Another driver is from the government’s side, as Chinese authorities were tolerant of a „gradually“ weaker yuan, which can benefit exporters by making the price of their goods more competitive.
Statistics showed China had surpassed the US to become the largest trading nation in the world from 2013. The US has lost its leadership role in international trade, and now the motivation of avoiding the risk of exchange rate fluctuations is likely to be the catalyst of de-dollarization in the world. In light of the US‘ irresponsible monetary policy, a de-dollarization push will likely be the beginning of the disintegration of Washington’s dollar hegemony.
China and the US have reached a long-stalled agreement on the year-long audit dispute for listed companies, based on the principles of equality and reciprocity and abiding by each other’s laws, the Chinese securities regulator announced on Friday, marking a significant breakthrough in bilateral auditing cooperation that partially helps to clear delisting clouds hanging over 280 Chinese companies listed in the US.
China, Afghanistan (which has observer SCO status), and India were the top three SCO importers of Iranian goods last year, he added.
The SCO is a transcontinental political, economic, security, and military alliance, comprising China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan.
Iran had its full membership in the organization approved in 2021. Previously, it held observer status in the organization.
Vice Foreign Minister Le Yucheng called for deepening ties in a range of fields during a meeting on Monday in Beijing with Russian envoy Andrey Ivanovich Denisov, according to a Chinese Foreign Ministry statement. He said that a nearly 30% jump in trade between the nations during the first three months of 2022 demonstrate “the great resilience and internal dynamism of bilateral cooperation.”
„Ukraine does not have time to wait. Freedom does not have time to wait. When tyranny launches aggression against everything that keeps peace in Europe, action must be taken immediately. It is necessary to act in a principled fashion,“ he said.
„And the oil embargo should be the first step. At the level of all democracies, the whole civilized world. Then Russia will feel it. Then it will be an argument for them – to seek peace, to stop pointless violence.“
Russian foreign minister meets Narendra Modi and praises India’s refusal to condemn Ukraine invasion
Many analysts attribute Pakistan’s “neutrality” in the Ukrainian crisis to the country’s growing military and economic dependence on China, which is an ally of Russia. Beijing has refused to refer to Russia’s intervention in Ukraine as an “invasion” and blamed the US and West for precipitating the crisis.
The U.S. and China left open the possibility of a summit between their presidents despite a contentious day of talks between officials from both sides in the city of Tianjin.
The crash in tutoring stocks that began late last week spread Monday across the tech sector and beyond, after authorities confirmed reports they would ban a swathe of the education industry from making profits. It’s the government’s most extreme step yet to rein in private businesses that regulators blame for exacerbating inequality, increasing financial risk and — in the case of some tech titans –- challenging Beijing’s authority.
“The EU and India are opening a new important chapter in our relationship. We are the world’s two largest democracies. We are natural partners,” European Council chief Charles Michel said.
Mahuta on Thursday repeated comments that New Zealand valued the Five Eyes security alliance – which also includes Australia, Britain, Canada and the United States – but questioned whether it was the right platform for New Zealand to speak out on human rights issues.
The Competition and Markets Authority (CMA), the Australian Competition and Consumer Commission (ACCC) and Germany’s Bundeskartellamt have signed up to the statement, which comes as countries build back following the Coronavirus (COVID-19) pandemic.
With it, all 3 authorities are being clear that competition between businesses will remain important for consumers as well as other businesses who want to best serve their customers and grow.
Even Vietnam, which has centuries long animosity with China and more tense relations over the South China Sea, shows no intentions of joining QUAD. Besides the lack of interest from Vietnam, and likely from Indonesia too, QUAD members themselves, at this point in time, have not named any specific candidates to join their anti-China coalition.
India has been developing a part of the port on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, but also Afghanistan and central Asian countries, and avoiding rival Pakistan.
Production BioNTech has said it can produce a fresh vaccine within six weeks of a decision being made. But the Oxford/AstraZeneca team, which uses more traditional viral vector technology, says that while it can make a new formulation in days, it takes much longer to produce
Prof Andy Pollard, of the University of Oxford, said the lack of data is understandable. “In our trials, the older adults were recruited later and, because they were recruited later there has been less time for cases to occur, and, older adults are known to be more cautious in the pandemic, meaning the ‘attack rate’ is lower,” he said.
AstraZeneca has stressed that older adults were recruited later because the team wanted to be sure the vaccine was safe before administering it to older age groups.
AstraZeneca’s vaccine has not been granted approval yet for general use in the European Union, but the bloc’s medicines regulator EMA is poised to authorise it on Friday.
The German panel, STIKO did not detail the data from clinical trials on the vaccine on older people, but two prominent German media outlets had reported that the efficacy on above-65s was below 10 per cent.
Der Weg für den Brexit-Handelspakt zwischen Großbritannien und der Europäischen Union ist frei. Königin Elizabeth II. als britisches Staatsoberhaupt setzte das Ratifizierungsgesetz in der Nacht in Kraft, wie der Sprecher des Unterhauses, Lindsay Hoyle, sagte. Zuvor hatten beide Kammern des Parlaments in London dem Dokument zugestimmt.
Her Majesty’s approval paves the way for the deal to take effect at 11pm on Thursday when the current Brexit transition period, during which the UK has continued to follow EU rules, ends.
– Nigel Farage announced history had been made as Johnson sealed a Brexit deal
– The leader of the Brexit Party said today was the day ‚people beat the politicians‘
– He said Johnson was also set to be known as ‚the man that finished the job‘
STRANDED truckers were ready to roll again last night after shamed French leader Emmanuel Macron was forced to reopen his country’s border with the UK.
He caved in after pressure from Britain and the EU to end a 48-hour blockade imposed amid fears over the new Covid strain.
The agreement requires every driver to have been tested for coronavirus, using controversial lateral flow tests, which are able to turn around results in under an hour but have had their effectiveness questioned.
Those who come back negative will be told by text message in as little as 20 minutes, and be given the green light to hit the road and head over to the continent, but positive cases will be sent to a hotel to isolate.
Von der Leyen spoke by telephone to Johnson on Monday night to discuss a way forward and further calls are expected in the next 24 hours, but the commission refused to offer details.
Barnier said as he went into a meeting with EU ambassadors: “We are really in the crucial moment. We are giving it the final push. In 10 days the UK will leave the single market and we continue to work in total transparency with the member states right now and with the parliament.”
The Nuffield Trust thinktank stated: “The perilously uncertain future facing the UK at the end of the Brexit transition period could put the UK’s health and care system at risk.”
The report said new migration rules, possible disruption to medicines and devices, an ongoing economic slowdown and barriers to science investment would hit the health sector.
The warning came as a negotiated Brexit deal looks increasingly unlikely and Health Secretary Matt Hancock described the new variant of coronavirus as being „out of control“.
The teams led by the chief UK negotiator, David Frost, and his EU counterpart, Michel Barnier, were expected to continue talks on Monday despite the European parliament’s notice that it would not vote on a deal if not secured by midnight on Sunday.
Brussels had been accused of trying to force the UK to sign up to its rules.
The EU wanted the power to unilaterally apply tariffs on UK goods if they felt British firms had an unfair advantage over those on the continent due to a divergence in laws and regulations.
It follows her dinner with Prime Minister Boris Johnson on Wednesday night, after which the pair agreed trade talks should continue despite „major differences“ remaining between the two sides.
Ms von der Leyen on Thursday outlined four areas – air connectivity, aviation safety, basic road connectivity and fisheries – where short-term agreements could be made in the absence of a trade deal on New Year’s Day.
Supported by other leaders, President Emmanuel Macron wants an independent Britain to obey future EU regulations — and be fined if it doesn’t.
Do they expect Boris Johnson to cave in during the next 24 hours? If so, they are tragically mistaken.
Time is running out to reach a deal before 31 December, when the UK stops following EU trading rules.
The pair will hold talks over dinner, after negotiations between officials ended in deadlock.
The announcement is evidence of some much-needed goodwill as the sides seem deadlocked on fishing rights, state aid rules and enforcement.
It effectively means all the ‚loose ends‘ left to be resolved after the divorce agreement are tied up.
However, the broader standoff shows little sign of easing ahead of a crucial face-to-face meeting between Boris Johnson and Ursula von der Leyen, with the EU trolling that it is ready to negotiate again next year after no deal chaos.
The new deal will roll over the provisions in the Canada-EU Comprehensive Economic and Trade Agreement (CETA), which will no longer include Britain on Jan. 1.
At a virtual summit of EU leaders Thursday, French President Emmanuel Macron and Belgian Prime Minister Alexander De Croo both called on their colleagues to make contingency plans in case talks to sign a trade and security agreement fail, according to two people with knowledge of the discussion.
As the Brexit process reaches crisis point (again), the real issue is not ‘Carrie v Dom’, but elite domination or democracy? Is Johnson prepared to stick to his guns and see through the clean-break Brexit we voted for? Or is he getting ready to give in to the demands of the Remainer establishment and the EU? Brexit is far bigger than the survival of Boris and the Downing Street pecking order.
Self-isolation is intended to reduce the spread of Covid. But Boris’s decision runs totally counter to logic.
He continued: „Dom Cummings‘ presence at the centre of the government’s policy programme gave Brexiteers confidence that Brexit would take place in a meaningful way.“
Instead, he warned that the loss „makes post-Brexit Britain more likely to be very similar to a Britain inside the EU, and possibly worse“.
Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy.
The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.
While Trump attended the U.S.-ASEAN summit in Manila in 2017, he has never attended a full EAS meeting. Vice President Mike Pence represented the United States at the meetings in Singapore last year.
The Prime Minister will speak with Ursula von der Leyen later today to discuss the state-of-play in the deadlocked trade talks. The move comes after Lord Frost, Mr Johnson’s chief negotiator, was in Brussels to speak face-to-face with his European Union counterpart Michel Barnier earlier this week.
The National Assembly of Pakistan will host “Pakistan–Afghanistan Trade and Investment Forum 2020” on October 26 & 27, 2020 in Islamabad.
An Afghan parliamentary delegation, headed by Rahmani, arrived in Pakistan on Friday to discuss relations between the two parliaments and Pakistan’s role in the Afghan peace process, and also to boost economic ties.
‘They want the continued ability to control our legislative freedom, our fisheries, in a way that is completely unacceptable to an independent country.
‘And since we have only 10 weeks until the end of the transition period on January 1 I have to make a judgement about the likely outcome and to get us all ready.
Britain’s chief negotiator said he was „disappointed“ that European Union leaders dropped their commitment to intensified trade negotiations at a Brussels summit on Thursday night
Following their conversation on Saturday, the pair have tasked their chief negotiators with working “intensively” to resolve the remaining differences in the post-Brexit trade talks.
Fishing rights, state aid and governance continue to be vexed issues between the two sides as they look to ratify a new trading relationship before the transition period ends on December 31.
The two leaders are to speak on Saturday to discuss the „next steps“ following the conclusion of the final scheduled round of formal negotiations on a post-Brexit trade deal in Brussels.
The announcement of the video conference call prompted speculation that they could be preparing to launch a final series of intensive talks – dubbed „the tunnel“ – in a last push for an agreement.
The authorities believe it will positively contribute to encouraging the use of local currencies for the settlement of trade and direct investment between the two countries, the statement said.
Mr Gove is meeting European Commission Vice President Maros Sefcovic to discuss implementation of the Brexit divorce deal.
And on Tuesday formal negotiations will resume as the two sides attempt to agree a post-Brexit trade deal.
The Brexit legislation enabling Boris Johnson to alter key parts of the Withdrawal Agreement cleared a major Commons hurdle on Tuesday night….
Bilateral trade is currently conducted under the EU-Japan deal that came into effect last year, but that agreement will no longer apply to Britain from December 31.
Boris has, in effect, created our very own backstop.
Oh the irony.
1. Bob Neil
2. Geoffrey Cox
3. Simon Hoare
4. George Freeman
5. Tobias Ellwood
6. Damian Green
7. Damian Collins
8. Sir Oliver Heald
9. Sir Roger Gale
10. Gary Streeter
11. Rehman Chishti
12. Jack Lopresti
13. Sajid Javid
14. Charles Walker
15. Jeremy Wright
16. Andrew Mitchell
– Sajid Javid and Geoffrey Cox have both said they cannot support PM’s proposal
Watch the House of Commons from 2:30pm on Monday as three days of intensive debate and scrutiny on the United Kingdom Internal Market Bill begins.
Published last Wednesday, the Bill sets out rules for the operation of the UK internal market- trade between England, Scotland, Wales and Northern Ireland- after the end of the transition period in January.
BUSINESS OF THE DAY
1. United Kingdom Internal Market Bill: Second Reading
Until 10.00pm (Standing Order No. 9(3))
Europe’s refusal to offer its neighbour and security ally even a bare-bones trade deal is a hostile posture that has consequences
We decided in the Withdrawal Agreement to create a Joint Committee, in which we would thrash out the details of these new arrangements. It is here that things risk coming unstuck. We are now hearing that unless we agree to the EU’s terms, the EU will use an extreme interpretation of the Northern Ireland protocol to impose a full-scale trade border down the Irish sea. We are being told that the EU will not only impose tariffs on goods moving from Great Britain to Northern Ireland, but that they might actually stop the transport of food products from GB to NI.
I have to say that we never seriously believed that the EU would be willing to use a Treaty, negotiated in good faith, to blockade one part of the UK, to cut it off; or that they would actually threaten to destroy the economic and territorial integrity of the UK. This was for the very good reason that any such barrier, any such tariffs or division would be completely contrary to the letter and the spirit of the Good Friday agreement. By actively undermining the Union of our country, such an interpretation would seriously endanger peace and stability in Northern Ireland. This interpretation cannot have been the real intention of those who framed the protocol (it certainly wasn’t ours) – and it is therefore vital that we close that option down.
Britain and Japan launched free trade negotiations in June. The agreement came after trade talks between Britain and the European Union (EU) had suffered a major setback.
He wrote: “We are now hearing that, unless we agree to the EU’s terms, the EU will use an extreme interpretation of the Northern Ireland protocol to impose a full-scale trade border down the Irish Sea.
“We are being told that the EU will not only impose tariffs on goods moving from Great Britain to Northern Ireland, but that they might actually stop the transport of food products from GB to NI.
PM defends decision to alter Brexit divorce deal, saying he cannot hand Brussels the ‚power to carve up our country‘
But when the Zoom call attended by 256 MPs suddenly broke off after twenty minutes, the online forum descended into chaos as MP Michael Fabricant started singing Rule Britannia, clutching a piece of paper with the words already printed out.
Even if the UK leaves without a deal, the Northern Ireland protocol would kick in.
The Northern Ireland protocol replaced the NI backstop created as part of Theresa May’s deal.
The protocol is due to come into force on January 1, 2021, the end of the transition period.
On the occasion, Pakistan and Uzbekistan signed a Memorandum of Understanding for establishment of Joint Working Group on Trade and Economic Affairs to work together for trade enhancement, promotion of inter-governmental projects in different sectors and improvement of connectivity, according to a statement released by the Ministry of Commerce of Pakistan.
Cabinet Office Minister Michael Gove will meet EU official Maros Sefcovic in London to discuss how the development could affect the island of Ireland.
The Honourable François-Philippe Champagne, Minister of Foreign Affairs, today announced that he will attend the annual Association of Southeast Asian Nations (ASEAN)-Canada Post-Ministerial Conference as well as the ASEAN Regional Forum Ministerial. The meetings will be conducted by video conference on September 10th and 12th 2020, respectively.
We are now entering the final phase of our negotiations with the EU.
The EU have been very clear about the timetable. I am too. There needs to be an agreement with our European friends by the time of the European Council on 15 October if it’s going to be in force by the end of the year. So there is no sense in thinking about timelines that go beyond that point. If we can’t agree by then, then I do not see that there will be a free trade agreement between us, and we should both accept that and move on.
We will then have a trading arrangement with the EU like Australia’s.
An angry official hit back: “The government is completely committed, as it always has been, to implementing the Northern Ireland Protocol in good faith.”
A new law will be published this week that sets out Britain’s position — with No10 arguing it had to come this week in order to get through Parliament by December.
The standoff turned nasty yesterday as Brussels voiced fury at UK threats to override parts of the Withdrawal Agreement thrashed out last year. Legislation would unilaterally ‚clarify‘ key parts of the settlement, including customs rules for Northern Ireland, that the EU insists should be resolved by a joint committee.
Despite Mr Barnier warning that step would end hopes for a trade deal, the PM’s chief negotiator Lord Frost increased the temperature again today, demanding ‚more realism‘ from the EU that the UK was now a sovereign country.
The UK ‚cannot compromise on the fundamentals of what it means to be an independent country‘
– Boris Johnson says there is ’no sense‘ in faltering trade talks after October 15
– He says he won’t compromise on UK’s freedom to set own laws and fish in waters
– Mr Johnson insists a No Deal departure would still be a ‚good outcome‘
– Is is also reported today the UK could tear up parts of the Withdrawal Agreement
– Such a move could be seen as ‚bad faith‘ by the EU, lowering chances of a deal
– Lord Frost warned Michel Barnier that the UK would not become a ‚client state‘
– He said EU needs to realise PM’s Government is adopting more steely approach
– Comments come ahead of Barnier’s arrival in London for a fresh round of talks
A Government source said: „The EU must also realise that we are serious about leaving with an Australian-style trading relationship and reclaiming our independence as a sovereign nation if we cannot find acceptable terms.”
The State Department’s top diplomat for East Asia, David Stilwell, told a virtual forum hosted by the Conservative Heritage Foundation the latest U.S. moves were not a policy shift, but part of a set of “significant adjustments” within Washington’s longstanding “one-China” policy.
„It is not only good for the (US) military to use for their exercise and training but can be used by Palau as well to boost its economy and tourism.“
The United States, European Union, Canada and Switzerland, home to some of the world’s biggest food companies, have pressed Mexico to delay upcoming health warnings on processed food and drinks, a World Trade Organization document showed.
Under the bilateral deal, the two governments would not force their companies to hand over encryption keys, which are used to protect proprietary corporate technology and information, the Nikkei said.
Relations are in free fall. Lines are being drawn. As the two superpowers clash over technology, territory and clout, a new geopolitical era is dawning.
The southern and eastern border of Iraq with Iran had been closed since March following the outbreak of the coronavirus.
President Donald J. Trump will welcome President Andres Manuel Lopez Obrador of the United Mexican States to the White House on Wednesday, July 8, 2020, as part of their continued partnership on trade, health, and other issues central to regional prosperity and security.
President Andres Manuel Lopez Obrador is due to meet U.S. President Donald Trump at the White House on Wednesday.
So far Trump has shown no sign he plans to press Lopez Obrador to carry through with the energy reforms.
Israel’s drone deals with Germany began in 2009, when it first leased drones to the German army for use in Afghanistan. Seven years later there was a similar transaction, this time to operate the drones in Mali.
Bovell’s first batch of recordings landed in the lap of Thomas Drake, an investigator for the Westchester County District Attorney’s office, on February 19, 2019, according to a text message he sent Bovell. On March 4, 2019, Drake texted Bovell saying that he had listened to some of them. The whistleblower recalls being hopeful.
“I gave them that information, and I thought this is it. Something big, positive will happen,” Bovell said.
But nine months later, at a meeting with Bovell and his attorney, Joseph Murray, at the DA’s office, Drake told them that the probe had not moved forward because they had been expecting Bovell to send more recordings, according to both men.
Bovell gave them more recordings in February of this year, and they say they haven’t heard anything since.
A group of 20 men evacuated from Benghazi, Libya and suspected of having been contracted to lend support to General Khalifa Haftar’s forces, were held under arrest in Malta for two days before being released without charge.
Multiple law enforcement sources speaking to this newspaper say the police are still investigating the incident, almost a year on since the arrival of the men on two RHIBs (rigid-hull inflatable boats) at the Valletta seaport in June 2019.
The abortive mercenary expedition last summer was organized and financed by a network of secretive companies in the United Arab Emirates, according to a confidential report submitted to the United Nations Security Council in February. The companies are controlled or part-owned by Christiaan Durrant, an Australian businessman and former fighter pilot who is a close associate of Erik Prince, America’s most famous mercenary entrepreneur.
Opus and Lancaster 6 financed and directed an operation to provide Haftar’s forces with helicopters, drones and cyber capabilities through a complex web of shell companies, according to two diplomats who briefed Bloomberg on the contents of the UN Panel of Experts report shared with the Security Council’s sanctions committee in February. The diplomats also shared excerpts of the report with Bloomberg.
October 18, Event 201. New York. Coronavirus nCoV-2019 Simulation and Emergency Preparedness Task Force, John Hopkins Bloomberg School of Health Security. Big Pharma-Big Money Simulation Exercise sponsored by WEF and Gates Foundation
Venezuela has swapped millions of barrels of crude for supplies of corn and water trucks under an oil-for-food deal struck with a Mexican firm, in an effort to secure imports amid tightening U.S. sanctions, according to the company and export schedules.
Britain will begin preparations to leave the EU without a trade deal in just four months if Brussels has not agreed to its key demands by then.
David Frost says democratic consent would snap if UK agreed to EU alignment
Speaking to BBC Radio 4’s Today Programme, Laura Kuenssberg claimed Michael Gove could be given the role to look after the last leg of the Brexit trade negotiations in Boris Johnson’s cabinet reshuffle today.
The prime minister will use a speech on Monday to toughen his stance ahead of trade talks following the UK’s formal withdrawal from the bloc.
EU chief negotiator Michel Barnier will also set out his approach to the talks, which are due to start next month.
Boris Johnson is preparing to impose full customs and border checks on all European goods entering the UK after Brexit, in a ramping up of pressure on the coming EU-UK trade talks, the Telegraph has learned.
Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.
Rolling coverage of the day’s political developments as they happen, including the cabinet, the House of Commons and the parliamentary Labour party all meeting for the first time since the general election
Seade, Mexico’s Undersecretary for North America, said he had raised the matter with US Trade Representative Robert Lighthizer and would travel to Washington on Sunday to consult with members of Congress. Under Mexican law, he said, American officials „can in no case have inspection powers“ in Mexico.
From January through October 2019, the volume of Turkish exports from Istanbul and Ankara to Iran slightly exceeded $1 billion, Trend reports referring to Turkish Trade Ministry.
Despite harsh language criticizing what Beijing calls U.S. interference in China’s domestic affairs, and a second summoning of the U.S. ambassador in a week, China’s leadership still wants a deal to help alleviate pressure on its fast-weakening economy.
The Venezuelan science minister has paid a visit to Iran’s Science and Technology Park in Tehran to buy medical equipment from Iran amid the US sanctions on both countries.
Instead of growing the economy by state backing and export-led growth as competitors have done, we’re left behind clinging to a protectionist bloc designed to protect French agriculture and German manufacturing at our expense.
We want to stay in the Single Market but ignore the fact that we’re running a £100 billion trade deficit in goods with it. That means the export of jobs, money and economic demand primarily to Germany.
No10 sources said Mrs Merkel told the premier during the 30-minute showdown that the province must remain within the EU’s customs union indefinitely.
BEIRUT — Syria and Iraq announced the reopening of a border crossing between the two countries Monday, a step toward the normalization of Iraq’s relationship with its western neighbor and a boost to Iran, which will now have an open corridor into Syria.
The crossing, which Iraqi officials declared open for travellers and trade, is crucial for Iran’s bid to cement its growing sway over a corridor of territory from Tehran to Beirut.
The opening of the crossing signified „the victory of the Iraqi and Syrian people over all terrorist groups, especially Daesh,“ said Syrian Interior Minister Mohammad Khaled al-Rahmoun, using a term for Islamic State.
Top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day after an attack on its processing facilities this month, sources told Reuters last week, although Saudi Aramco has yet to confirm it is fully back online.
How many times does this need to be restated? Germany desperately needs to change its economic model, now more so than ever as its own economy, that of the European Union, and the world as a whole, again teeter on the brink of recession.
Most of all, it needs to make itself more reliant on internal, domestic demand, and less on exports.
Oil plunged on Friday after China announced new tariffs on U.S. goods, including crude oil.
Helping to support the market are simmering tensions between the United States and Iran, with Iranian President Hassan Rouhani cautioning Washington against tightening pressure on Tehran.
– Johnson will tell Trump the NHS is off the table for trade talks when they meet
– The pair will have breakfast on the sidelines of the G7 summit in Biarritz, France
– US officials suggested series of mini trade deals post-Brexit, but Johnson said to prefer one comprehensive agreement
– The PM will also meet Donald Tusk and tell him to reopen backstop negotiations
Key background: The meeting will be Boris Johnson’s first major appearance on the international stage since he became prime minister in July. It will be a chance for him to discuss the U.K.’s exit from the European Union. He is also expected to meet with U.S. President Donald Trump to discuss trade between their two countries.
Thursday’s talks followed a five and a half hour meeting on Wednesday, suggesting negotiators were making last-minute efforts to reach some agreement when Japanese and U.S. leaders meet on the sidelines of a weekend Group of Seven summit in France.
Motegi said he will fly straight to France and may join the meeting between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump, where the two will likely discuss trade among other topics.
President Trump on Friday pledged to respond to China’s latest round of tariffs “this afternoon,” further ratcheting up the trade war between Washington and Beijing.
China will impose additional tariffs on U.S. imports worth about 75 billion U.S. dollars in response to the newly announced U.S. tariff hikes on Chinese goods, the Customs Tariff Commission of the State Council announced Friday.
Remainers pointing to soft economic numbers in the UK should note that trade between euro-zone member states fell by 6.6% in June compared to the same period last year. That was the fastest such contraction since 2013. Exports from the eurozone to the rest of the world also dropped by 4.7%, the fastest rate since 2016. The EU can’t blame the fall in intra-bloc trade on China…
Some Britons may feel a touch of schadenfreude from seeing that the German industrial juggernaut is spluttering but its woes are a troubling symptom of a slowing world economy.
The US has delayed the imposition of a 10 percent tariff on significant portions of Chinese imports until December 15 as top negotiators from the two countries spoke by phone for the first time since US President Donald Trump threatened to impose tariffs on $300 billion worth of Chinese imports.
German carmaker’s CEO offers to travel to London to deliver message to PM saying ‘listen to business’
Brexit has created the potential greater democratic control of trade deals. And we must ensure we use that to craft a trade policy that is geared to justice for the many rather than profits for the few.
Japan said last week it would end expedited shipments of chemical compounds used by South Korean companies in the manufacture of microchips and smartphones.
Tokyo is angry at South Korean court rulings that Japanese firms must compensate forced laborers from Japan’s 1910-1945 rule of the peninsula.
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The European Union and Mercosur reached on Friday a political agreement for an ambitious, balanced and comprehensive trade agreement. The EU is the first major partner to strike a trade pact with Mercosur, a bloc comprising Argentina, Brazil Paraguay and Uruguay.
The U.S. side said not to add new tariffs on Chinese exports. The two countries‘ economic and trade negotiating teams will discuss specific issues.
The EU and Vietnam reportedly agreed to sign a free trade agreement (FTA) and an investment protection agreement (IPA) on Sunday in Hanoi, a development that can be seen as a response to US trade protectionism.
Japan’s Foreign Minister has warned that Britain leaving the EU without a trade deal could threaten the UK’s automotive industry.
Tarō Kōno today said that a No Deal exit would have ‚very negative‘ consequences for more than 1,000 Japanese firms operating in the UK.
„It’s a very high priority that it enter force before the end of March 2019,“ he said at a conference at the CEPS think tank in Brussels, referring to the date when Britain is set to leave the EU.
If a deal entered into force before Brexit, it could apply automatically to Britain during a post-March 2019 transition period of around two years. Otherwise, it might not.
He also doubted the UK could sign a new trade deal with Japan – or other nations – before leaving the EU.
„I don’t think so,“ said Mr Kono when asked if he thought it was possible, adding there would be „some kind of gap“ before a deal could be agreed.
U.S. President Donald Trump plans to hold bilateral talks with Japanese Prime Minister Shinzo Abe, Chinese President Xi Jinping and Russian President Vladimir Putin on the sidelines of a two-day Group of 20 summit starting Friday in Osaka, a senior administration official said Monday.
– Washington still harbours illusions of pressuring Beijing into submission, commentary says, as the two countries’ presidents prepare to meet at G20
– Unless the US changes, the two sides will continue to exchange views without making progress, it says
In a stormy LBC interview, Mr Johnson was repeatedly challenged by interviewer Nick Ferrari to say if he was accusing Mark Carney of being wrong.
Mr Johnson insisted Britain would be allowed to use world trade laws to enjoy a period without any changes to tariffs that would endanger exports, something the Bank Governor and many others have stressed would be impossible to demand without agreement in Brussels.
There may be a serious diplomatic storm brewing over the Arabian Gulf waters but it’s business as usual on the creek-side wharf next to the bustling Baniyas Street in Deira Dubai from where scores of motorboats ferry tonnes of commodities every day to Iran and back every week.
“There’s a huge appetite in Europe for defence as a whole,” he said.
Trump tweets that he and Xi will meet at the G20 summit, while Xi is quoted as saying he will meet Trump to ‘exchange opinions’ on Sino-US relations
The two negotiating teams ‘will begin talks prior to our meeting’, Trump writes
India is by far the largest buyer of U.S. almonds, paying $543 million for more than half of U.S. almond exports in 2018, U.S. Department of Agriculture data shows. It is the second largest buyer of U.S. apples, taking $156 million worth in 2018.
The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”
The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.
Pakistan’s Prime Minister Imran Khan had suggested ditching US dollar, urging the member states of the Shanghai Cooperation Organisation (SCO) to finalise arrangements for trade in local currencies.
If the Trump administration continues its condescending attitude toward China while refusing to take Beijing as an equal negotiating partner and to make long-overdue compromises on China’s legitimate requests, chances remain slim for the two heavyweight economies to reach a trade deal in the coming month or two.
US President Donald Trump, in his recent interviews with American media, expressed his hope to meet and talk with Chinese President Xi Jinping during the G20 meeting in Osaka, Japan, slated to begin June 28.
U.S. subsidiaries of Japanese companies, as well as American and Chinese businesses, have voiced opposition to President Donald Trump’s proposed tariffs of up to 25 percent on an additional $300 billion of Chinese products.
Im Rennen um das Amt des Tory-Parteichefs hat ein weiterer Kandidat seine Bewerbung zurückgezogen: Gesundheitsminister Hancock sich aus dem Rennen zurück. Damit ist das Bewerberfeld auf sechs geschrumpft.
The volume of container transfers from China to European Union countries and back via territory of Kazakhstan increased by 21 percent
South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of Britain’s exit from the European Union in late October, South Korea’s trade ministry said on Monday.
US taxes on car imports could act as a massive jolt to the bloc’s economy, wiping €14.5bn (£12.9bn) off GDP, according to analysis from investment advisers, Redburn. The firm’s economists believe a “nasty turn” in EU-US trade tensions is coming, which when combined with market nerves over Italian debt, could shake the eurozone.
If the US presses ahead with tariffs, Germany, which relies on carmaking for a fifth of its manufacturing activity, could see 0.28pc shaved from its GDP alone, Redburn claims.
Donald Trump has insisted that the National Health Service must be „on the table“ in negotiations over a future UK-US trade agreement.
The Tory leadership contender has revealed a five-point plan on Brexit which he believes are an „honest, credible set of proposals that recognises the significant challenges we face“.
Mr Javid rules out holding another referendum or an early general election, says he will not revoke Article 50 and vows to ramp up preparations for No Deal if he becomes prime minister.
It had been a „challenging fundraising year“ for all parties, the Tories said.
The figures do not represent all donations, as only those above £7,500 have to be reported.
A no-deal scenario would do „severe“ damage to businesses, it said in an open letter to all the MPs running to lead the party.
Director general Carolyn Fairbairn warned them that smaller companies cannot afford the necessary preparations for leaving without a plan.
– Boris Johnson abandons ambitions of becoming PM after Michael Gove drops him and launches own campaign
– Justice Secretary says Johnson was not up to job and questions if his ‚heart and soul‘ were in pushing through Brexit
– Boris aide said to have vented anger at Gove in expletive-laden text accusing him of plotting to win keys to No10
– Furious Conservative MP Jake Berry says on Twitter that there is a ‚very deep pit reserved in Hell‘ for Gove
– Alliance between Leave campaigners ripped up as Treasury minister Andrea Leadsom enters Tory contest
– Home Secretary Theresa May installed as favourite after delivering bravura performance at her launch
As she was arriving for talks with the 28 other EU leaders in Brussels, May told journalist, “The best option for the UK is to leave the EU with a deal.” May is scheduled to meet with EU leaders to name five people to hold the European Union’s top jobs for the next five years.
Michael Gove 18
Dominic Raab 15
Boris Johnson 14
Jeremy Hunt 13
Sajid Javid 8
Matt Hancock 6
Esther McVey 5
Mark Harper 4
Andrea Leadsom 2
Until Wednesday night, Mr Johnson had appeared the firm favourite to take over from David Cameron as Tory leader, and therefore prime minister. But shortly after 9am on Thursday, he learnt that he was the victim of the most spectacular political assassination in a generation.
In what has been perceived as a stab at the former London Mayor, the Environment Secretary claimed that he is more ‚capable‘ and said the next leader cannot just ‚respect‘ the Brexit vote but must have the ‚wherewithal to deliver it‘.
This echoes the 2016 Conservative contest when Gove famously sank Johnson’s campaign by quitting as its chairman and insisting he was unfit to be leader.
Michael Gove’s sensational entry to the Tory leadership race has electrified a contest that had hitherto been proceeding predictably enough towards a final round between Theresa May and Boris Johnson. The justice secretary’s statement tore up the script and, extraordinarily, persuaded the former London mayor not to run.
Environment Secretary Michael Gove has officially entered the race to be the next Prime Minister, as the fight for the Tory crown showed signs of turning increasingly bitter.
U.S. President Donald Trump and his wife, Melania, landed in Japan on Saturday on a largely ceremonial visit meant to showcase strong ties with Tokyo even as trade tensions loom.
– Theresa May’s plan to bring forward new Brexit Bill is in tatters after repeated attempts to woo Labour MPs
– Her chances of getting the deal through are fading as Tories voice opposition with 65-plus set to rebel
– Michael Gove has refused to guarantee that the Withdrawal Agreement Bill would come to the Commons
– Tory 1922 committee is meeting at 4pm – after PM faces Commons – with members pledging to topple her
Theresa May’s premiership is on the brink amid a full-scale revolt over her new Brexit deal, with Tory MPs calling for a change in the party rules to facilitate a leadership challenge.
As Mrs May faces her final battle:
– Tory grandees threaten to change party rules so the leader can be removed immediately
– Fed-up backbenchers said she should go now and leave Brexit to her successor
– The PM’s DUP allies warned she is leaving Britain at the mercy of the EU
– Even Mrs May’s most loyal MPs said she should scrap the planned vote on her deal
Environment Secretary Michael Gove gave an apparent hint that a big Commons vote on the Withdrawal Agreement Bill, due in the week of June 3, should be pulled.
Sources said several Cabinet ministers agreed with him that the vital Bill should be kept back for a new Tory leader to manage.
A long-standing – but not usually a very public – critic likened me to a spectator at the guillotine as I stalked the commons corridors.
I asked him when he felt the political blade would fall on Theresa May’s premiership.
With a smile, he said: „Soon – very soon.“
I fear we are in for a long, hot summer.
Senior Tory backbenchers will now try to force a confidence vote in the PM when the party’s grandees meet at 4pm on Wednesday.
Brexiteer Nigel Evans said: “She has U-turned on absolutely everything. We cannot put up with this any longer.
Theresa May has committed to ‘ten commandments’ as part of the new offer she is putting before Parliament in one final attempt to pass her Withdrawal Agreement. They include a vote on a second referendum. Read them here:
“We can’t just go on using up all the lifelines.”
Another Cabinet source said they couldn’t see the point of holding a vote on the Withdrawal Bill when Labour was against it, and several Tories who backed it in March were now opposed.
“It’s only going to stoke up more anger,” they said.
Theresa May’s final attempt to get a Brexit deal through Parliament appears doomed after a leaked document suggested it was nothing more than a “retread” of old ideas.
Chinese Ambassador to Kuwait Li Minggang welcomed on Sunday the participation of the Kuwaiti businessmen in the fourth China-Arab States Expo, to be held in Yinchuan, capital of Ningxia Hui Autonomous Region of China, on September 5-8, 2019.
Mrs May will meet Sir Graham Brady, chairman of the 1922 Committee of backbench Tory MPs, to set out a timetable for her departure after the second reading of the Withdrawal Agreement Bill in the week beginning June 3, he said today.
The pair will explore updating the trade blueprint to add a temporary Customs Union, which could be made permanent if Labour wins power in May 2022.
EU officials have given a warm welcome to the plan – so long as the UK signs off on the withdrawal pact including the backstop.
One told The Sun: “This should be workable. The EU never has made any problem about having time limits on a Customs Union.”
After a marathon Cabinet meeting, ministers agreed to continue the cross-party efforts but ..
Setting a definite date could see the Prime Minister’s Brexiteer critics hold out for her departure, rather than backing her deal for the UK to leave the EU.
But chairman of the 1922 Committee of Conservative backbenchers Sir Graham Brady is still insisting Mrs May sets a leaving date when she meets with his executive team next Thursday, the Sun reported.
Mr. Trump is now moving ahead with plans to impose 25 percent tariffs on all remaining Chinese imports. Those new tariffs could go into effect in a matter of weeks.
In a statement Friday evening, the United States trade representative said Mr. Trump had “ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.”
European stocks rose on Friday, recovering from a six-week low as investors hope the United States and China can still resolve their trade dispute, even as a planned increase in US tariffs on Chinese imports comes into effect.