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Malaysia keen to sign FTA, invites Bangladeshis for education, health
30-May-2024 Dhaka Tribune
Malaysia is keen to sign a Free Trade Agreement (FTA) with Bangladesh to increase two-way trade and investment and urges Bangladeshis to explore the international standard of education and healthcare services in Kuala Lumpur.
Berkeley seeks $1 bln in damages from Spain over uranium mine dispute
29-May-2024 Reuters
Australian mining group Berkeley Energia filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
Commerce Department fine tuning strategy for negotiating FTAs
29-May-2024 The Hindu BusinessLine
The Commerce Department is working on finetuning the strategy and position to be adopted for negotiating free trade agreements, including tackling of contemporary issues such as labour, environment and gender, to have optimum results.
Election delays over FTA: Finalising the Indo-UK deal will have to await the incoming governments in both nations
29-May-2024 Financial Express
India has a trade surplus of £7.4 billion. There are 26 chapters in the FTA, which include goods, services, investments and intellectual property rights.
S. Korea, UAE forge comprehensive economic partnership pact
29-May-2024 Yonhap
South Korea and the United Arab Emirates signed a comprehensive economic partnership agreement freeing up trade between the two countries.
Australia, EU mineral pact ’augurs well’ for free trade
28-May-2024 Yahoo
A new agreement between Australia and the European Union to boost the supply of critical minerals and technology is being heralded as a positive step towards a full free trade negotiation.
Bangladesh, Japan begin formal talks to sign trade deal
28-May-2024 The Daily Star
Bangladesh and Japan have formally begun the negotiation to strike a trade deal to allow manufacturers to keep enjoying duty-free export benefits in the post-LDC era and draw investments from the Far East nation.
Belarus, Equatorial Guinea to deepen cooperation in investment
28-May-2024 BelTA
The head of state of Belarus signed the law on the ratification of the agreement with Equatorial Guinea on the promotion and mutual protection of investments.
EU convenes Israel to discuss respect of human rights and ICJ ruling on Rafah
28-May-2024 Euronews
European Union foreign ministers agreed to call for an Association Council with Israel to discuss the country’s compliance with its human rights obligations under the EU-Israel trade deal, also known as the Association Agreement.
Uruguayan State requested hefty sum in damages over Montevideo Port deals
27-May-2024 MercoPress
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
Israel to abolish free trade deal with Turkey, impose 100% tariff on imports
27-May-2024 The Arab Weekly
The plan, would be submitted to the cabinet for approval, in retaliation for Turkish President Tayyip Erdogan’s decision to halt exports to Israel.
Eurohold and EIG launch EUR 500 mln arbitration proceedings against Romania
27-May-2024 Romania-Insider
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
Indonesia urges fair treatment from EU amid prolonged trade talks
27-May-2024 Jakarta Globe
Indonesia’s Chief Economic Affairs Minister, Airlangga Hartarto, stressed the need for fair treatment in trade negotiations with the EU. He emphasized Indonesia’s significant potential and its future as a developed nation by 2045. He called for fair treatment and added value for Indonesia’s economy.
Iran-Indonesia PTA to go operational soon
27-May-2024 Tehran Times
The two countries intend to set up a joint committee for the operationalization of the preferential trade agreement which is tasked with monitoring and updating the lists and discounts that Iran and Indonesia consider for each other.
Indonesia, Peru commit to immediately start IP-CEPA negotiations
27-May-2024 Antara News
The Ministry of Trade (Kemendag) stated that Indonesia and Peru are committed to immediately starting negotiations on the Indonesia-Peru Comprehensive Economic Partnership Agreement (IP-CEPA).
PH, Qatar set to finalize investment agreement this year
27-May-2024 Manila Standards
The Philippines and Qatar are on the cusp of finalizing an investment promotion and protection agreement (IPPA), signaling a commitment to strengthen economic ties.
Maldives Minister says India seeking a free trade deal with island nation
27-May-2024 India Today
Maldivian Minister Mohamed Saeed has said that India has initiated efforts to create a Free Trade Agreement with the island nation, and discussions on the same are ongoing.
China, Japan and South Korea to revive FTA talks
27-May-2024 Nikkei Asia
Japan, South Korea and China held their first joint summit in more than four years on Monday, seeking deeper commercial ties to bolster their economies, including by aiming for progress in stalled negotiations toward a free trade agreement (FTA), but with Seoul and Tokyo also using the occasion to criticize North Korea over a planned satellite launch.
S. Korea, Indonesia discuss partnership in development of key minerals
27-May-2024 Yonhap News Agency
South Korea’s industry ministry said it has shared ideas with Indonesia on expanding bilateral cooperation in the development of a stable supply chain for key minerals. The two countries vowed to further utilize the bilateral Comprehensive Economic Partnership Agreement (CEPA), as well as global platforms such as the RCEP.
RCEP conditionalities critical for agriculture
27-May-2024 Business Inquirer
The Philippines’ membership in RCEP is conditional on implementing six measures in the agriculture sector. The Senate hearing is an important activity to ensure that these conditionalities are implemented. If not met, the ratification states: “The Senate of the Philippines may recommend to the President the withdrawal of the agreement.”