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Trade

China senior diplomat says U.S. relations at 'new crossroads'
World

China senior diplomat says U.S. relations at 'new crossroads'

  • China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period of “unprecedented difficulty”, senior diplomat Wang Yi said in official comments published on Saturday.
  • Relations between the world’s two biggest economies have come under increasing strain amid a series of disputes over trade, human rights and the origins of COVID-19.
Published 02 Jan, 2021 03:56pm
PM sold out fish in Brexit trade deal, fishermen say
World

PM sold out fish in Brexit trade deal, fishermen say

  • British fishermen said on Saturday that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats significant access to the United Kingdom’s rich fishing waters.
  • The United Kingdom will leave the EU’s Common Fisheries Policy on Dec. 31, but under the trade deal agreed on Christmas Eve the current rules will remain largely in place during a 5-1/2-year transition period.
Published 28 Dec, 2020 07:09pm
UK and EU agree to historic Brexit deal
World

UK and EU agree to historic Brexit deal

  • On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
  • Downing Street has issued a statement confirming the deal.
Published 24 Dec, 2020 07:55pm
Britain, EU tell each other to give way in 'difficult' trade talks
World

Britain, EU tell each other to give way in 'difficult' trade talks

  • With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
  • The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.
Published 21 Dec, 2020 11:45am
EU chief says UK trade pact closer but success not certain
World

EU chief says UK trade pact closer but success not certain

  • Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
  • Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.
Published 16 Dec, 2020 05:38pm
India and UK to move forward on trade talks as Johnson plans visit
World

India and UK to move forward on trade talks as Johnson plans visit

  • India and Britain will push negotiations on trade ties, their foreign ministers said after talks in New Delhi on Tuesday, as both countries seek to restart economies battered by the coronavirus pandemic.
  • Trade and investment will be high on the agenda of Prime Minister Boris Johnson, who will travel to New Delhi in January, his first bilateral visit since taking office.
Published 16 Dec, 2020 12:57pm
Moment may come to end post-Brexit EU trade talks, UK PM Johnson says
World

Moment may come to end post-Brexit EU trade talks, UK PM Johnson says

  • Prime Minister Boris Johnson said on Tuesday that Britain could call an end to post-Brexit trade talks without a deal being reached.
    • This statement came only a day after the Prime Minister agreed to meet the European Commission head in a last-ditch attempt to break the stalemate.
Published 08 Dec, 2020 06:27pm