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China, Asean aim to clinch free-trade deal upgrade led by EVs, e-commerce
1-Oct-2024 South China Morning Post
China and ASEAN are working to upgrade their free trade agreement to cover areas like e-commerce and environmental protection. This upgrade is expected to boost trade and investment between the two regions. China seeks to expand its economic ties with ASEAN amid growing tensions with the US and EU. ASEAN countries are also interested in strengthening their supplier networks in China.
India and Uzbekistan sign Bilateral Investment Treaty in Tashkent
1-Oct-2024 Hindustan Times
India and Uzbekistan have signed a Bilateral Investment Treaty (BIT) to boost economic cooperation and protect investors. The BIT aims to increase investor confidence, provide dispute resolution mechanisms, and protect investments from expropriation.
Investors sue Finland for attempt to curb power transmission prices
1-Oct-2024 XM
Investors in Finland’s largest power distributor Caruna are taking the Nordic country to arbitration, the Finnish foreign ministry said, due to the Finnish Energy Authority’s attempt to curb rising power transmission prices for ordinary consumers.
Philippines, UAE to continue FTA negotiations in October – official
30-Sep-2024 Inquirer.net
Further progress has been made during the negotiations for the free trade agreement between the Philippines and United Arab Emirates, with the continuation of the discussions scheduled for the fourth week of October.
Kosovo completes free trade negotiations with EFTA
30-Sep-2024 SeeNews
Kosovo’s industry ministry has concluded negotiations for a free trade agreement with the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland and Liechtenstein.
India signs key pacts on clean and fair economies under IPEF, no progress on trade pillar yet
30-Sep-2024 Mint
India is now signatory to three out of the four pillars under the IPEF, sees current terms of the trade pact as less favourable for the country.
IPEF expected to be up and running next year
30-Sep-2024 Business World
The Indo-Pacific Economic Framework (IPEF) for Prosperity is expected to be fully functional next year, with the trade component of the agreement to be substantially complete by the end of 2024.
Tanzania faces $500 Million investment dispute from Aqua Power
30-Sep-2024 Media Wire Express
In its claim, Aqua Power is demanding $500 million for lost business revenue over the past four years and for the value of its current projects within Tanzania.
Mexico loses phosphate mining lawsuit in controversial arbitration process
27-Sep-2024 Mongabay
Odyssey Marine Exploration, a deep-sea mining company based in Florida, sued Mexico after rejecting environmental permits for a phosphate mining project off the coast of the state of Baja California Sur.
EU-Singapore agreement on digital trade (Aug 2024)
26-Sep-2024 European Commission
NZ concludes trade deal with Emirates
26-Sep-2024 NZ Herald
The deal, called a Comprehensive Economic Partnership Agreement, is the most “trade liberalising” of any CEPA signed by the UAE to date.
Talks with Serbia begin on economic partnership agreement
26-Sep-2024 Korea.net
The Ministry of Trade, Industry and Energy has begun negotiations on an economic partnership agreement, a type of free trade deal, with the country’s first Balkan partner country Serbia.
Ukraine and Japan are preparing to sign an agreement on investment protection - Shmyhal
26-Sep-2024 UNN
Prime Minister of Ukraine Denys Shmyhal announced preparations to sign an investment protection agreement with Japan.
India, Korea discuss upgrading of existing trade pact; promoting investments
26-Sep-2024 Deccan Herald
The two countries are holding review meetings to upgrade the CEPA, which was operationalised in January 2010. So far, over 10 rounds of review talks have been held.
Opponents of controversial energy investment treaty to go after old agreements
26-Sep-2024 Euractiv
Having pushed the EU out of the controversial Energy Charter Treaty, pressure groups and MEPs are now aiming for the legacy of over 1,000 bilateral investment agreements signed over decades.
EU-Japan FTA: Data flows and personal data protection protocol (Jan 2024)
26-Sep-2024 European Commission
India to sign bilateral investment treaty with Uzbekistan during FM Sitharaman’s visit
25-Sep-2024 The Financial World
India’s Finance Minister will sign a bilateral investment treaty between India and Uzbekistan.
IEU-CEPA agreement hampered by reshuffle in EU: Minister
25-Sep-2024 Antara News
Indonesia’s negotiations for the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) have been slowed due to a change in the European Union cabinet. While the negotiations are nearing completion, changes in European negotiators have led to revised requirements for Indonesia.
Dairy sensitive sector; no plans to open up in any FTAs: Piyush Goyal
25-Sep-2024 Business Standard
India’s dairy sector remains protected from duty concessions under FTAs to safeguard small farmers’ livelihoods. Despite discussions with trading partners like Switzerland, Norway, and Australia, India has maintained its stance on protecting the dairy industry. While open to trade, India imposes customs duties on dairy products to ensure a level playing field for its domestic farmers.
Senate ratifies PHL-South Korea FTA
25-Sep-2024 Business World Online
The Philippine Senate has ratified a free trade agreement with South Korea. This move will reduce tariffs on various goods between the two countries. The Philippines aims to increase exports of bananas and processed pineapples to South Korea, while South Korean automakers are expected to benefit from reduced tariffs on their products.