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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.”
PH, UAE cap 1st round of FTA nego; latter targets conclusion in 2024
27-May-2024 Philippines News Agency
The Philippines and the United Arab Emirates (UAE) capped the first round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA), with the former targeting to conclude the talks by the end of 2024.
UK urges Canada to ratify its entry into Pacific trade pact
24-May-2024 Bloomberg
A British trade official called on Prime Minister Justin Trudeau’s government to ratify the UK’s entry into a Pacific trade deal by the end of the year, despite opposition from some Canadian agriculture groups.
Indonesia to apply for CPTPP membership this year: minister
24-May-2024 Nikkei Asia
Indonesia will apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade pact "within this year".
Dhaka, Tokyo hold 1st round of negotiations on Economic Partnership Agreement
24-May-2024 Daily Sun
Firing the five-day first round of negotiations for the Japan-Bangladesh Economic Partnership Agreement (EPA) held in Dhaka from 19 May to 23 May, both sides decided to work on scheduling the dates of the second round of negotiations through diplomatic channels.
A new economic partnership is emerging between Africa and the Gulf States
23-May-2024 IAfrica
The emerging economic relations between Africa and the Gulf Cooperation Council (GCC) — namely the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman — are poised for significant growth, driven by mutual interests in diversification, investment and sustainable development.
UAE FTA welcome news
23-May-2024 Rural News
The dairy and red meat sectors have welcomed news that New Zealand will begin formal negotiations for a free trade agreement (FTA) with the United Arab Emirates (UAE).
Uruguay supports Việt Nam’s negotiations of FTA with Mercosur: Official
23-May-2024 Việt Nam News
Uruguay’s foreign minister emphasised that the country will work closely with the Vietnamese Embassy to promote stronger and more comprehensive relations between the two countries in the coming time.
Government wins landmark international arbitration case against Laiki, Bank of Cyprus depositors
23-May-2024 In-Cyprus
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal unanimously rejected a USD 600 million claim by depositors and bondholders of Laiki Bank and the Bank of Cyprus.
Modernisation of the Chile-EU FTA: a false promise of equity and development
22-May-2024 PSI
An in-depth analysis of the Chile-EU FTA reveals its profound neo-colonial character and that it is an instrument of the neo-liberal economic order that emerged in the 1980s.
Bhutan and Thailand set to finalise free trade agreement within two years
22-May-2024 Kuensel
Bhutan and Thailand launched Free Trade of Agreement (FTA) negotiations last week in Thimphu.
Resisting green colonialism for a just transition
20-May-2024 Global Justice Now
A serious overhaul of how we run the economy and live our lives is needed to tackle the climate crisis – and there are signs that decision makers are recognising the urgent need for a ‘green transition’: a massive shift from fossil fuels to renewable energy systems.