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Mixed messages to investors as India quietly terminates bilateral investment treaties with 58 countries
17-Mar-2017 Lexology
The Government of India says it has sent notices to terminate bilateral investment treaties (BITs) with 58 countries, including 22 EU countries. It has been reported that many of these BITs will cease to apply to new investments from as early as April 2017.
Exxon Mobil lawyers ask court to enforce $188M Venezuela award
17-Mar-2017 Daily Business Review
Lawyers for Exxon Mobil have asked a federal judge to order Venezuela to pay the company more than $188.3 million—the amount Exxon Mobil says it is still owed as repayment for the 2007 expropriation of its oil assets.
Chinese government wins ICSID tribunal against South Korea’s Ansung, MOFCOM welcomes decision
17-Mar-2017 Yicai Global
The Ansung case is the first international investment dispute to enter the arbitration stage where the Chinese government is a party.
RCEP to give Philippines better market access than existing trade deals
17-Mar-2017 Business Mirror
ADB advisor Ganeshan Wignaraja said the Philippines must implement domestic reforms to make it more competitive should the RCEP be signed.
China lays foundations for Eurasian free trade after TPP failure
16-Mar-2017 China Briefing
The demise of the TPP and the recent politicizing of trade have made China rethink what it really wants from free trade agreements (FTAs).
Getting back to basics in Vina Del Mar
16-Mar-2017 IATP
Countries should look to Fair Trade for guidance, and even further to their own domestic policies, for a sustainable way to build the global economy.
India, Russia to discuss free trade agreement, ways to bolster bilateral trade
15-Mar-2017 Live Mint
Nirmala Sitharaman and Russia’s Denis Manturov will discuss possibility of a free trade agreement, or FTA, between India and Eurasian Economic Union.
Trump’s USTR nominee pledges tough enforcement of U.S. trade laws
15-Mar-2017 Reuters
Lighthizer pledged to fight for strong protections for intellectual property rights and for digital trade access.
Anti-TPP protesters clash with riot police in Chile
15-Mar-2017 Tele Sur
Riot police clashed with protesters in Viña Del Mar, where representatives of the 11 remaining member states of the Trans Pacific Partnership together with China, Colombia and South Korea met.
Mustapa: RCEP is next best option to junked TPPA
15-Mar-2017 The Star
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia is not keen to salvage the TPPA with the other 10 nations after the United States pulled out of the trade pact.
As ministers meet on scrapped Pacific trade deal, decisions elusive
15-Mar-2017 Reuters
Ministers and officials representing the 12 countries of the failed Trans-Pacific Partnership, plus China and South Korea, began talks in Chile, but any concrete decision on how a new trade pact might look seemed far off.
Ensuring the primacy of human rights in trade and investment policies
15-Mar-2017 CIDSE
Model clauses for a UN Treaty on transnational corporations, other businesses and human rights.
India refuses Canada’s proposal of signing investment deal before free trade pact
15-Mar-2017 The Hindu
New Delhi says it will not result in a balanced outcome.
Indonesia-Chile CEPA negotiations resume after delay
15-Mar-2017 Jakarta Post
After being delayed for more than two years, negotiations for a comprehensive economic partnership agreement between Indonesia and Chile resumed.
Green light for Romania to terminate its intra-EU bilateral investment treaties
15-Mar-2017 Kluwer Arbitration Blog
The Romanian Parliament sent to the Romanian President for promulgation the Law allowing for the termination of the Bilateral Investment Treaties between Romania and other Member States of the European Union.
Chileans protest bid to revive embattled TPP after Trump’s exit
15-Mar-2017 Tele Sur
Activists have a message for trade ministers meeting in Chile: the TPP is dead.
EAEU working on free trade zone agreements with China, Iran
15-Mar-2017 TASS
About 40 countries are currently interested in establishing trade and economic relations with the EAEU
Asean members reaffirm 90 per cent tariff cuts under RCEP
14-Mar-2017 Bangkok Post
ASEAN members are holding to their vow to cut import tariffs on 90 per cent of products under RCEP
Vietnam to test Trump on signing solo trade pacts
13-Mar-2017 Voice of America
Vietnam will test U.S. President Donald Trump’s openness to one-on-one trade deals as it starts nudging Washington for an eventual agreement to replace its role in the defunct Trans Pacific Partnership.
The Hague Arbitration Court recognizes Russia’s obligations to protect Ukrainian investors in Crimea after annexation
13-Mar-2017 Interfax
Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.