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Int’l tribunal reduces damages S. Korea owes to Lone Star by 600 mln won: ministry
9-May-2023 Yonhap
An international tribunal has accepted the South Korean government’s request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about US$450 million, the justice ministry said
Google, Amazon lobbyists helped US shape new Indo-Pacific Trade Framework
9-May-2023 Bloomberg
US trade officials have solicited the advice of lobbyists for Amazon.com Inc., Alphabet Inc.’s Google and other major technology companies to help craft the new Indo-Pacific trade framework.
EU mulls partial exit from energy treaty over climate concerns
9-May-2023 Reuters
The European Union is considering a proposal to quit an international energy treaty that has become mired in climate change concerns, but leave an option for individual countries to stay in an updated version of the accord, a document showed.
The NZ-UK free trade agreement - what you need to know
9-May-2023 RNZ
NZ Prime Minister announced the free trade agreement (FTA), years in the making, will come into force from 31 May.
Anthony Albanese announces free trade deal with UK Prime Minister Rishi Sunak in London day before coronation
9-May-2023 Sky
The Australian Prime Minister announced the free trade agreement will be ratified on May 31.
Sri Lanka and Bangladesh to resume talks for bilateral trade deal this month
8-May-2023 Daily Mirror
Sri Lanka and Bangladesh plan to hold an introductory meeting virtually on 29th of this month to commence negotiations for the proposed preferential trade agreement (PTA), which is expected to eventually lead to a free trade agreement (FTA).
Thailand eyes 3 deals by 2024
8-May-2023 Bangkok Post
Thailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and and investment.
Piyush Goyal in Canada to discuss FTA, bilateral investments, green transition
8-May-2023 Hindustan Times
India Commerce minister Piyush Goyal will discuss with his Canadian counterpart Mary Ng key economic issues such as investment promotion, green transition, and the ongoing negotiation between the two countries on a free trade agreement (FTA),
US-Taiwan trade agreement on schedule: Trade representative
4-May-2023 RTI
The progress to finalize the U.S.-Taiwan 21st Century Trade Initiative is on schedule though without a definitive signing date.
33 Democrats urge ban on investor-state dispute provisions in all US trade deals
4-May-2023 Reuters
Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions from current and future trade deals
The ‘climate killing’ clauses helping companies sue governments for climate action
3-May-2023 Yorkshire Bylines
If you’ve never heard of ISDS (investor-state dispute settlement) that’s not surprising. ISDS operates in the shadows. It’s a mechanism for solving disputes between parties in cases of foreign direct investment while offering legal protections for the investor. The investment is typically provided by a private company to a foreign ‘host state’.
Ecuador and China will sign significant trade agreement on May 10
3-May-2023 Prensa Latina
Ecuador and China will sign a trade agreement between the two countries on May 10, the signing of the treaty will be done virtually in simultaneous ceremonies in Quito and Beijing.
India’s ties with Russia remain steady. But Moscow’s tighter embrace of China makes it wary
3-May-2023 CNBC
India’s relationship with Russia remains steadfast as both sides seek to deepen their economic ties. But Moscow has also grown close to Beijing since invading Ukraine, and that raises critical national security concerns for New Delhi.
Israel, China hold first direct talks on free-trade agreement since 2019
3-May-2023 Jewish News Syndicate
Israel and China participated in the first direct talks on a free-trade agreement. It confirmed that the talks between representatives from the two countries took place and that issues related to free trade were discussed, including the transportation of goods and customs procedures.
Uncitral Working Group III reaches notable milestones in recent New York meeting
2-May-2023 Mondaq
United Nations Commission on International Trade Law ("UNCITRAL" or "Commission") Working Group III finalized provisions on the use of mediation in ISDS.
Georgian FM, Israeli Economy Minister review cooperation, economic ties
2-May-2023 Agenda.ge
Bilateral and multilateral cooperation involving Georgia and Israel, and economic ties between the countries were discussed on Tuesday. The officials signed a joint declaration on the completion of the feasibility study on the free trade agreement between the two countries.
ICSID Tribunal upholds jurisdiction over an intra-EU Dispute
28-Apr-2023 IISD
This case concerns a dispute between Cavalum SGPS, S.A and the Kingdom of Spain about changes introduced by the respondent to the regulatory and economic regime for renewable energy projects.
US wants Pakistan to ‘do more’ for intellectual property enforcement
28-Apr-2023 Dawn
Pakistan has made significant progress in improving intellectual property legislation, but a lot still needs to be done in the area of enforcement, says US report.
A US fund declares Spain in “technical default” and claims almost 1,000 million government bonds
28-Apr-2023 Time.News
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
Spain tells World Bank it will not pay €2-billion ICSID awards for renewable energy debts
28-Apr-2023 Capital Madrid
The World Bank has sent a de­vas­ta­ting letter to the Spanish go­vern­ment to de­mand pay­ment of the awards that con­demn our country to com­pen­sate the in­ves­tors af­fected by the re­tro­ac­tive with­drawal of the pre­miums granted to re­ne­wable ener­gies.