This post discusses the disagreement between Karl-Heinz Bockstiegel (the president of the tribunal) and Michael Pryles, and Prof. Philippe Sands QC, on the assessment of damages.
India may have to lower the import duty on pharmaceuticals for Peru in the discussions on the proposed free trade agreement (FTA) with the South American country.
With bilateral trade between India and Peru touching an all-time high of $1.57 billion, the second round of talks for the trade agreement between the two countries is scheduled to take place in March.
If the trade equation between India and Peru is in imbalance it would be causing more harm than benefit to India.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
In 2017, Peru has faced a number of new investment treaty claims, with several arising in the transportation sector.
The arbitrators agreed with the company that Peru had breached its obligations to the company under the Canada-Peru Free Trade Agreement when it expropriated the company’s Santa Ana silver project, in 2011.
India and Peru are negotiating a trade agreement to increase bilateral trade and investment and the second round of discussions are going to be held in Jan-Feb, 2018 in Peru.
Australian exporters will soon have market access to one of Latin America’s fastest growing economies with the signing of the Peru-Australia Free Trade Agreement.
Peruvian President Pedro Pablo Kuczynski and Australia’s Prime Minister Malcolm Turnbull will sign a declaration of intent so that both economies embark on a free trade agreement.
On July 2016, a Partial Award dismissed the Renco Group Inc. v. The Republic of Peru case, indicating, however, that a new arbitration claim could be pursued against the State.
Trade Representative Robert Lighthizer pointed to the need to modernise agreements with Peru, Colombia, Panama and Chile, as well as the Central America Free Trade Agreement (CAFTA).
The UK´s trade dialogue with the Andean countries will aim to strengthen bilateral trade and prepare the ground for potential future FTAs post Brexit.
Tribunal hearing the Bear Creek Mining’s Santa Ana ICSID arbitration claim has officially closed proceedings in the case.
Peru and Indonesia will likely start negotiating a free trade deal in December as Lima pursues a "very aggressive" trade agenda following Washington’s withdrawal from the Trans-Pacific Partnership, Peru’s trade minister said on Tuesday
Peru expects a “very ambitious” free trade deal with Australia that covers goods, services and investments to be implemented as early as next year, Peru’s deputy trade minister said
India and South American nation Peru would start formal negotiations for a proposed free trade agreement (FTA) from this week.
This past month, eighteen Aymara community leaders endured the final stages of a trial that had them facing up to 28 years in prison and massive fines for their alleged roles in the 2011 ‘Aymarazo’ protests against the Santa Ana silver mine on the Peru-Bolivia border.
Criminal charges pending against 18 community leaders and a billion-dollar court case at ICSID.
The Minerals Council of Australia has said that the country’s mining sector will benefit from the proposed new free trade agreement with Peru.