Indonesia and Australia inked a free trade agreement earlier this week, after eight years of negotiations and several times of delay.
US Technology giant IBM filed a $51 million counter lawsuit in an Israeli court against Israel Chemicals company (ICL) concerning a dispute over a failed computing project.
The three David’s have one thing in common, that is they need safe passage in South China Sea. To the US, Japan, and China, the South China Sea continue to be of strategic importance to them to let their little differences stand in the way.
The European Union, in both subtle and not so subtle ways, has started imposing sanctions on Cambodia. These, and US lawmakers’ further pressure with trade restrictions on Cambodia is predictable.
Instead of playing the blame game, Cambodia should focus on its next economic phase
The possibility of a partial suspension of the Everything But Arms (EBA) preferential trade access that might target certain industries surfaced in the buzzing aftermath of the EU beginning its review process.
The dust had barely settled when the Cambodian government, revelling in its majority win for a renewed mandate, felt the blow from the European Union over its alleged general election manouvre to oust its opposition.
Will a new EU Parliament show greater maturity in dealing with Cambodia?
EBA status allows the world’s poorest countries to sell any goods tariff-free to EU nations, except weapons. About 48 countries are EBA beneficiaries including Myanmar, Lao PDR, Bangladesh, Nepal, and Timor-Leste.