both countries
Ethiopian Ambassador to Pakistan Jemal Beker Abdula visited the Islamabad Chamber of Commerce today and said that a preferential trade agreement between Pakistan and Ethiopia is indispensable for the promotion of mutual trade.