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Weak macroeconomic environment may undermine AfCFTA implementation — BoG governor
8-Dec-2022 Graphic online
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has stressed the need for African central banks to pursue prudent macroeconomic management supported by growth-oriented policies to ensure a successful implementation of the African Continental Free Trade Area (AfCFTA).
Nigeria moves to become gateway to AfCFTA, signs MoU with Vietnam
8-Dec-2022 Nairametrics
The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion exporter Vietnam use Nigeria as a gateway into the African market.
Canada’s IPEF bid has support from all members: trade minister
8-Dec-2022 Nikkei Asia
The Indo-Pacific has become a greater foreign policy priority for major economies like Canada, which released a comprehensive economic and diplomatic strategy for the region.
Australia targets EU trade deal in first half of 2023 - minister
8-Dec-2022 Reuters
Australia is pushing to seal a free trade agreement with EU authorities in the first half of 2023, its trade minister said.
Argentina urges EU to renegotiate South American trade pact - FT
8-Dec-2022 Reuters
Argentina President Alberto Fernandez has asked the European Union to renegotiate a landmark trade deal with South America, saying the agreement is unbalanced and a threat to the car industry in Brazil and Argentina.
Iran, EAEU to ink FTA in mid-December
8-Dec-2022 Tehran Times
The FTA is expected to include a zero tariff for 90 percent of commodities exchanged between Iran and the five-member bloc.
Investor-state dispute settlement: obstructing a just energy transition
8-Dec-2022 Taylor & Francis Online
Governments that revoke licenses and permits or take other measures to restrict the development of oil and gas in their territory will face claims from investors for compensation.
No higher priority: Why IPEF must include strong digital trade rules
8-Dec-2022 US Chamber of Commerce
The US business community will turn this week to Brisbane, Australia, which will host the first formal negotiating round of the Indo-Pacific Economic Framework (IPEF).
Kenya eyes duty-free deal with 3 countries
8-Dec-2022 Business Daily
The cabinet says negotiations with the US, South Korea, and the United Arab Emirates on the Free Trade Area are ongoing as Kenya seeks to expand access to its products beyond the regional and traditional markets.
Algeria and China sign two agreements to strengthen bilateral ties
8-Dec-2022 MSN News 360
Algerian Foreign Minister Ramtane Lamamra and the Chairman of the National Development and Reform Commission of China, He Lifen, signed on Monday two agreements to increase bilateral cooperation between the two countries.
Israel and Bahrain expected to close free trade agreement
7-Dec-2022 Haaretz
Israel and Bahrain are close to finalizing a free trade agreement, just over two years after the Gulf state, alongside the United Arab Emirates, signed an agreement to normalize ties with Israel, becoming the first Arab states in a quarter-century to recognize the Jewish state.
UAE eyes 26 CEPAs in 7-8 years: Minister of economy
7-Dec-2022 Khaleej Times
Comprehensive Economic Partnership Agreements will play a key role in the development of UAE’s new economy and the country aims to sign 26 such deals in the next few years, said Abdulla bin Touq Al Marri, Minister of Economy.
Proposed BIT with Hungary: Differences emerge between BoI, ministries over proposal
7-Dec-2022 Business Recorder
There are two sticking points in the negotiations of the Pakistan-Hungary BIT: one is “Expropriation” and the other is “Subrogation”.
What ‘friend-shoring’ means for trade in a less-friendly world
7-Dec-2022 The Washington Post
The recent escalating series of trade disruptions has called into question the vision of a globalized economy.
Chile to sign modernization of bilateral agreement with the EU next week
7-Dec-2022 Reuters
Chile’s President said that the minister of foreign affairs will travel to Brussels at the end of the week to sign a modernization of a bilateral agreement with the European Union.
Uruguay’s free-trade deal ambitions rattle South American trade bloc
7-Dec-2022 WKZO
South America’s major Mercosur trade bloc, which includes regional powerhouses Brazil and Argentina, has been rattled by one of its smaller members, Uruguay, seeking to strike its own free-trade deals, leaders said.
Air Tanzania plane seized in the Netherlands
7-Dec-2022 The Citizen
Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar project.
UK group loses legal challenge over Morocco trade agreement
7-Dec-2022 Reuters
Dec 5 (Reuters) - A campaign group on Monday lost a legal challenge to Britain’s post-Brexit trade arrangements with Morocco over goods from the disputed territory of Western Sahara.
Women’s rights organisations and allies oppose the gender "upskilling initiative" as an IPEF carrot
6-Dec-2022 IT for Change
IT for Change, Public Services International (Asia & Pacific) and Third World Network, with the undersigned women’s rights organisations, labour unions, and allies, oppose the use of Big Tech “upskilling” initiatives for women to encourage countries to sign on to the IPEF.
A mining lawsuit in Guatemala shows how trade courts put big corporations first
6-Dec-2022 Inequality.org
Local resisters are calling for a different economic model — one that prioritizes clean water and soil, healthy communities, peace, dignity, and self-determination.