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Biologic exclusivity provision stripped from revised USMCA deal
10-Dec-2019 Modern Health Care
A provision of the United States-Mexico-Canada Agreement on trade that would have guaranteed 10 years of market exclusivity for biologic drugs was removed.
Korean company starts arbitration against India
10-Dec-2019 Economic Times
South Korean state owned power utility Kowepo has begun international arbitration proceedings against India in Singapore for not honouring a fuel supply commitment to its Maharashtra power plant.
EU governments under pressure to quit Energy Charter Treaty
10-Dec-2019 Forbes
Climate campaigners are demanding that European Union countries pull out of the treaty unless they can negotiate an end to the pact’s investor-state dispute mechanism.
US, Canadian officials converge on Mexico City to seal final changes to trade deal
10-Dec-2019 Reuters
Senior US and Canadian officials were set to fly to Mexico City to work on the final changes to a languishing North American trade pact.
‘With or without India’: 15 member countries decide to sign RCEP on 13 March
10-Dec-2019 The Print
Nearly a month after India decided against joining the Regional Comprehensive Economic Partnership (RCEP), the remaining 15 member countries Monday decided to sign the proposed free trade pact by 13 March.
Japan, Australia still hopeful of India’s rethink on RCEP
10-Dec-2019 The Hindu
Despite India’s decision to walk out of the ASEAN-led 15-nation RCEP Free Trade Agreement last month, officials from India’s Indo-Pacific partners Australia and Japan are still discussing the issue in the hope that the government will rethink the decision.
A less than satisfactory trade agreement
10-Dec-2019 The Japan Times
The Japanese government will also be worried about a sluggish economy and there will be no appetite for liberalization measures that impose pain on Japanese businesses.
India, US will conclude trade talks soon, says USISPF chief
10-Dec-2019 The Hindu
Outstanding trade issues between India and the U.S. are moving towards resolution, and the first quarter of 2020 will see both countries conclude ongoing talks.
Pakistan, Qatar to sign trade pacts soon
10-Dec-2019 The Express Tribune
Pakistan and Qatar have agreed in principle on a preferential trade agreement (PTA) and a free trade agreement (FTA) to enhance bilateral trade. The agreements will soon be signed after necessary formalities.
Rejecting RCEP preserved India’s milk self-sufficiency’
9-Dec-2019 Times of India
The decision of keeping India out of the Regional Comprehension Economic Partnership (RCEP) has helped crores of farmers and prevented the likely shift shift of India from a self-sufficient milk producer to importer.
Tories’ dirty war on NHS exposed as 17,000 beds are lost since 2012 reforms
9-Dec-2019 Daily Mirror
Neither Boris Johnson nor Donald Trump deny evidence of secret talks as NHS is under attack by ’market’ ideologues in a privatising policy which began with Thatcher.
We need a socialist trade policy
9-Dec-2019 Jacobin
Instead of imagining trade as an end in itself, or as the driver of job creation and production, we should think about trade as a support mechanism for well-defined political goals centered on improving the lives of working people.
African Free Trade Agreement: Nigeria issues strong warning
9-Dec-2019 Daily Post
Minister of Industry, Trade and Investment, Adeniyi Adebayo, has warned that Nigeria will not tolerate smuggling and importation of substandard products.
Cambodia-VN forum hears plans for cross-border SEZ
9-Dec-2019 Phnom Penh Post
As Vietnam currently has a free trade agreement with the US, Cambodia may benefit from the special economic zone – particularly from the US market.
Open letter on the Energy Charter Treaty (ECT)
9-Dec-2019 ECT’s Dirty Secrets
We – 278 environmental, climate, consumer, development, and trade related civil society groups, as well as trade unions – believe that the ECT is incompatible with the implementation of the Paris Climate Agreement.
Civil society seeks reforms to stem trade suits losses
9-Dec-2019 The East African
Civil society groups are now calling on governments to reform their investor state dispute settlement because “it is being unfairly used by investors to sue states for millions of dollars.”
Steel rules for cars stall progress on the revised Nafta agreement
9-Dec-2019 Bloomberg
US rules-of-origin demand presents new challenge for Mexico. Requirements for cars are among most complicated USMCA topics.
India and Australia: Reciprocity, mutuality, and promise
9-Dec-2019 The Interpreter
India has long had a reputation in Australia as being a challenging negotiator that may not share the same enthusiasm for concluding free trade agreements.
Why did India suddenly pull out of the world’s largest trade deal?
9-Dec-2019 Brink News
China pushed to finalize the RCEP deal as it faces slowing growth in part due to its trade war with the U.S. But at the very last minute, even after the leaders’ photo was taken, India’s Prime Minister Narendra Modi pulled his country out of the deal.
China, ROK agree to step up RCEP, FTA talks
9-Dec-2019 CGTN
Moon Jae-in, president of the Republic of Korea (ROK), hailed China’s important role in regional stability, security and development, vowing to deepen cooperation with China in areas such as RCEP and China-ROK-Japan free trade agreement (FTA) negotiations.