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Indonesia stresses on active, fair participation of all IPEF partners
Indonesia emphasized active and fair participation of all Indo-Pacific Economic Framework for Prosperity (IPEF) partner countries in implementing the cooperation framework, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
Access for EVs, relaxation of business mobility contentious issues in UK FTA
India and UK remain deadlocked in free trade negotiations due to issues around EV access & business visas. EV concessions possible with investment commitments.
Klesch Group’s legal paradox
Oil Refiner Klesch sues EU, Germany and Denmark over windfall profit tax while making record profits due to Ukraine invasion.
EU countries to exit energy treaty over climate concerns, officials say
European Union countries agreed to jointly quit an international energy treaty over concerns that it undermines efforts to fight climate change, officials said.
EU breaks deadlock on the ECT, announces exit
Today marks a significant turning point as the Belgian EU Presidency brokered a deal with the European Commission and member states on the withdrawal from the Energy Charter Treaty.
How people power forced the UK to leave the Energy Charter Treaty
On 22 February 2024 the UK announced it will leave the climate-wrecking Energy Charter Treaty.
ISDS regime could choke climate action in emerging economies, experts say
The investor-state dispute settlement (ISDS) system could be putting climate action at risk in emerging and developing economies as investors in fossil fuel projects angle for compensation, experts say.
Azerbaijan initiates arbitration proceedings against Armenia
A procedural session was held at the headquarters of the Permanent Court of Arbitration in The Hague within the framework of the interstate arbitration initiated by Azerbaijan against Armenia based on the Energy Charter Treaty.
How wealthy corporations use investment agreements to extract millions from developing countries
When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
Deadlock as member states disagree over withdrawal from Energy Charter Treaty
Decision on whether to part from treaty remains in limbo, with some EU countries wanting to stay and others having already departed.
Government reforms face corporate backlash in Honduras
As President Xiomara Castro’s administration works to mitigate the fallout of the post-coup years, transnational companies are lining up to sue the state for lost profits.
Petrochemical industry opposes Oman FTA, deal may be delayed
The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact.
China ends preferential tax status for 12 Taiwan goods
China’s State Council said that preferential tax rates on the import of 12 Taiwanese petrochemical products will be suspended on Dec 21, raising concerns in Taiwan about economic impacts and election interference.
Ecuador says it has won international arbitration, will avoid $198 million payment to Worley
Ecuador’s procurator said the country has won an international arbitration and will not be liable to pay $198 million to engineering firm Worley International Services over oil project contracts.
GCC inks free trade deal with South Korea
The GCC deepens economic ties with major Asian partners, signing its second FTA this year, highlighting commitment to investment and economic diversification.
Canada pension fund Caisse, Mexico pause arbitration to seek energy resolution
Canadian pension fund Caisse de depot et placement du Quebec and the Mexican economy ministry have temporarily suspended an international arbitration procedure to try to reach an agreement.
LNG firm’s $20-billion lawsuit against Canada exposes NAFTA’s toxic legacy
A company launched a record-breaking NAFTA lawsuit against Canada — confirming the dire threat that investor-state dispute settlement (ISDS) poses to bold climate action.
Who knew Queensland’s richest man is a foreign investor?
Clive Palmer’s controversial legal strategies challenge Australia’s trade agreements and environmental laws, and have profound implications for global climate action.
Investor-state dispute settlements: a hidden handbrake on climate action
To achieve the Paris Agreement’s climate goals, states must move away from fossil fuels. But investor–state dispute settlement (ISDS) — a system that enables companies to take states to international arbitration — can increase the cost of this transition.
Abuja agrees to settlement with ENI over OPL 245
The battle over block OPL 245 between Nigeria and Italian major ENI was suspended on 16 November.