JANUARY 2021 | International Law Alerts | International Economic Law

Jake Sullivan on the Biden Administration's Trade Policy Towards China and Towards Allies Joe Biden's choice for National Security Adviser is Jake Sullivan. Sullivan was on Fareed Zakaria's TV show yesterday, and they had the following exchange Austria donates EUR 200,000 to support trade-related academic activities The government of Austria has contributed EUR 200,000 (CHF 215,000) in 2021 to the Global Trust Fund (GTF) dedicated to supporting the new phase of the WTO Chairs Programme. The objective of this initiative is to help academic institutions in developing countries and least developed countries (LDCs) build their expertise in trade policy, international…

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Compendium of Philippine Practice on International Law

Compendium of Philippine Practice on International Law State practice is a key element in the development of customary international law and may, by itself, bind the State if considered as unilateral declarations or a form of general principle of law.  There is therefore a need to provide a comprehensive reference for Philippine state practice in order to identify and protect the national interest.  Thus, a Compendium of Philippine Practice on International Law which is a compilation of short articles on Philippine practice on specific subjects in international law, is envisioned to cover 15 different international law subjects with 15 contributors,…

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MARCH 2020 | International Law Alerts | International Economic Law

PH first to shut financial markets STOCK, bond and currency trading in the Philippines have been halted, making the Philippines the first country to shut financial markets amid the escalating coronavirus pandemic. Ecozone firms may grind to a halt ECONOMIC zone locators are facing a serious risk of funding shortage that could suspend their operations, as they are unable to receive foreign currency from their headquarters overseas with the stoppage of peso-dollar trading. Asia-Pacific faces imminent recession A RECESSION across Asia-Pacific is “now guaranteed” amid an unprecedented disruption in the flow of people, trade and supply chains in large economies…

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JANUARY 2020 | International Law Alerts | International Economic Law

BSP approves rules on Islamic banking INTRODUCTORY regulations for the establishment of the Philippines’s Islamic banking sector has been approved by the Bangko Sentral ng Pilipinas (BSP) over the weekend, the country’s central monetary authority said in a statement on Tuesday. Illicit trade in marine resources keeps billions out of Pacific economies every year One in five fish caught in the central western Pacific, which includes the exclusive economic zones of Indonesia, Malaysia, Philippines and Cambodia, is illegally traded. Annual losses are estimated at US$6 to 10 billion. Gov’t uncovers fly-by-night online gaming operators The Philippines has uncovered some fly-by-night…

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NOVEMBER 2019 | International Law Alerts | International Economic Law

Bankers, financial service professionals from ASEAN gather in Cambodia to discuss cooperation Bankers and financial service professionals from across the Association of Southeast Asian Nations (ASEAN) gathered here on Monday at a regional conference to discuss cooperation in the banking and financial sector. Banks urged to focus on digital innovation Bankers in Southeast Asia have been urged to focus on digital innovation to improve their operations.

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