Connect with us

News

India, EU resume free trade talks after nearly a decade

Avatar

Published

on

The talks come amid ongoing efforts to isolate Russia economically in response to the Ukraine conflict.

India and the European Union have resumed talks on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia.

“Both sides are aiming for the trade negotiations to be broad-based, balanced and comprehensive, based on the principles of fairness and reciprocity,” India’s commerce ministry has said earlier when announcing the first round of talks in Delhi, which were due to run until Friday.

“There will also be discussions on resolving the Market Access Issues which are impeding bilateral trade,” it said.

The European Union is India’s second-biggest trading partner after the United States but talks with the bloc broke down in 2013 over issues including tariff reductions and patent protection.

Merchandise trade hit an all-time high of $116 billion in 2021-22, with India’s exports to the 27-member European Union hitting $65 billion, according to New Delhi.

Dubbed the “tariff king” by former US president Donald Trump, India has become more open to lowering trade barriers in recent years and is negotiating pacts with several other countries.

The Asian giant has refused to condemn Russia’s offensive in Ukraine, even increasing oil purchases from its long-standing strategic ally and biggest supplier of arms.

In February, India signed a major economic partnership agreement with the United Arab Emirates and agreed on an interim free-trade deal with Australia in April, aiming to finish off a full pact by the end of the year.

India is also in trade negotiations with Canada, Israel and Britain.

Prime Minister Boris Johnson said on a visit in April that Britain and India hoped to nail down an accord by October.

READ MORE: G7 nations to ban Russian gold imports in response to Ukraine conflict: US

Source: TRT 

Local

Chief of Defence Force inducted into International Fellows Hall of Fame

Avatar

Published

on

By

Chief of Defence Force Major General Abdulla Shamaal has been inducted into the International Fellows Hall of Fame at the National Defence University (NDU) in Washington, DC, United States (US).

Major General Shamaal received the award at the International Fellows Hall of Fame induction ceremony held at the Sydney Sheraton Grand Hotel. Lieutenant General Michael Plehn, the President of the NDU, presented the certificate and memento of induction into the International Fellows Hall of Fame.

Major General Shamaal is the first Maldivian to be awarded the honour. He and four others from four countries have been awarded the honour. He completed a Master of Arts in Strategic Security Studies from the NDU in 2012 and was awarded the Distinguished Honour Graduate of the course.

The International Fellows Hall of Fame was established in 1999. The purpose of the programme is to provide a prestigious and visible means of honouring NDU graduates who have attained through merit the highest positions in their nation’s armed forces, service component, or government, or who have held an equivalent position in a multinational organisation. The members of the International Fellows Hall of Fame are recognised in a formal ceremony on the NDU campus. Their photographs are displayed in Marshall Hall in the Hall of Fame area.

 

Source: psmnews

Continue Reading

News

Media urged to highlight nations’ joint BRI efforts

Avatar

Published

on

By

A senior official underlined on Tuesday the important role of media in boosting high-quality cooperation on the Belt and Road Initiative, urging international media outlets to tell about participating countries’ joint efforts to promote peace and prosperity, open, green and innovative development, and cultural progress.

Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Publicity Department of the CPC Central Committee, made the remark in a video speech at the 2022 Media Cooperation Forum on Belt and Road, which was held in Xi’an, Shaanxi province.

Huang said that jointly building the Belt and Road was a significant initiative proposed by President Xi Jinping in line with the trend of global development and in answering the call of the times, with a view to advancing the building of a community with a shared future for mankind.

Since the initiative was proposed, infrastructure connectivity has advanced, the synergy of rules and standards has made progress and the bonds among people in countries involved in the initiative have been strengthened, Huang said.

The efforts to enhance Belt and Road cooperation have been deepened with fruitful results, and the initiative has become a global public good and a platform for international cooperation welcomed by the international community, he added.

Emphasizing the media’s important role in promoting the communication of information, enhancing mutual trust and building consensus, Huang said jointly building the Belt and Road is inseparable from the active participation of the media outlets worldwide as well as their sincere exchanges and pragmatic cooperation.

Looking forward, Huang expressed his hope that international media organizations will actively promote the perspective of civilization that features equality, mutual learning, dialogue and inclusiveness, make the voices of win-win cooperation heard and contribute to high-quality Belt and Road cooperation.

The forum was held in both an online and offline format. It was jointly organized by People’s Daily, the CPC Shaanxi Provincial Committee and the Shaanxi provincial government. More than 120 media representatives from over 40 countries and international organizations attended the forum.

By the end of March, a total of 149 countries and 32 international organizations had signed cooperation documents with China on jointly building the Belt and Road.

From 2013 to 2021, the volume of trade in goods between China and countries involved in the Belt and Road amounted to around $11 trillion, and two-way investment exceeded $230 billion, according to the Ministry of Commerce.

 

Source: China Daily

Continue Reading

Local

Management plans to be implemented this year for two protected areas in Baa Atoll

Avatar

Published

on

By

The Baa Atoll Biosphere Reserve Office has stated management plans will be formulated and implemented this year for two more areas in the atoll declared as protected areas.

Baa Atoll currently has 10 protected areas, of which three areas have a management plan. These three areas are Hanifaru, Olhugiri and Mendhoo region.

The Baa Atoll Biosphere Reserve Office revealed management plans are being formulated for two more areas, to be implemented this year. As such, management plans are to be implemented this year for the areas of Angafaru and Goidhoo Koaru.

Angafaru was declared protected on June 6, 2009. The protected area includes Dhonfanuthila, Dhiguthila and Mahaanagaa. The area used to be a breeding ground for both grey and white tip reef sharks. However, reef shark numbers have dramatically decreased from the site due to overfishing

Goidhoo Koaru, located on the northern side on the inhabited island of Goidhoo, was declared protected on June 5, 2011. This area has the highest biodiversity and largest mangrove forest within Baa Atoll. It is one of the largest mangrove ecosystems within the nation and has a high biodiversity population of mangrove associated vertebrates and invertebrates. This site is also a popular roosting site for migratory birds such as the Ruddy Turnstone and Northern Shoveler.

United Nations Educational, Scientific and Cultural Organisation (UNESCO) has declared Baa Atoll as a biosphere reserve for an additional 10 years. UNESCO has instructed the Baa Atoll Biosphere Reserve Office to formulate and implement effective management plans for all protected areas in the region.

 

Source: psmnews

Continue Reading

Trending