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Pakistan seeks amendment in ICSID’s order
Pakistan has landed in hot waters following the provisional decision of ICSID (international court for settlement of investment disputes) announced on October 16 which says that government of Pakistan should allow the Karkey’s vessel based power generation unit to move from Karachi port, as Supreme Court’s verdict is quite vivid that says that unless and until Karkey gives $ 128 million to Pakistan it cannot be allowed to leave the port, Pakistan Observer has learnt reliably.
ICSID rejects Karkey’s claim against Pakistan
Giving official reaction to the claim of Turkish firm Karkey Karadeniz ElektrikUretim regarding release of a power vessel, a senior official in the Attorney General’s office on Tuesday said that the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID) had rejected Turkish company’s Rental Power Project (RPP) Karkey claim against Pakistan.
Europe touts gains in Canada free-trade deal, internal document shows
A European Union analysis of the just-completed trade agreement with Canada suggests the EU gained more than it expected – and might have settled for less had Ottawa pushed harder.
Optimism on GCC-Singapore free trade deal despite lower exchange
Trade between the GCC and Singapore has declined by a fifth this year, but a newly ratified free trade agreement is shoring up officials’ optimism. Trade in the first half of this year declined to US$30.2 billion from $38bn last year, partly due to lower Saudi oil shipments, said Singapore’s trade ministry.
South Africa draft PPIB (2013)
Proposed legal framework to replace previous BITs
Swiss govt reacts to termination of investment treaty with SA
The Swiss government says it regrets South Africa's decision to terminate the bilateral investment treaty between the two countries.
EU boasts of gains in Canada free-trade deal
A European Union analysis of the just-completed trade agreement with Canada suggests the EU gained more than it expected - and might have settled for less had Ottawa pushed harder.
India Inc unable to reap benefits of Goods FTA with ASEAN: FICCI
Indian companies have been unable to capitalise on potential benefits arising out of the free trade agreement on "goods" between India and ASEAN, industry lobby Ficci has found.
FTA talks with EU postponed to give way to TPPA negotiations
The negotiations on the free trade agreement between the European Union and Malaysia were postponed to give way to the Trans-Pacific Partnership Agreement talks, said the Ministry of International Trade and Industry.
Canadian beef makes gains in EU agreement, but US must aim higher
Canada won’t realize the benefits negotiated under CETA until it allows imports of beef produced in the EU, which is still banned due to BSE. This is a concession the EU will also press the US to make in the TTIP, says the US beef industry.