ISDS Case Map
Kuwait
Kuwaiti logistics conglomerate Agility to settle by arbitration a $380 million dispute with Iraq's government .
Libya ordered to pay US$935 million to Kuwaiti company for cancelled investment project; jurisdiction established under Unified Agreement for the Investment of Arab Capital.
India today urged Kuwait to support its efforts for early conclusion of talks for the proposed free trade agreement with the Gulf Cooperation Council (GCC).
The federal government, which is facing financial crisis and seeking loans from IMF and other financial institutes, is willing to pay Rs90 million to a Pakistani law firm to plead its case in an international court.
President Asif Ali Zardari has said that Pakistan has keen interest in concluding a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) and seeks Kuwait's support in this regard.
Government officials in Kuwait expressed their keenness over signing a Free Trade Agreement (FTA) with the United States but a senior US economic representative recently noted that talks with regards to the issue are ongoing.
"We are just waiting for the right conditions in place to sign a free trade agreement with Kuwait," said US Secretary of Commerce Carlos Gutierrez said on Wednesday, adding that an FTA with Egypt remains "an opportunity" and one with Libya "early" despite ongoing talks with Tripoli.
Kuwait and the US are now at the phase where they are "trying to understand and see whether there is an opportunity to move forward" from a Trade and Investment Framework Agreement to a bilateral investment treaty or free trade agreement, according to a US Treasury Department official.
US-Kuwaiti trade talks kicked off yesterday at the experts level tackling a number of economic issues within the Trade and Investment Framework Agreement (TIFA) signed between the two countries in February 2004.
A Free Trade Agreement (FTA) will be signed between the US and Kuwait by 2013, a senior US official said.
