After 26 years of frustration over its start-and-stop bid to join the European Union, would Turkey ever consider joining a rival regional bloc led by the Kremlin? Few observers believe it likely, but it’s not completely out of the question.
Pakistan has landed in hot waters following the provisional decision of ICSID (international court for settlement of investment disputes) announced on October 16 which says that government of Pakistan should allow the Karkey’s vessel based power generation unit to move from Karachi port, as Supreme Court’s verdict is quite vivid that says that unless and until Karkey gives $ 128 million to Pakistan it cannot be allowed to leave the port, Pakistan Observer has learnt reliably.
Giving official reaction to the claim of Turkish firm Karkey Karadeniz ElektrikUretim regarding release of a power vessel, a senior official in the Attorney General’s office on Tuesday said that the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID) had rejected Turkish company’s Rental Power Project (RPP) Karkey claim against Pakistan.
Turkey’s exclusion from the Transatlantic Trade and Investment Partnership (TTIP) of the US and the EU would cause 2.5 percent of its national income to melt, a recently published study shows
Peru's Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
Most people are aware of Serbia's free trade agreement but what is less known is Serbia's free trade agreement with Turkey. Free trade agreements also exist between Kazakhstan, Belarus, CEFTA, EFTA, European Union and the USA.
Peru's Foreign Trade Association (ComexPeru) said Monday that Peru should continue promoting free trade agreements with India, Turkey, Israel, Russia and Arab countries as they boost non-traditional exports.