ISDS Case Map
Saudi Arabia
In Pakistan, the Special Investment Facilitation Council gave directions to swiftly turn the Bilateral Investment Treaty with Saudi Arabia and Qatar into an economic reality.
Pakistan has emerged triumphant in the arbitration initiated by Tuwairqi Steel against the federation at the Permanent Court of Arbitration in The Hague, Netherlands.
The 56th meeting of the Arab League’s Implementation and Follow-up Committee of the Economic and Social Council focused primarily on implementing the Greater Arab Free Trade Area.
Saudi Commercial Attaché in Pakistan said the Kingdom’s officials were currently assessing advancements in the initial Free Trade Agreement.
These directions were issued after threadbare discussion with Saudi Arabia and Qatar which are insisting on the option of international arbitration in a template of Bilateral Investment Treaty.
Pakistan is likely to scrap Bilateral Investment Treaty template, and allow renegotiating with Saudi Arabia and Qatar on new BIT template.
The investment treaty with Saudi Arabia and Qatar would be annexed with the free trade agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC), highly placed sources told The Express Tribune.
Trade talks will be negotiated through the six-nation GCC bloc, says economy minister.
Indonesia hopes to start talks on a free trade pact with Saudi Arabia and the Gulf Cooperation Council, a minister has said after the Indonesian president’s meeting with Crown Prince Mohammed bin Salman in Riyadh.
Zulhas said one of the topics discussed at the meeting was the formation of the negotiating team for the Indonesia-Saudi Arabia Comprehensive Economic Partnership Agreement (ISA-CEPA).
