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Why Nigeria may not leverage AfCFTA to revamp ailing economy
30-Mar-2023     The Nation
On the strength of Nigeria’s estimated 200 million population and huge market, she was tipped as the biggest potential beneficiary of the African Continental Free Trade Area (AfCFTA) Agreement. However, two years after trading commenced on January 1, 2021, Nigeria is yet to begin practical implementation of the trade pact.
Clive Palmer hires Christian Porter for $300bn lawsuit against Australian government
30-Mar-2023     The Guardian
Clive Palmer’s Singapore-based company Zeph Investments is suing Australia for $296bn, enlisting the help of former attorney general Christian Porter in a landmark case arguing a breach of the Asean free trade deal.
EFTA and Moldova conclude negotiations on a free trade agreement
30-Mar-2023     EFTA
The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Republic of Moldova reached an agreement on a comprehensive free trade agreement.
Kenya to sign EU economic partnership agreement in June
30-Mar-2023     The Star
Kenya and the European Commission have agreed to review the EU Economic Partnership Agreement.
Singapore, Britain launch negotiations on new investment treaty
29-Mar-2023     The Straits Times
Britain and Singapore have started talks on a new treaty that will improve the flow of investments between the two countries. The UK-Singapore Bilateral Investment Treaty (UKSBIT) as it is called will supersede the existing pact that came into force in 1975.
Fourth round of negotiations on proposed Sri Lanka-Thailand FTA held
29-Mar-2023     Adaderana
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held to increase Sri Lankan exports’ access to the Thai market and to reduce existing non-tariff barriers.
Reuters: US ultimatum to Mexico over energy dispute imminent
29-Mar-2023     Mexico News Daily
The United States intends to issue an ultimatum to Mexico in the coming weeks as it seeks to make progress in a dispute over the latter’s nationalistic energy policies.
UAE, Costa Rica to launch free trade talks
29-Mar-2023     Gulf Business
The UAE launched the CEPA programme in September 2021 to expand its trade and investment partnership with several strategic global markets, increase the size of trade exchanges and enhance growth opportunities for national exports.
UK-Australia FTA to remove agricultural good tariffs
29-Mar-2023     Argus
The Australia and UK free trade agreement has received Royal Assent in the UK Parliament, eliminating tariffs on agricultural goods such as beef, wheat and barley.
RCEP to take effect in PHL by June — official
29-Mar-2023     Business World Online
The RCEP will likely take effect for the Philippines around June, a Trade official said. This as the Department of Trade and Industry (DTI) aims to deposit the instrument of ratification for the Philippines’ participation in the mega-trade deal by April 3.