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Russian State Duma ratifies FTA between EAEU, Iran
31-May-2024 Mehr
Russia’s State Duma (lower house of the parliament) has ratified the free trade agreement between Eurasian Economic Union (EAEU) members and the Islamic Republic of Iran.
China suspends tariff concessions on 134 items under Taiwan trade deal
31-May-2024 Yahoo
China will reinstate tariffs on 134 items it imports from Taiwan next month after the Ministry of Finance said it would suspend concessions given on the items under a trade deal because Taiwan had not reciprocated.
Historic victory: Council gives green light for EU withdrawal from climate-wrecking Energy Charter Treaty
31-May-2024 CAN Europe
The Council of the EU adopted a historic decision to withdraw the European Union from the Energy Charter Treaty, an international investment treaty from the 1990s increasingly used by the fossil fuel industry to sue governments over their climate and energy policies.
EU approves economic partnership deal with Kenya
31-May-2024 Yeni Safak
Agreement set to strengthen cooperation with Kenya — recognized as economic hub of East Africa — benefiting workers, businesses, traders on both sides.
Mozambique: ETG threatens international arbitration as ‘pigeon pea saga’ drags on
31-May-2024 Club of Mozambique
African commodities house ETG has warned Mozambique that it will seek international arbitration in a dispute over the seizure of up to US$60 million’s worth of goods.
Limited appetite among member states for EU trade sanctions on Israel
31-May-2024 Euractiv
Amid growing calls for economic sanctions against Israel in view of the worsening humanitarian toll of its military operations in Gaza, EU trade ministers briefly discussed the issue but remained far from deciding on actual steps.
Malaysia keen to sign FTA, invites Bangladeshis for education, health
30-May-2024 Dhaka Tribune
Malaysia is keen to sign a Free Trade Agreement (FTA) with Bangladesh to increase two-way trade and investment and urges Bangladeshis to explore the international standard of education and healthcare services in Kuala Lumpur.
Berkeley seeks $1 bln in damages from Spain over uranium mine dispute
29-May-2024 Reuters
Australian mining group Berkeley Energia filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
Commerce Department fine tuning strategy for negotiating FTAs
29-May-2024 The Hindu BusinessLine
The Commerce Department is working on finetuning the strategy and position to be adopted for negotiating free trade agreements, including tackling of contemporary issues such as labour, environment and gender, to have optimum results.
Election delays over FTA: Finalising the Indo-UK deal will have to await the incoming governments in both nations
29-May-2024 Financial Express
India has a trade surplus of £7.4 billion. There are 26 chapters in the FTA, which include goods, services, investments and intellectual property rights.
S. Korea, UAE forge comprehensive economic partnership pact
29-May-2024 Yonhap
South Korea and the United Arab Emirates signed a comprehensive economic partnership agreement freeing up trade between the two countries.
Australia, EU mineral pact ’augurs well’ for free trade
28-May-2024 Yahoo
A new agreement between Australia and the European Union to boost the supply of critical minerals and technology is being heralded as a positive step towards a full free trade negotiation.
Bangladesh, Japan begin formal talks to sign trade deal
28-May-2024 The Daily Star
Bangladesh and Japan have formally begun the negotiation to strike a trade deal to allow manufacturers to keep enjoying duty-free export benefits in the post-LDC era and draw investments from the Far East nation.
Belarus, Equatorial Guinea to deepen cooperation in investment
28-May-2024 BelTA
The head of state of Belarus signed the law on the ratification of the agreement with Equatorial Guinea on the promotion and mutual protection of investments.
EU convenes Israel to discuss respect of human rights and ICJ ruling on Rafah
28-May-2024 Euronews
European Union foreign ministers agreed to call for an Association Council with Israel to discuss the country’s compliance with its human rights obligations under the EU-Israel trade deal, also known as the Association Agreement.
Uruguayan State requested hefty sum in damages over Montevideo Port deals
27-May-2024 MercoPress
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
Israel to abolish free trade deal with Turkey, impose 100% tariff on imports
27-May-2024 The Arab Weekly
The plan, would be submitted to the cabinet for approval, in retaliation for Turkish President Tayyip Erdogan’s decision to halt exports to Israel.
Eurohold and EIG launch EUR 500 mln arbitration proceedings against Romania
27-May-2024 Romania-Insider
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
Indonesia urges fair treatment from EU amid prolonged trade talks
27-May-2024 Jakarta Globe
Indonesia’s Chief Economic Affairs Minister, Airlangga Hartarto, stressed the need for fair treatment in trade negotiations with the EU. He emphasized Indonesia’s significant potential and its future as a developed nation by 2045. He called for fair treatment and added value for Indonesia’s economy.
Iran-Indonesia PTA to go operational soon
27-May-2024 Tehran Times
The two countries intend to set up a joint committee for the operationalization of the preferential trade agreement which is tasked with monitoring and updating the lists and discounts that Iran and Indonesia consider for each other.