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PDVSA ordered to pay Conoco $2 billion after Venezuela oil nationalization: arbitration
In a separate arbitration claim from the ICSID case, the International Chamber of Commerce has ordered Venezuela’s state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil.
Pacific economic ministers cautioned on NZ's PACER-Plus view
PACER-Plus will undermine the right of governments to regulate, and see the Pacific bear the burden of binding commitments in the areas of interest to Australia and New Zealand whilst getting little legal commitments in return.
Mexico wins ‘cheese war’ over Europe in trade deal
Europe did not gain exclusive rights for Spain’s La Mancha farmers to use Manchego, which has protected geographical status in the EU.
Mexico's senate ratifies sweeping Asia-Pacific trade deal
Mexico’s Senate voted to ratify the Trans-Pacific Partnership, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.
Bangladesh official says no rush for free trade pact with China
Bangladesh is in no rush to sign a free trade agreement with China, a senior Bangladeshi trade official said on Tuesday, though Chinese officials said it would help the poor South Asian country cut its deficit with its largest trading partner.
‘Pakistan, China expected to sign revised FTA this year’
Pakistan and China are expected to sign the revised bilateral free trade agreement anytime during this year as the two sided are currently deliberating on the subject, Commerce Minister Pervez Malik said on Tuesday.
Thailand aims to join TPP trade deal
Thailand intends to join the TPP deal, which counts Japan and Australia among its members, after it takes effect. The existing 11 member countries are seeking to have it take effect this year.
India may face pressure to cut duties on 90% of goods traded with China
India is likely to face greater pressure to eliminate duties on 90% of goods it trades with China under the mega trade agreement among 16 Asia Pacific countries that is in the works.
Bangladesh plans FTA with Thailand
Bangladesh has decided to sign a free trade agreement (FTA) with Thailand to boost trade with the Southeast Asian nation.
EU’s new trade deal with Mexico promotes CETA-style investors’ rights while ignoring human rights violations by multinationals
A key feature of the “modernisation” process is the inclusion of a controversial investment protection chapter with the same characteristics as the one recently included in the Canada-EU trade agreement.
Invenergy files international arbitration suit against Poland over wind projects
The Invenergy group has submitted a notice of arbitration against Poland citing violations of Invenergy’s rights as a foreign investor and clear breaches of Poland’s obligations under the United States-Poland bilateral investment treaty.
Scots call for halt to EU’s Mercosur trade talks
Scottish farm leaders have urged the European Commission to postpone its “reckless” trade negotiations with the Mercosur block of South American countries because of fears over the damage it could inflict on the beef sector.
Kimberly-Clark to sue Venezuela over 2016 expropriated factory
US multinational Kimberly-Clark has filed a formal request to take Venezuela to court regarding the expropriation of its abandoned factory by the government of Nicolas Maduro in July 2016.
Why Australia really wants a free trade deal with the EU
A free trade agreement between Australia and the European Union now looks like a viable prospect, so what's in it for both parties?
Russia's PM signs agreement on establishing free trade zone between EAEU and Iran
The agreement provides for the formation of a free trade area on a limited range of goods between the EAEU and Iran.