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Malacanang ratifies RCEP, Senate for concurrence
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product.
RCEP edges closer to ratification in an Indonesia battered by COVID-19
Despite some obstacles, the country is slated to become the third Southeast Asian nation to ratify the mega trade pact. While there is still a chance that RCEP’s enabling legislation could get stuck in the DPR’s slow machinations.
European Parliament voices support for EU-Taiwan investment agreement
The European Parliament adopted a resolution during a plenary session on Thursday in which it urged the European Union to negotiate a bilateral investment agreement (BIA) with Taiwan.
Multinational corporations and COVID-19: Intellectual property rights vs. human rights
Transnational companies today rely more than ever on IPR to structure their global value chains, writes Peter Rossman
The UK has committed to making Africa’s landmark trade agreement successful
James Duddridge, the UK’s minister for Africa, signed a memorandum of understanding with Wamkele Mene, the secretary-general of the Africa Continental Free Trade Agreement (AfCFTA) secretariat.
China applies to join Asian trade deal US abandoned
Beijing has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to isolate China and solidify American dominance in the region.
WTO plurilateral investment facilitation draft consolidated revised Easter text
Some WTO Members are negotiating rules on facilitating investment. This is the draft consolidated text as of 23 July 2021 ("revised Easter text"). It updates the Easter text available at https://www.bilaterals.org/?wto-plurilateral-investment-45012.
Bangladesh, Australia sign trade, investment agreement
Commerce Minister Tipu Munshi and his counterpart Australian Minister for Trade, Tourism and Investment, Dan Tehan signed a framework on trade and investment between Bangladesh and Australia on Wednesday.
S. Korea to expand FTAs with more emerging countries in S.E. Asia, Latin America
South Korea said it plans to implement or launch negotiations for a set of new FTAs with trading counterparts from Southeast Asia and Latin America this year, as part of efforts to reduce its reliance on major economies.