UK unveils Brexit plan, keen on stronger trade ties with India

February 3, 2017

London, Feb 3: The UK government on Thursday unveiled a policy document on its negotiating plans for quitting the 28-nation European Union under a mutually beneficial deal which cites India as among the key countries on its target list for stronger trade ties post-Brexit.

brexit

"We approach the negotiation to come in a spirit of good will and working to an outcome in our mutual benefit," David Davis, minister for exiting the European Union (EU), told the House of Commons, adding that Britain's "best days are yet to come".

"I will not be throwing people out of Britain," he added, in reference to a question about the rights of EU citizens based in the UK following Brexit.

Davis said the government will publish another White Paper before the Great Repeal Bill, which will formally mark Britain's intention to break from the laws governing the EU after the June 2016 referendum in favour of Brexit.

"We have started discussions on future trade ties with countries like Australia, New Zealand and India," the UK government wrote in its White Paper.

"This department will lead the UK's ambitions for deepening trade and investment relations with the wider world. Many countries including China, Brazil, and the Gulf States have already expressed their interest in enhancing their trading relationships with us," it said.

Around 3 million EU citizens are waiting to find out if they can remain in the UK, along with up to two million British citizens in other EU member states, following last June's EU referendum.

The White Paper effectively spells out in detail British Prime Minister Theresa May's 12 "principles" including migration control and "taking control of our own laws" unveiled in a major speech last month.

It confirms that the final Brexit deal will be presented before Parliament for ratification and that the UK would pursue a fresh tariff-free trade agreement with the EU after an exit from the common single market.

"After we have left the EU, we want to ensure that we can take advantage of the opportunity to negotiate our own preferential trade agreements around the world," the document said.

May's foreword to the White Paper is made up of extracts from her Lancaster House speech on January 17, in which she said that forging a new partnership with Europe and a "stronger, fairer, more global" Britain would be "the legacy of our time, the prize towards which we work, the destination at which we arrive once the negotiation is done".

The document, which provides the UK Parliament and the

country with a "clear vision" of what the government is seeking to achieve in negotiating the UK's exit from, and new partnership with, the EU, comes a day after British MPs voted in favour of May invoking Article 50 of the Lisbon to trigger the two-year timeline to negotiate a new deal as a non-member of the bloc.

MPs backed the European Union (Notification) Bill by 498 votes to 114 last night, with 47 Opposition Labour party rebels voting against.

The bill will now face more debate before it can become law.

MPs will discuss the bill in more detail next week when it reaches the committee stage in the Commons, and Labour has vowed to force through amendments.

Exit talks with the EU are expected to last up to two years, with the UK predicted to leave the 28-member organisation in 2019.

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Agencies
July 7,2020

Washington, Jul 7: The US military "will continue to stand strong” in relationship to a conflict between India and China or anywhere else, a top White House official said on Monday, after the navy deployed two aircraft carriers to the South China Sea to boost its presence in the region.

"The message is clear. We're not going to stand by and let China or anyone else take the reins in terms of being the most powerful, dominant force, whether it's in that region or over here,” White House Chief of Staff Mark Meadows told Fox News.

“And the message is clear. Our military might stands strong and will continue to stand strong, whether it's in relationship to a conflict between India and China or anywhere else,” Meadows said in response to a question.

He was told that India banned Chinese apps because Indian soldiers were killed by Chinese troops last month and asked what's mission of the two aircraft carriers - the Ronald Reagan and the Nimitz - and what's America's mission.

The troops of India and China are locked in an eight-week standoff in several areas in eastern Ladakh including Pangong Tso, Galwan Valley and Gogra Hot Spring. The situation deteriorated last month following the Galwan Valley clashes that left 20 Indian Army personnel dead as the two sides significantly bolstered their deployments in most areas along the LAC.

The Chinese military on Monday began withdrawing troops from the Galwan Valley and Gogra Hot Spring after National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held lengthy talks on Sunday. Doval and Wang are also the special representatives on the India-China boundary talks.

The United States has sent two of its aircraft carriers to the South China Sea. “Our mission is to make sure that the world knows that we still have the preeminent fighting force on the face of the globe,” Meadows said.

President Donald Trump has invested more in the US military, more in not only the hardware, but the men and women who serve so sacrificially each and every day, he said. “He (Trump) continues to do so,” he added.

China is engaged in hotly contested territorial disputes in both the South China Sea and the East China Sea. Beijing has built up and militarised many of the islands and reefs it controls in the region. Both areas are stated to be rich in minerals, oil and other natural resources and are vital to global trade.

China claims almost all of the South China Sea. Vietnam, the Philippines, Malaysia, Brunei and Taiwan have counter claims over the area.

Appearing on the same Fox News on Monday talk show with host Brian Kilmeade, influential Republican Senator Tom Cotton said that the US aircraft carriers are headed to the South China Sea to thwart off any Chinese misadventure against Taiwan or other countries in the region.

"That's one of the reasons why we have those aircraft carrier groups in the South China Sea. I mean, look what China did in the southwest. It's essentially invaded India over the last few weeks and killed Indian soldiers,” Cotton said.

"No country on China's periphery, right now, is safe from Chinese aggression. All those countries want a close relationship with the United States. We ought to have one,” Cotton said.

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
June 15,2020

Dubai, Jun 15: The global tally of Covid-19 coronavirus infections crossed the 8 million mark on Monday, with recoveries at 4.13 million, and deaths at nearly 436,000.

As of 11.40am UAE time, there were 3.43 active Covid-19 cases globally, of which 54,460 were serious or critical.

The United States still leads the charts with 2.16 million cases and 117,858 deaths. Behind US, at a distant No 2, is Brazil with 867,882 cases and 43,389 deaths.

Russia, India, the UK, Spain, Italy, Peru, Germany and Iran complete the top 10.

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