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Wave of investment arbitration claims against African countries
16-Jun-2023 Euro.es
In the last week, four African countries have received investment arbitration claims before the International Center for Settlement of Investment Disputes (ICSID). Cameroon, Nigeria, the Democratic Republic of the Congo and Tunisia have been sued by investors from Italy, the Republic of Korea, Australia, Singapore and the United Kingdom.
Sri Lanka possibly joining RCEP trade deal: ASEAN
16-Jun-2023 The Island Online
ASEAN Secretary-General Kao Kim Hourn on Wednesday met with the Sri Lankan presidential secretariat, led by the president’s senior economic adviser Dr. R.H.S. Samaratunga, in Jakarta.
Joint press release on the meeting between President of the European Commission Ursula von der Leyen and President of Mexico Andrés Manuel López Obrador
16-Jun-2023 European Commission
To develop a deeper political, trade and cooperation partnership, President López Obrador and President von der Leyen concurred on the importance of the draft modernised Global Agreement and agreed to expedite negotiations with a view to finalise the agreement before the end of the year.
Honduras ends FTA with Taiwan after president visits China
15-Jun-2023 Taiwan News
Honduras told Taiwan it is ending their bilateral free trade agreement, effective from the end of 2023.
France’s Lower House votes against EU-Mercosur FTA
15-Jun-2023 MercoPress
The bill is asking the Executive to refuse to sign the pact, as well as supporting its possible suspension in case the environmental conditions established in the Paris Agreement are not respected.
Korea seeks digital trade pact with EU
13-Jun-2023 The Korea Times
Korea will push to clinch a bilateral pact on digital trade with the European Union to facilitate trade in the digital realm and to enhance industry cooperation, the industry ministry said.
New economic framework IPEF an empty US pledge: Financial Times
13-Jun-2023 Xinhua
Without substantial new access to the US market or other trade privileges on offer, there’s little incentive for partner countries to make big commitments themselves.
China’s Xi says willing to begin free trade talks with Honduras
13-Jun-2023 Yahoo
Honduras’ President Xiomara Castro is on a six-day official visit to China. She launched diplomatic relations with Beijing after cutting ties with Taiwan. The country is also seeking support from China to mitigate its debt burden.
International body rules in favour of Nepal government in Ncell taxation case
13-Jun-2023 The Kathmandu Post
The Axiata Group had filed a case at the International Centre for Settlement of Investment Disputes in May 2019, claiming damages worth around Rs66 billion.
Cambodia, UAE sign off on economic partnership
13-Jun-2023 The Phnom Penh Post
Cambodia and the United Arab Emirates (UAE) have signed a bilateral Comprehensive Economic Partnership Agreement.
Indonesia accuses EU of ’regulatory imperialism’ with Deforestation Law
12-Jun-2023 Kontan
Indonesia sees the European Union as conducting "regulatory imperialism" with its new deforestation law, but both sides would still engage in talks on a free trade deal, an Indonesian minister said.
Philippines-South Korea FTA signing feasible this year
12-Jun-2023 Philstar Global
The signing of a free trade agreement (FTA) between the Philippines and South Korea is still feasible this year, according to Trade Secretary Alfredo Pascual.
S. Korea calls for non-discriminatory application of EU acts
12-Jun-2023 Yonhap News Agency
South Korea called on the European Union to ensure its new acts on batteries, critical minerals and net-zero goals are not discriminatory against foreign companies, as the two sides seek to enhance trade and industry ties, Seoul’s industry ministry said.
The Protocol on Investment to the Agreement Establishing the African Continental Free Trade Area: What’s in it and what’s next for the Continent?
12-Jun-2023 IISD
With the Protocol on Investment (POI) to the agreement establishing the African Continental Free Trade Area (AfCFTA) adopted, the next question is, ‘ What’s in it and what’s next for the Continent”?
USTR releases summaries from US-Kenya Strategic Trade and Investment Partnership negotiations
12-Jun-2023 Office of the US Trade Representative
The Office of the United States Trade Representative (USTR) today released summaries of texts proposed by the U.S. side during the first negotiating round of the United States-Kenya Strategic Trade and Investment Partnership (STIP).
Kenya commits to becoming Africa’s gateway to free trade
12-Jun-2023 The Star
Kenya has committed to becoming the preferred gateway to the African Continental Free Trade Area (AfCFTA).
Zenith Energy Ltd launches legal proceedings against Tunisia, seeking compensation of $48 Million
12-Jun-2023 BNN
Zenith Energy Ltd, an international energy firm, filed a lawsuit against Tunisia on Wednesday, claiming financial damages of at least $48 million.
Angola committed to AfCFTA accession process
12-Jun-2023 Namibia News Digest
Angola remains committed to the process of accession to the African Continental Free Trade Area (AfCFTA), ANGOP learnt on Thursday.
Nigeria to review bilateral treaty with Netherlands to improve economic ties
11-Jun-2023 Nigerian Tribune
The Nigerian government and the Kingdom of Netherlands have engaged in an Economic Consultation to improve the existing bilateral investment treaty between both countries to strengthen economic interests and opportunities.
Kenya calls on Africa to use PAPSS to ditch US dollar in trade deals
11-Jun-2023 The North Africa Post
Kenya’s President William Ruto has called on African leaders to take first steps towards ditching the US dollar as the world’s reserve currency by adopting a pan-African payments system to facilitate trade within the continent.