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PAW2020: The future of ISDS in Africa
African states need to take a unified and proactive approach to investor-state dispute settlement (ISDS), in order to make a system that is fairer to Africa and more consistent.
World’s biggest trade deal in trouble over EU anger at Brazil deforestation
The European Union-Mercosur free trade agreement faces growing opposition from European national governments, EU parliamentarians, and non-profit organizations, in addition to Latin American entities, putting its ratification at risk.
Trade development agreement between Venezuela and Turkey becomes effective August 21
A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21.
Indonesia banks on RCEP
Indonesia is eagerly anticipating the signing of the Regional Comprehensive Economic Partnership (RCEP) in November, believing the China-led trade pact could pave the way for more economic activity and a stronger recovery from the Covid-19 pandemic.
Thailand, UK eying new trade deal
Thailand and the United Kingdom agree to increase their two-way trade and explore the possibility of creating a free trade agreement (FTA).
The risk of investor-state disputes in Asean in the aftermath of Covid-19
The current pandemic, and the treaty claims which are likely to stem from it, are a reminder of the importance for ASEAN to be engaged in ongoing discussions at the United Nations of possible reform of the system of investment treaty arbitration.
Thailand unlikely to join Asia-Pacific trade pact this year
Thailand will take until September to study whether to join a trans-Pacific free trade agreement, potentially missing a window for entry this year amid widespread concern that joining the pact may harm its farm and healthcare sectors.
S. Korea to push for conclusion of Asia-Pacific trade deal this year
South Korea said will push for the conclusion of a mega Asia-Pacific trade deal this year to help boost ailing exports and cope with the growing protectionism around the globe in the face of the new coronavirus pandemic.
Revisiting BITs in the wake of Covid-19
Amidst the global risk of ISDS claims, it is incumbent to shed light on Bangladesh’s BIT structure and its feasibility to confront ISDS claims in the backdrop of Covid-19 regulatory space.
US trade groups urge China to increase purchases of US goods, services
The US Chamber of Commerce and over 40 trade associations on Monday urged top American and Chinese officials to redouble efforts to implement a Phase 1 trade agreement.
Organization in charge of Jeju Yerae Residential Resort Complex to pay over US$100 million to Malaysia’s Berjaya Group
Berjaya is to receive US$104.3 million and to withdraw the notice of intent that it submitted to seek investor-state dispute settlement arbitration for a sum of US$3.42 billion.
Tech firms want ‘strong copyright safe harbours’ in US/UK deal
Unsurprisingly, the big American internet companies have views on what that trade deal should require from the UK in terms of copyright and safe harbour rules.
RCEP free trade deal unlikely to come into force soon, says Asean sec-gen
Once RCEP is signed, it needs to be ratified by all member states for it to come into force, which could take quite a while.
MERCOSUR and Singapore – free trade agreement delayed due to COVID-19
Singapore and the Southern Common Market of South America (MERCOSUR) have experienced a delay in their FTA negotiations after Argentina announced its decision to withdraw from ongoing negotiations on potential trade deals.
Brexit talks resume in London after Brussels round leaves ‘serious divergences’
Britain’s separation talks with the European Union resume Monday with few signs of compromise on a new trade agreement and time running out to avoid a messy split.
Swiss supermarkets ban produce from occupied Western Sahara
The Swiss Federal Council stated on several occasions that it did not consider its free trade agreement with Morocco to apply to the large part of Western Sahara that is under Moroccan occupation.
Kenya, UK to discuss post-Brexit trade agreement
Kenya says it hopes to conclude a post-Brexit trade deal with the UK before the end of the year.
EU must end investment protection in the fossil sector
The Energy Charter Treaty, which dates back to the 1990s, severely restricts Europe’s ability to change regulations in the energy sector, with many EU member states facing court actions worth billions of euros, write a group of MEPs.
Chinese investments enjoy treaty protection. Beijing can drag New Delhi to tribunals
India has a Bilateral Investment Treaty with China since 2007. The treaty provides foreign investors the right to fair and equitable treatment.
’New economic chapter’ as Indonesia free-trade agreement begins
Australia’s new free-trade agreement with Indonesia, the world’s fourth largest country, officially began on Sunday.