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India may see revenue loss of Rs 63,000 crore every year as gold, silver imports from UAE surge
17-Jul-2024 The New Indian Express
Free trade agreement between India and the UAE will allow unlimited imports of gold, silver, platinum, and diamonds from the UAE into India with zero tariffs.
Court ruling exempts Colombia from compensating Eco Oro Minerals Corp
17-Jul-2024 Prensa Latina
A court exempts Colombia from paying the Canadian Eco Oro Minerals Corp a compensation for the banning of gold exploitation in the northern Santurban wasteland.
Panama’s reckless gamble with foreign investments
17-Jul-2024 bnamericas
Panama faces arbitration claims arising out of recent measures affecting foreign-owned investments in mining and other sectors, which are worth substantially more than half of its GDP.
Costa Rica wins arbitration against Canadian miner Infinito Gold
17-Jul-2024 The Tico Times
Costa Rica announced that the international litigation filed by the Canadian mining company Infinito Gold has ended after Costa Rican Justices closed the gold deposit in 2010 due to environmental impact.
Dismissal of $15 billion NAFTA legacy case on Keystone XL pipeline is welcome, but billions in egregious claims still remain
17-Jul-2024 Public Citizen
The World Bank has dismissed Canadian oil company TC Energy’s $15 billion ISDS case against the US sought due to lack of jurisdiction.
Brazil and Italy seek to speed up agreement between Mercosur and the EU
16-Jul-2024 FX Leaders
The two blocs have been negotiating a free trade agreement for over two decades, aiming to eliminate most tariffs between the two regions, which would create a commercial space of over 700 million consumers.
Samir case : Corral Holding awarded only $150 million of claimed $2.7 billion
16-Jul-2024 Yabiladi
The ICSID dismissed most of Corral Morocco Holding’s claims against Morocco, amounting to $2.7 billion, awarding the group $150 million.
India, Eurasian Economic Union finalizing broad contours for proposed FTA
16-Jul-2024 Business Standard
India and a trade bloc of 5 countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) are negotiating a free trade agreement. This would mean easier movement of goods and services between the countries, potentially increasing trade. There is still work to finalize the details before they can officially begin negotiations.
Opinion: is a Cambodia-India Free Trade Agreement feasible?
16-Jul-2024 Cambodia Investment Review
Cambodia wants an FTA (Free Trade Agreement) with India to diversify its trade partners and reduce reliance on China. India is a large market but hesitant due to a small trade volume with Cambodia and the concern of China using Cambodia to export goods to India.
India-EU next round of talks for trade, investment agreement likely in Sep
16-Jul-2024 Business Standard
Senior officials of India and the 27-nation European Union (EU) are expected to hold the next round of talks for the proposed free trade agreement, which aims at boosting commerce and investments, in September, an official said.
Nigeria set to begin preferential trade under AfCFTA guided initiative
15-Jul-2024 Leadership
All is now set for the launch of preferential trade under the AfCFTA Guided Trade Initiative by President Bola Tinubu.
US-Maldives TIFA Council meeting held in Washington
15-Jul-2024 Avas
The third meeting of the US-Maldives Trade and Investment Framework Agreement (TIFA) Council took place in Washington, DC.
India-Korea to hold next round of FTA review meeting from Jul 17 in Seoul
15-Jul-2024 The Business Standard
India and South Korea are upgrading their free trade deal. Talks aim to boost trade, address trade imbalance, and improve market access for key products like steel and rice from India.
Australian legal experts call for swift removal of ISDS
12-Jul-2024 AFTINET
62 Australian lawyers and legal scholars have issued an open letter urging the Australian government to swiftly implement its policy of excluding Investor-State Dispute Settlement provisions from current and future trade and investment agreements.
New UK government to finalise FTA by end of 2024, says GCC secretary-general
12-Jul-2024 Gulf Business
Gulf Cooperation Council secretary-general met with UK’s new Secretary of State for Business and Trade to take forward the ongoing free-trade agreement talks.
S. Korea appeals tribunal order to pay $32m to US hedge fund
12-Jul-2024 The Korea Herald
South Korea has filed an appeal against a ruling by a Hague-based arbitration court ordering it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015.
India-UK FTA: Public health must get priority in trade talks
12-Jul-2024 Policy Circle
The India-UK FTA is expected to promote the free movement of goods and services, significantly impacting access to pharmaceuticals, medicines, and devices. FTAs pose new challenges for public health activists in India, necessitating appropriate actions to monitor and advocate for change. This is particularly important for public health advocates concerned with the broader commercial determinants of health.
PH says ‘significant progress’ made in latest UAE FTA talks
12-Jul-2024 Inquirer Net
Philippine trade official said that there was “significant progress” made during the second round of negotiations for the planned free trade agreement (FTA) with the United Arab Emirates (UAE), citing both parties are still on track to finish the pact by year-end.
WTO electronic commerce agreement (draft text, Jun 2024)
11-Jul-2024
India, ASEAN to review trade agreement; finalize changes by year-end
10-Jul-2024 Mint
India will seek to take a second look at the zero-tariff concessions granted by New Delhi to mobile phone imports in talks to review its free trade agreement with the 10-nation bloc of Southeast Asian nations.