ISDS Case Map
Panama
Canada's First Quantum intends to start arbitration against Panama, the Central American nation's trade ministry and the company said, as Panama's top court considers annulling a copper contract that opponents call unfair.
First Quantum notified the government of its intent to initiate arbitration under the Canada-Panama Free Trade Agreement in 2022, during the contract’s negotiation process.
The minister noted the parties will continue negotiating within the framework of a free trade agreement between Canada and Panama and international arbitration rules.
Panama’s decision to restart negotiations towards a free trade agreement with China appear to be an attempt to pressure the US’ own trade agenda.
Panama President Laurentino Cortizo said he intends to immediately restart negotiations with China over a free trade agreement, after conversations were put on hold during the pandemic.
Panama submitted a formal request to revise the agricultural tariff elimination terms of the US FTA. US agriculture groups urge the Biden administration to oppose any changes to agricultural tariffs, TRQs or safeguards.
Panama said it had requested a review of the terms and conditions of a trade agreement in place with the United States since 2012.
The Qatari government is facing a $6 billion international arbitration claim stemming from a case against a member of the country’s ruling family.
South Korea said its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
The US subsidiaries of Bridgestone Corporation lost a $20 million plus arbitration claim against the Republic of Panama filed by under the US-Panama Trade Promotion Agreement.
