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India has left RCEP behind, but not its ambition in Southeast Asia
13-Jan-2020 The Interpreter
India’s decision in the final months of last year to withdraw from negotiations for the mega-regional trade agreement known as the RCEP disappointed the countries of Southeast Asia, which are also members of the ASEAN.
US, China dust off corporate deals before trade pact signing
10-Jan-2020 Bloomberg
China highlighted a pledge to fully open up its oil and gas exploration sector. Financial services deals long in the works may be tied to deal.
UK tells Trump that American chicken is still off the menu
10-Jan-2020 Bloomberg
US chicken imports offend British sanitary sensibilities. Not just for the safety of people who ingest it, but mainly because the process compensates for less stringent health standards.
New Caledonia and Vanuatu meet to finalise free trade agreement
10-Jan-2020 RNZ
The leaders of New Caledonia and Vanuatu have met to finalise the free trade agreement the countries signed in April.
Gazprom v. Ukraine’s arbitration
10-Jan-2020 Global Legal Chronicle
Ukraine settled an investment-treaty arbitration with Russian gas company Gazprom.
Swiss court orders Russia to pay damages to Ukrainian firms
10-Jan-2020 Swiss Info
The Swiss Federal Court has ordered Russia to pay CHF80 million ($82.1 million) in damages to 12 Ukrainian firms confiscated after the 2014 annexation of Crimea.
Pakistan moves US court to stop over $6bn fine in Reko Diq case
10-Jan-2020 DAWN
Pakistan has asked a US federal court to pause an Australian copper company’s bid to enforce a $6 billion arbitral award while it looks to have the award nixed.
Japan, Australia reaffirm goal for RCEP deal
10-Jan-2020 The Japan News
Japan and Australia reaffirmed their goal of concluding the envisioned RCEP free trade deal among 16 nations including India by the end of the year.
Protectionism is not best way to ensure prosperity of all: Singaporean minister
10-Jan-2020 Outlook India
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.
Japan, Morocco sign agreement for promotion and protection of investment
10-Jan-2020 Devdiscourse
This agreement aims at further protection and promotion of investment between the contracting parties.
How ISDS corporate privileges risk to undermine community struggles
9-Jan-2020 CEO
Inspiring people fought toxic gold mines, dirty oil drilling and greedy luxury real estate projects. Now, costly investor-state dispute settlement (ISDS) lawsuits risk to reverse their community victories.
Norway hopes for China free-trade deal in 2020, industry minister says
9-Jan-2020 Reuters
Norway aims to reach a free-trade agreement with China by the end of 2020, more than a decade after initial negotiations began, the Norwegian industry minister said.
‘Japan keen to boost bilateral trade with Pakistan’
9-Jan-2020 International The News
Japan expressed its support for Pakistan’s efforts to stabilse the country’s fragile economy and also agreed to work together to further promote bilateral trade relations.
China’s Vice Premier Liu to sign US trade deal in Washington next week
9-Jan-2020 Reuters
The Phase 1 deal reached last month is expected to cut tariffs and boost Chinese purchases of US goods but Chinese officials have yet to publicly commit to key points.
EU chief warns UK must compromise to get Brexit trade deal
9-Jan-2020 Washington Post
The UK won’t get the “highest quality access” to the European Union’s market after Brexit unless it makes major concessions, warns the president of the European Commission.
The EU plurilateral draft termination agreement for all intra-EU BITs: An end of the post-Achmea saga and the beginning of a new one
8-Jan-2020 Kluwer Arbitration Blog
This termination agreement marks the culmination of the European Commission’s and several Member States’ efforts to abolish intra-EU investment arbitration proceedings from the European legal order.
Trade war: China’s refusal to lift grain quotas make Trump’s phase one import demands ‘more difficult’
8-Jan-2020 South China Morning Post
China will not raise its quotas for the import of grains, according to vice agriculture and rural affairs minister Han Jun, raising the prospect of a stand-off with the US.
Intra-EU investment reform: What options for the Energy Charter Treaty?
8-Jan-2020 Kluwer Arbitration Blog
The leaked treaty for the termination of intra-EU BITs can be seen as the culmination of an ongoing effort by the EU Commission to discourage investment arbitration between Member States, reflecting a tension between public international law and EU law.
Ncell backed by international tribunal in Nepal tax row
8-Jan-2020 Developing Telecoms
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
Boris Johnson to tell EU he wants a quick free trade deal
8-Jan-2020 Bloomberg
Johnson isn’t interested in aligning to EU rules but an agreement on this schedule may require compromises.