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ICSID committee annuls nearly 90% of award against Venezuela
9-May-2017 Lexology
An International Centre for Settlement of Investment Disputes (ICSID) Committee has annulled nearly 90% of the US$1.6 billion Award which had been won by ExxonMobil affiliates in their ICSID arbitration against Venezuela.
Tariffs on paper from Indonesia ’potentially lethal’ for free trade deal
9-May-2017 Sidney Morning Herald
Australia’s decision to impose tariffs on cheap paper imported from Indonesia could be "potentially lethal" for free trade negotiations.
Spain loses first arbitration claim over cuts to renewable energy subsidies
9-May-2017 El País
Spain has lost its first international arbitration process over cuts to renewable energy subsidies
Aus, NZ trying to corner India in Oceania
9-May-2017 Sunday Guardian Live
One of Prime Minister Narendra Modi’s most insightful, if low key, foreign policy initiatives was to work to deepen relations with more than a dozen island nations of Oceania.
Asean Minus X formula to fast-track RCEP–PHL
9-May-2017 Business Mirror
Philippines has asked fellow RCEP negotiating countries to consider the use of “opt out and reciprocity” flexibilities to speed up the negotiations
RCEP will hurt local industry and allow workers’ exploitation, says civil society
9-May-2017 Down to Earth
RCEP is being negotiated in secrecy, but it is likely to favour big companies and threaten India’s agriculture, industry and e-commerce sectors
Labor groups raise grave concerns over RCEP
9-May-2017 Focus on the Global South
Representatives from major trade unions in both the public and private sectors have raised serious concerns on the possible impacts of the Regional Economic Comprehensive Partnership Agreement (RCEP) which is currently being negotiated in Manila.
MSF response on RCEP negotiations in the Philippines
8-May-2017 MSF
Negotiators must protect public health safeguards that enable developing countries like India to keep supplying life-saving affordable medicines for millions of people worldwide.
Stop trading workers’ rights over profits
8-May-2017 Forum on FTAs
RCEP magnifies existing inequalities and discriminates against women, indigenous peoples, people living with HIV or other illnesses, people with disabilities,rural communities, farmers and workers
Australia-US free trade agreement leaves US companies in the lurch
5-May-2017 The Hill
The lack of a defined procedure under the AUSFTA is extremely prejudicial to U.S. companies and banks: chairman of APR Energy
U.S. farm groups pile on Canada as Trump eyes trade fairness
5-May-2017 Reuters
U.S. poultry exporters, who include Tyson Foods Inc and Pilgrims Pride Corp, as well as egg sellers, are expected to seek greater access to Canada’s tightly controlled market in renegotiations of the North American Free Trade Agreement (NAFTA).
UAE, China agree to complete “free trade” with Gulf states
5-May-2017 Al Awsat
China and the United Arab Emirates said they would expand cooperation and work toward a free trade agreement between China and the six Gulf Cooperation Council (GCC) countries.
Vietnam to work with TPP members on future orientations
5-May-2017 Vietnam+
Vietnam will work with the member states of the Trans-Pacific Partnership agreement to reach a consensus on future orientations for the deal.
District court confirms arbitral award against Venezuela in dispute over gold deposits contract
5-May-2017 Mondaq
A federal district court in Washington, D.C. recently confirmed a $1.2 billion arbitral award in favor of Crystallex International Corp
New Pacific trade pact goes against the protectionist tide
5-May-2017 Nikkei
But 14-nation deal may be largely symbolic without Fiji and Papua New Guinea.
Beyond investment protection: group warns of intensified corporate attacks vs people’s rights as ASEAN leaders meet in PH
5-May-2017 People Over Profit
The People Over Profit network together with local civil society organizations in the Philippines warn of intensifying corporate attacks on people’s rights and join calls for an independent, sovereign and peaceful Southeast Asian region.
RCEP talks: India under pressure to offer deeper tariff cuts
5-May-2017 The Hindu Businessline
Going forward has become extremely difficult for India as most RCEP members want zero duties on almost all products
New Asia-Pacific trade agreement lacks protections for one-sixth of world’s forests
5-May-2017 Ecobusiness
RCEP should make sure it promotes and protects the legal trade of forest products.
China could work on RCEP deal without India
5-May-2017 Global Times
China could set a goal of reaching an RCEP deal without India.
Japan pitches idea of five-nation TPP: sources
4-May-2017 Japan Times
An idea has emerged that the Trans-Pacific Partnership can take effect among at least five nations including Japan, Australia and New Zealand.