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Top House Democrat cites labor, enforcement concerns on new NAFTA
3-Apr-2019 Reuters
US House Speaker Nancy Pelosi said lawmakers could not take up the replacement for NAFTA unless Mexico passes legislation protecting workers’ rights. She also cited concerns over enforcement provisions, among other issues.
Sweden hopes to increase commercial relationship with Ecuador
3-Apr-2019 Fresh Plaza
The parties expressed their interest in exploring the possibility of initiating negotiations of a bilateral investment agreement.
PBO report shows that new NAFTA provisions threaten Pharmacare, says Council of Canadians
3-Apr-2019 Council of Canadians
The Parliamentary Budget Officer (PBO) revealed that new intellectual property provisions in the Canada-United States-Mexico Agreement would cost Canadians as much as $169 million more per year for pharmaceutical drugs
Implementation of AfCFTA in Nigeria will increase unemployment among farmers – NANTS warns
3-Apr-2019 Independent.ng
The National Association of Nigerian Traders (NANTS) has warned that the implementation of African Continental Free Trade Agreement (AfCFTA) in Nigeria would increase unemployment among farmers, and farm workers in the country.
Africa’s free trade deal reaches required minimum ratifications
3-Apr-2019 The New Times
The Gambia became the 22nd country to ratify the agreement effectively helping meet the minimum threshold.
US and China are reportedly drawing closer to a final trade agreement
3-Apr-2019 CNBC
American and Chinese officials negotiating a trade deal have resolved most of the outstanding issues but are still haggling over how to implement and enforce such an agreement.
China FTA safeguard sting
2-Apr-2019 Queensland Country Life
If safeguard is triggered, tariff reverts to the lesser of WTO most-favoured-nation (MFN) applied rate of customs duty in effect on the date the safeguard measure is applied or the original base rate of the tariff reduction schedule.
Reforming investment dispute settlement: A stocktaking
1-Apr-2019 UNCTAD
Investor-State dispute settlement continues to be controversial, spurring debate in the investment and development community and the public at large. States are responding to challenges and concerns surrounding ISDS through different avenues.
Kingsgate prepares for legal challenge to mine closure
1-Apr-2019 Bangkok Post
The Australian mining company Kingsgate Consolidated, armed with a US$55-million insurance payout for the closure of its gold mine in Thailand, says it now has the financial means to pursue its arbitration case against the Thai government.
TT signs UK trade agreement
1-Apr-2019 Newsday
One week after nine Cariforum countries signed an agreement with the United Kingdom to maintain preferential trade agreements if and when the UK leaves the European Union, Trinidad and Tobago also signed on to the agreement.
Pakistan diverts CPEC corridor funds; China ties under pressure
1-Apr-2019 Economic Times
A controversy has erupted over the China-Pakistan Economic Corridor (CPEC) following allegations that the Pakistani government has diverted funds for joint infrastructure development projects with China under BRI to other projects.
France blocks US trade talks, angering EU: diplomats
1-Apr-2019 France 24
Paris is especially wary after the failure of talks on TTIP, a far more ambitious transatlantic trade plan.
Trump’s NAFTA 2.0 puts big pharma first, America second
1-Apr-2019 NY Magazine
The new version of NAFTA forbids the US Congress from curtailing Big Pharma’s patent monopolies on some of the world’s most expensive drugs.
Japan, US eye 1st trade talks on April 15-16: sources
1-Apr-2019 The Mainichi
Japan and the United States plan to launch bilateral trade talks on April 15 and 16 in Washington.
China to launch agricultural training in Pacific
1-Apr-2019 Radio NZ
China is launching an agricultural training programme for Pacific Island countries to bring their industries in line with Chinese standards.
Indonesia wins $469 mn arbitration case against Indian metal firm IMFA
1-Apr-2019 Business Standard
Indonesia has won a $469 million arbitration case against India’s Metal Ferro and Alloys Ltd (IMFA) after nearly four years of court battles
Investor–State Dispute Settlement reform talks resume at UNCITRAL
1-Apr-2019 IISD
The next meeting of a United Nations working group debating options for reforming investor–state dispute settlement (ISDS) will take place in New York from April 1 to 5.
Kazakhstan looks beyond Central Asia for new trade opportunities
1-Apr-2019 Geopolitical Monitor
Kazakhstan aims to become one of the top 30 developed economies by 2050, it is imperative for the nation to continue to appear as an attractive trade partner and a destination for extra-regional investors.
Is Canada ready for free trade with China? Some experts say it’s a ‘non-starter’ right now
1-Apr-2019 Global News
Amid the continued efforts of the Trudeau government to negotiate a free trade deal with China, a recent report suggests that a free trade agreement with the world’s most powerful economic force should be a “non-starter” for Canada right now.
Pakistan to seek $1 bn export orders from China: Razak
1-Apr-2019 The News International
Pakistan and China are set to sign the Free Trade Agreement (FTA)-II when Prime Minister Imran Khan will leave for Beijing on April 27