Meanwhile, Gabriel Resources has taken Romania before the World Bank’s International Centre for Settlement of Investment Disputes, seeking $4.4 billion (3.7 billion euros) in damages.
Ecuador has 60 days to make the payment and has already contacted Perenco to start negotiations. In 2020, the country inked a $6.5 billion emergency deal with the IMF.
The Ecuadorean country will have to face a millionaire sum for Perenco oil company after a ruling by a panel formed under the auspices of the World Bank’s International Center for Settlement of Investment Disputes.
Trade ministers held "robust" talks on the new North American trade deal and pledged to fully enforce its higher standards, while downplaying differences over a range of other irritants.
The shadowy parallel court system of major trade agreements makes it difficult for countries to ban broad-spectrum insecticides.
The EU has exported 7000 tonnes of deadly pesticides – banned domestically – to Mercosur countries in 2018-2019, a study published by the Left group in the European Parliament has found.
CIDSE, MISEREOR and Greenpeace published a new legal opinion that proves that in order to provide effective protection of human rights and environmental standards, the agreement needs to be renegotiated.
The European Union is seeking meaningful commitments on climate change and deforestation from Brazil and other Mercosur countries by the end of 2021.
A Canadian mining company is suing Turkey for $1 billion at a secretive arbitration court over the cancellation of a mine project that was deemed disastrous for the environment.
Miner Alamos Gold said its Netherlands units will file an investment treaty claim exceeding $1 billion against Turkey for "unfair and inequitable treatment" with its gold mining project.
The African Trade Policy Centre is preparing the first ever Strategic Environmental Assessment (SEA) of the AfCFTA to guide on how environmental considerations can be effectively incorporated into the agreement.
To pass the EU-Mercosur deal in its current state would set an horrific precedent for future trade deals currently under negotiation and fly in the face of the EU’s landmark Green Deal.
The EU plans to increase the number of destructive products on supermarket shelves with the proposed EU-Mercosur trade deal, reveals a report.
The European Commission should have concluded an updated sustainability impact assessment before the EU-Mercosur trade deal was agreed, an inquiry by European Ombudsman has found.
Without thinking about environmental action beyond emissions and enacting binding agreements on protecting workers’ rights, China and the EU fail at making meaningful change for both labour and environmental justice.
If Indonesia only focuses on the formal process in palm oil international trade, it may still lose the battle of public opinion that may risk its markets and consumers worldwide.
The Swiss narrowly voted in favour of a free trade deal with Indonesia on Sunday. Will future agreements also have to win popular support?
Voters in Switzerland have given the green light to a free trade deal with Indonesia with a small majority of 51.6%.
Switzerland votes Sunday on a free trade deal with Indonesia but the agreement, which opens up a vast potential market, could slip up over the issue of palm oil imports.