ISDS Case Map
Papua New Guinea
Canada’s Barrick Gold said it would challenge the Papua New Guinea government alleged move to grant a 20-year lease for the Porgera gold mine to a state-backed firm.
The governments of Papua New Guinea and Australia signed the Papua New Guinea-Australia comprehensive strategic and economic partnership (CSEP).
Canadian miner Barrick Gold Corp said it served a dispute notice to the Papua New Guinea government over the country’s refusal to extend a mining lease in the Porgera valley.
The Chinese and Papua New Guinea governments are keen to move forward to get the free trade agreement (FTA) negotiations under way.
PNG and the United States of America are to sign the Trade and investment Framework Agreement (TIFA) which is close to being finalised, says US Ambassador.
The New York Convention is regarded as the most influential treaty in the area of international trade and international commercial arbitration.
PNG to call on EU for a review of the current interim Economic Partnership Agreement. PNG is ready to look into new investments, new industry developments, new commercial services, infrastructure for trade and increase volume of trade in goods.
Chinese President Xi Jinping called on the two sides to reach a consensus as soon as possible to start negotiations on a free trade agreement. Papua New Guinea was the first among Pacific island countries to sign a cooperation agreement on the Belt and Road.
The United Kingdom says it will honour the current Economic Partnership Agreements (EPA) with PNG and other ACP member states that have existing preferential trade relations with the European Union, after Brexit.
