Free trade

Davis Commodities Limited Announces Fiscal Year 2023 Financial Results

Retrieved on: 
Mercredi, mai 15, 2024
Insurance, FTA, Free trade, Income tax, Government, Marketing, EPZ, Growth, The Company, Public expenditure

Africa’s contribution to total revenue increased to 42.3% for fiscal year 2023, from 27.5% for fiscal year 2022.

Key Points: 
  • Africa’s contribution to total revenue increased to 42.3% for fiscal year 2023, from 27.5% for fiscal year 2022.
  • Other income was US$0.2 million for fiscal year 2023, which decreased by 30.5% from US$0.3 million for fiscal year 2022.
  • Interest expense was US$110,000 for fiscal year 2023, which increased by 233.3% from US$33,000 for fiscal year 2022, as the Company had a higher amount of bank borrowings in fiscal year 2023, compared to fiscal year 2022.
  • Net cash used in financing activities was US$2.8 million for fiscal year 2023, compared US$2.6 million for fiscal year 2022.

Norton Rose Fulbright issues statement following the passing of the former Prime Minister of Canada and senior partner of the firm

Retrieved on: 
Vendredi, mars 1, 2024
NAFTA, Commons, Mulroney, Friends, Apartheid, Government, Environmental Protection Act, Perseverance, Famine, Family, Policy, U.S.–Canada Air Quality Agreement, Lawyer, Politics, Trust, Speech, Free trade, Face

Mr. Mulroney will be remembered as a statesman, a visionary, and a humanitarian.

Key Points: 
  • Mr. Mulroney will be remembered as a statesman, a visionary, and a humanitarian.
  • Before entering politics, Mr. Mulroney practised law at our office in Montreal and served as President of the Iron Ore Company of Canada.
  • Under his leadership, Canada negotiated the Free Trade Agreement with the United States, and later NAFTA, demonstrating strategy and perseverance in the face of considerable political opposition.
  • And he was a role model and mentor to countless lawyers, from associates to senior partners.

First Quantum Comments on Developments in Panama

Retrieved on: 
Vendredi, décembre 1, 2023
Biophysical environment, Rehabilitation, Failure, Government, Assembly, Contract management, Supreme court, Social impact assessment, Publishing, Republic, Commerce, International court, News, Concession, Water, Nature, Ministry, TSX, National Assembly, Safety, Free trade, MPSA, Environment

TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama’s ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine. Minera Panamá S.A. (“MPSA”), a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications. With these developments, the Company is suspending its production guidance for Cobre Panama for the current year.

Key Points: 
  • TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama’s ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine.
  • Minera Panamá S.A. (“MPSA”), a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications.
  • With these developments, the Company is suspending its production guidance for Cobre Panama for the current year.
  • Further information about Cobre Panama:
    For the past 25 years, MPSA has developed and operated the Cobre Panama mine.

ProChile Celebrates the Bilateral Relationship Between Chile and the U.S. in Miami

Retrieved on: 
Mercredi, décembre 6, 2023
Trade, Director general, FTA, Wine, Seafood, Free trade agreement, Partner, Food industry, Diplomacy, Growth, Government, Free trade, Retail, Airline, Chilean wine, MIAMI

MIAMI, Dec. 6, 2023 /PRNewswire-PRWeb/ -- ProChile, the Chilean Government Exports Promotion Bureau, announces "Partners for a Better Future," an event to celebrate the commemoration of 200 years of Diplomatic Relations and 20 years since the signing of the Free Trade Agreement (which was signed in Miami). On Monday, December 11th at the Hyatt Regency Hotel, industry members, partners and the Chilean business community are invited to network, attend panel discussions and enjoy Chilean Wine.

Key Points: 
  • On December 11th, Miami trade and media are invited to commemorate two important milestones of the Chile & US diplomatic relationship at the "Partners for a Better Future" event.
  • 'Partners for a Better Future' seeks to enhance Chile's position as a strategic partner for the Miami market, educate attendees on the development of the bilateral relationship and share opportunities that will continue the growth of Chile and US' relationship.
  • In 2022 the bilateral trade between Chile and Florida totaled over $6 billion, with $4 billion imported from Chile to Florida and $2.1 billion exported from Florida to Chile.
  • It came into force on January 1st, 2004, and since 2015, 100% of the bilateral trade enjoys free tariffs.

Developments in Panama

Retrieved on: 
Vendredi, décembre 1, 2023
Ministry, NYSE, Canada–Panama Free Trade Agreement, Annual report, Commerce, Government, First Quantum Minerals, FNV, Failure, TSX, News, Free trade, Franco-Nevada

TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), has provided a further update in respect of recent comments made by the President of Panama, Laurentino Cortizo, regarding a transition process for the closure of the Cobre Panama mine.

Key Points: 
  • TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), has provided a further update in respect of recent comments made by the President of Panama, Laurentino Cortizo, regarding a transition process for the closure of the Cobre Panama mine.
  • For more detailed information, please refer to First Quantum's news release dated December 1, 2023.
  • Franco-Nevada also reports that, on November 23, 2023, the Company notified the Ministry of Commerce and Industry of Panama of its intent to initiate arbitration to enforce its rights under international law pursuant to the Canada-Panama Free Trade Agreement.
  • Similar to the notice filed by First Quantum on November 14, 2023, the Company's notice facilitates consultations between the Government of Panama and the Company under the Free Trade Agreement in order to avoid the need to file any such arbitration.

HSW: Cultural Exchange Activities of the Belt and Road Initiative Successfully Held in Chang'an

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Mercredi, novembre 8, 2023
Belt, New areas, Silk, News, HSW, Silk Road, Transport, Han, Emotion, Executive, Foreign Affairs, Culture, Site, Belt and Road Initiative, Free trade, Chang'an, Tea, Tourism

They personally experienced the vivid practice of Xi'an's integration into the grand framework of the Belt and Road Initiative.

Key Points: 
  • They personally experienced the vivid practice of Xi'an's integration into the grand framework of the Belt and Road Initiative.
  • At the first stop of the event, the press delegation visited the cultural and creative street in the old vegetable market.
  • "Through this trip, we not only witnessed the achievements of cultural integration and the development practice of the Belt and Road Initiative but also had a better understanding of Xi'an and saw the city's new development.
  • Today, under the promotion of the Belt and Road Initiative, Xi'an once again demonstrates its important position as a transportation hub, composing a new chapter in economic and cultural exchanges in the new era.

ProChile Presents "The Power of Humboldt": NYC Event to Celebrate a Bicentennial of Diplomatic Relations

Retrieved on: 
Vendredi, octobre 6, 2023
Food, Diplomatic mission, Agriculture, Wine, Sustainability, Humboldt Current, Government, Tourism, Culture, Cooking, LATAM Airlines Group, FTA, Ecosystem, Chile–United States Free Trade Agreement, Environment, Growth, Forestry, Natural Resources, Free trade, Salmon, Aquaculture, Baking

NEW YORK, Oct. 6, 2023 /PRNewswire-PRWeb/ -- ProChile announces "The Power of Humboldt," an educational and tasting event that will take place on October 30th at Project Farmhouse (NY) and celebrate 200 years of diplomatic relations and 20 years of the Free Trade Agreement (FTA) with the United States.

Key Points: 
  • "On June 6th, 2003, Chile became the sixth country worldwide and the first from South America to have an FTA with the United States.
  • "In the past two decades, trade between the countries has increased fivefold to $35.4 billion in 2022 with an annual average growth of 9.2% since 2003.
  • Chile's climate owes much of its character to the mighty Humboldt Current, which influences coastal conditions and contributes to creating diverse microclimates.
  • This maritime influence lends a distinct charm to Chile's offerings, reflected in its exceptional products and culinary treasures.

ProChile and Wines of Chile Commemorate 200 Years of Diplomatic Relations Between the US & Chile at San Francisco Event

Retrieved on: 
Jeudi, octobre 5, 2023
Bicentennial, Wine, Walkaround, Foreign Affairs, Ministry, Mission, SAN, Salmon, Free trade, Fishing, Borago

SAN FRANCISCO, Oct. 5, 2023 /PRNewswire-PRWeb/ -- Wines of Chile and ProChile are proud to present "A Bicentennial Mission: Exploring 200 Years of US-Chile Commercial Relations Through Wine and Cuisine." On Tuesday, October 24th at the Historic Klamath in San Francisco, the dynamic event will explore exceptional wines and culinary treasures that Chile has to offer, as well as commemorate the 200 years of commercial relations and 20 years of Free Trade Agreement between the two nations.

Key Points: 
  • On Tuesday, October 24th at the Historic Klamath in San Francisco, the dynamic event will explore exceptional wines and culinary treasures that Chile has to offer, as well as commemorate the 200 years of commercial relations and 20 years of Free Trade Agreement between the two nations.
  • "With over 80% of its wine exports certified as sustainable by the Wines of Chile Sustainability Code, our wine industry is one of the most regionally diverse and eco-friendly wine selections on the planet."
  • (3:00PM - 5:00PM PT) Walkaround tasting: 15 of Chile's top sustainable, organic and biodynamic wineries will be pouring their wines.
  • ProChile and Wines of Chile aim to expand Chilean wine exports to the US.

Kenon Holdings Ltd. Announces Favorable Ruling in Arbitration Proceeding

Retrieved on: 
Mercredi, octobre 4, 2023
International Centre for Settlement of Investment Disputes, Uncertainty, Kenon Holdings, ICSID, Free trade, Risk, Free trade agreement, IC, Free Trade Agreement between Mexico and the European Union, International Centre, Tribunal, Republic, IC power-supply pin, Settlement, Canada–Peru Free Trade Agreement, Annual report, Mining, TASE, NYSE, Award, Practice of law, Kenon

The claims and proceeding are described in more detail in Kenon's annual report on Form 20-F for the year ending December 31, 2022 ("Form 20-F").

Key Points: 
  • The claims and proceeding are described in more detail in Kenon's annual report on Form 20-F for the year ending December 31, 2022 ("Form 20-F").
  • The arbitration tribunal concluded that Peru's resolution relating to secondary frequency regulation breached Peru's obligations under Article 10.5 of the Free Trade Agreement.
  • As a result of Peru's breach of the Free Trade Agreement, Peru has been ordered to pay Kenon and IC Power $110.7 million in damages.
  • These statements include statements with respect to the arbitration award, the agreement with a capital provider and other non-historical statements.

From cherries to Tesla: A peek into China's decade-long Free Trade Zones

Retrieved on: 
Jeudi, septembre 21, 2023
Travel, Free trade, FTZ, Catalog, Flower, Guangdong Free-Trade Zone, Foreign Investment Law of the People's Republic of China, Supermarket, Free-trade zone, GDP, Belt, Shanghai Free-Trade Zone, Environment, Grocery store, Film industry, Warehouse

This pleasant change, however, has everything to do with China's Free Trade Zones (FTZ).

Key Points: 
  • This pleasant change, however, has everything to do with China's Free Trade Zones (FTZ).
  • Now, 21 Free Trade Zones have been established, containing 67 Free Trade Areas.
  • Today, China's Free Trade Zones account for 17.8% of the country's foreign trade with an area accounting for merely 4‰ of China's territory.
  • These Free Trade Zones of China take advantage of their respective locations and strengths, and seek differentiated development.