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Celebrating Venezuela’s annulment victory over Exxon as a "progressive" ruling? Hold the Champagne and read this first
13-Mar-2017 International Economic Law and Policy Blog
An ICSID Annulment Committee’s decision to reduce the damages to be paid to Exxon by $1.4 billion seems like a cause for celebration-a victory of economic sovereignty over Big Oil. But as gifts to economic justice go, this one is a Trojan horse indeed.
China says Chile Pacific trade meeting not about TPP
13-Mar-2017 Reuters
China said that a meeting in Chile to discuss a possible regional Pacific trade deal is not strictly about the languishing Trans-Pacific Partnership (TPP), as China tries to distance itself from one-time U.S.-led trade pact.
S. Korea tentatively signs FTA with 5 Central American countries
13-Mar-2017 KBS
South Korea and a group of Central American countries have tentatively signed a free trade agreement.
ASEAN economic ministers eye RCEP to shape trade and economic liberation in Asia
13-Mar-2017 Xinhua
ASEAN ministers agree to push to achieve considerable progress on the the Regional Comprehensive Economic Partnership
EU capitalizing on free-trade interest amid gloom over Trump policies
12-Mar-2017 Reuters
The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy.
The (partial) dissent in Philip Morris: Gary Born vs. the constitution of Uruguay
12-Mar-2017 IELP Blog
A dissent sends the message: beware, if one other arbitrator had gone the way that Born did, we would have won.
Japan hopes to leave farms out of U.S. economic talks: sources
10-Mar-2017 Reuters
Japan will push to leave agriculture out of its first economic talks with the Trump administration next month.
Mercosur trade bloc agrees common position ahead of EU talks
10-Mar-2017 EurActiv
Foreign ministers of the South American Mercosur trading bloc have reached a common position ahead of negotiations with the European Union on a potential trade deal.
Tribunal confirms ₹10,247-cr tax demand on Cairn UK
10-Mar-2017 The Hindu
The tax dispute between the Indian government and Cairn Plc has been the subject of international arbitration from 2014.
Costa Rica wins international arbitration against Zeta Gas
10-Mar-2017 Q Costa Rica
The ICSID Arbitral Tribunal has ruled that the Costa Rican government did not cause damage to the company of Swiss capital, Gas Nacional Zeta.
Peru "prefers" FTA with Asia through Pacific Alliance
10-Mar-2017 Latin America Herald Tribune
Peru will try to expand its free trade agreements with countries of the Association of Southeast Asian Nations (ASEAN), but "preferably" through the Pacific Alliance
EU and ASEAN agree to put free trade pact back on agenda
10-Mar-2017 Reuters
The European Union and the Association of Southeast Asian Nations said the two blocs would try to revive plans for a Free Trade Agreement (FTA) between them.
Open letter to trade ministers meeting in Chile, 14-15 March 2017
10-Mar-2017 Public Citizen
We believe it is not acceptable for TPP rules to be used as a model for future trade negotiations.
Venezuela lawyer says $1.4 billion Exxon damages award overturned
10-Mar-2017 Reuters
A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled
Canada, China moving closer to potential trade talks
10-Mar-2017 ICTSD
Efforts to lay the groundwork for possible negotiations on a bilateral Canada-China trade deal continue underway, with Canadian officials launching a three-month domestic consultations period.
Kyrgyz Republic moves to set aside Stans UNCITRAL jurisdiction ruling
10-Mar-2017 SAT PR
The Kyrgyz Republic has notified Stans that it filed a claim with the High Court of Justice to set aside the jurisdictional award rendered by the UNCITRAL Tribunal in favor of Stans.
Sugar subsidies, America’s least efficient corporate welfare program
10-Mar-2017 Panam Post
As part of NAFTA, Mexico was granted special access to the U.S. market but more akin to the “imperial preference” that Great Britain once provided for members of the British Empire.
Paths open to new Pacific trade pact, post-TPP: Chile trade head
10-Mar-2017 Reuters
Countries that signed up for the failed trade pact known as the Trans-Pacific Partnership (TPP) will meet in Chile, seeking a way forward on a possible future regional deal
The little deal that could: Canada & the E.U. ink the biggest global trade-deal in two decades
10-Mar-2017 Jamie’s Food Revolution
After seven long years of negotiation fraught with controversy, the two trade blocks have cemented the ‘Comprehensive Economic Trade Agreement’ – aka. CETA.
CEMAC invites European Union to re-join negotiations on Economic Partnership Agreement
10-Mar-2017 Business in Cameroon
The CEMAC ministers decided not to adhere to the stage Agreement as is, and to continue negotiating for a complete regional EPA.