Connect with us

DIPLOMACY

French senators reject EU-Canada free-trade deal

Published

on

The French Senate has overwhelmingly rejected the EU-Canada trade agreement, which has been provisionally in force since 2017, due to its potential impact on French livestock, signalling further difficulties for its final ratification by the EU.

The bill on the economic and trade aspects of CETA, the trade agreement between Canada and the European Union (EU), was rejected by 255 votes to 211 in the Senate on Thursday (21 March).

The communist group of senators behind the vote applauded ‘a great victory’ and ‘all those who reject the logic of free trade agreements that exacerbate competition between peoples’.

Unusually for such an issue, the conservative Les républicains joined forces with the left to oppose the deal.

The government accused opponents of exploiting farmers’ discontent and the European election campaign to highlight this sensitive issue.

Since the beginning of the farmers’ protests in Europe, free trade agreements have been one of the main culprits, accused of sacrificing European agriculture in favour of industrial products and services.

The agreement was voted through by the French National Assembly in 2019, with President Emmanuel Macron holding an absolute majority.

Since then, the government has refused to allow the other chamber to vote, a condition for France to ratify its agreement with Brussels.

Although the purely commercial part of the agreement has been in force since 2017, full ratification of CETA requires the approval of all 27 EU member states. So far, 17 EU countries, including Germany, have given the green light, while France and Cyprus have refused to ratify.

During the debates before the vote, the government, represented by Foreign Trade Minister Franck Riester, denounced the “misinformation” that opponents had been spreading for several days, especially about the impact of CETA.

The minister insisted that the agreement was good for the French economy, businesses, agriculture and strategic relations with Canada.

Proof of this, he said, was the 33% increase in French exports to Canada over six years in all sectors, from chemicals to cosmetics and steel. The agri-food sector, at the centre of the debate, has tripled its exports. Cheese exports rose by 60%.

Above all, Riester dismissed fears about the risks of importing Canadian beef treated with hormones or antibiotics. This is “misinformation”, he said, adding that Canada does not currently export beef to France.

Senator and farmer Laurent Duplomb (Les Républicains) challenged the government’s rhetoric, arguing that “the 33% increase in exports is expressed in value [not volume] and more than half is artificially inflated by inflation”.

According to the Veblen Institute, which has criticised CETA, the volume of trade in goods will increase by just 0.7% between 2017 and 2022.

“As a result, in 2035, CETA will generate $4 per European resident per year, compared to $313 per Canadian citizen per year,” Duplomb claimed.

Duplomb also condemned the “silence of the European Commission”, whose inspections in Canada in 2019 and 2022 revealed shortcomings in animal traceability.

DIPLOMACY

US to tighten entry rules for Russian citizens

Published

on

The Donald Trump administration is reportedly planning to introduce new restrictions on entry to the US for citizens of forty-three countries, including Russia and Belarus.

According to The New York Times, citing American officials familiar with the matter, the project was prepared by American diplomats and security units and envisages dividing countries into three categories: “red,” “orange,” and “yellow.”

Travel to the US will be significantly restricted for citizens of the ten countries on the “orange” list.

Only “wealthy business travelers” from these countries will be allowed to enter the country, while tourist and immigration visas may be prohibited.

In addition to Russia and Belarus, Haiti, Laos, Myanmar, Pakistan, Sierra Leone, South Sudan, Eritrea, and Turkmenistan are also planned to be included in this list.

The “red” list includes eleven countries: Afghanistan, Bhutan, Cuba, Iran, Libya, North Korea, Somalia, Sudan, Syria, Venezuela, and Yemen, and citizens of these countries will be completely banned from entering the US.

The 22 countries on the “yellow” list will be given 60 days to address US concerns. Otherwise, these countries may also be placed in the “orange” or “red” categories. This list generally includes Caribbean and African countries.

It is not yet known whether the new regulation will affect existing visas and residence permits (green cards).

It remains unclear whether these will be canceled.

The recommendations regarding the new entry regulation were prepared by the State Department a few weeks ago, but the document may be revised before being submitted to the White House.

In addition, The New York Times recalled that in January, Donald Trump signed a decree envisaging the identification of countries whose information provided was “insufficient for verification” and the partial or complete suspension of entry for citizens of these countries.

The newspaper also noted that Trump imposed a similar ban during his first presidential term (2017-2021), but this ban was later lifted by his successor, Joe Biden.

The report noted that officials from various government agencies declined to comment on the matter.

Continue Reading

DIPLOMACY

CK Hutchison shares fall after China criticizes Panama port sale

Published

on

Shares in Hong Kong-based conglomerate CK Hutchison fell 5% on Friday after China criticized the sale of its Panama Canal ports and suggested it should “think twice” about a $22.8 billion deal with US asset manager BlackRock.

A strongly worded commentary, which first appeared in Hong Kong’s Beijing-backed newspaper Ta Kung Pao and was reposted late Thursday by China’s top office in charge of the territory’s affairs, accused the US of using “despicable means” to pressure the deal.

The article stated, “[Critics] say this is a spineless, fawning, profit-seeking move that sells out integrity for personal gains and disregards national interests. [It is an act of betraying and selling out all the Chinese people].”

It emphasized that China’s maritime transport and trade would be hindered by the US and that CK Hutchison should “think twice” about “what position and side it should be on.”

Dan Baker, a senior equity analyst at Morningstar, said concerns over whether the deal would be completed after securing approval from the Trump administration were reflected in Friday’s share price decline, but that the move might be an “overreaction.”

“To the extent that the company still has assets in China, if the Chinese government is angry with them for making this sale, there is probably some potential investor concern about what might happen to their businesses that are still there,” Baker said.

Mainland China and Hong Kong accounted for about 14% of CK Hutchison’s 2023 revenues, while revenues from the UK and Europe accounted for about 50% of that.

CK Hutchison did not immediately respond to a request for comment. Its shares had risen more than 20% in Hong Kong when the deal was first announced last week.

At the time, Chinese Foreign Ministry Spokesperson Lin Jian declined to comment on the sale but denied Trump’s claims that China controlled the canal.

Under the agreement in principle, 43 ports owned by billionaire Li Ka-shing’s CK Hutchison company, located at both ends of the Panama Canal, will be sold to a consortium that includes BlackRock.

These ports include those in the UK and Germany, as well as Southeast Asia, the Middle East, Mexico, and Australia.

According to the Financial Times, BlackRock CEO Larry Fink briefed senior officials from the Trump administration, including the President and Secretary of State Marco Rubio, to secure their support for the takeover.

The deal was planned a few days after Donald Trump took office. The President said in his inaugural speech: “The Panama Canal is operated by China… and we are taking it back.”

Li, who retired as chairman of CK Hutchison in 2018 and still serves as a senior advisor, was actively involved in the negotiations.

Continue Reading

DIPLOMACY

China, Russia, Iran unite in call to end illegal sanctions

Published

on

China, Russia, and Iran, following trilateral talks in Beijing on Friday, called for an end to “illegal and unilateral sanctions” against Tehran, as well as “threats of force.”

In a joint statement released by Chinese state television CCTV, the three countries said that diplomatic engagement and dialogue based on “mutual respect” were the “only effective and viable option” to address the issue of Iran’s nuclear program.

“The three countries emphasized that relevant parties should be determined to eliminate the root causes of the current situation and abandon sanctions and pressure, as well as military threats,” the statement continued.

The statement did not explicitly mention the US, but the meeting followed Iran’s rejection of Donald Trump’s proposal to restart nuclear negotiations. Tehran said it was not fair to negotiate under conditions where Washington was implementing a policy of maximum pressure.

The meeting, chaired by Chinese Vice Foreign Minister Ma Zhaoxu, was attended by Russian Deputy Foreign Minister Sergey Ryabkov and Iranian Deputy Foreign Minister Kazem Gharibabadi.

During his first term as president, Trump withdrew the US from the international agreement under which Iran agreed to limit its nuclear program in exchange for the lifting of sanctions.

Last week, Trump proposed restarting negotiations in a letter to Iran’s Supreme Leader Ayatollah Ali Khamenei, which was delivered by the United Arab Emirates. In an interview a day after the letter was delivered, he said that if Tehran did not want to negotiate, the US would have to “intervene militarily.”

Iranian President Masoud Pezeshkian said that he would not negotiate under “threat” and would not submit to the “orders” of the US.

Friday’s meeting took place before a conference at the United Nations Security Council on the same day to discuss Iran’s growing uranium stockpile. Earlier this month, the International Atomic Energy Agency expressed new concerns about Iran’s uranium enrichment activities, stating that these activities were approaching weapons-grade levels.

In a joint press conference with his Russian and Iranian counterparts, Sergei Ryabkov and Kazem Gharibabadi, Chinese Vice Foreign Minister Ma Zhaoxu said: “We emphasized the importance of UN Security Council Resolution 2231 and its timeframe, and called on relevant parties to avoid actions that would escalate the situation and to jointly create a favorable atmosphere and conditions for diplomatic efforts.”

The resolution Ma referred to endorsed the nuclear agreement, known as the Joint Comprehensive Plan of Action, which was also signed by China, Russia, Britain, France, Germany, and the European Union.

On Friday, both China and Russia welcomed Iran’s commitment to the Non-Proliferation Treaty and Tehran’s pledge not to pursue nuclear weapons. “They emphasized that Iran’s right to use nuclear energy for peaceful purposes as a party to the treaty should be fully respected,” the statement said.

The trio also held joint naval exercises in the Gulf of Oman last week to deepen military cooperation.

It was also noteworthy that the meeting was not held in Beijing. China, which aims to mediate in disputes in the Middle East, has previously mediated between Iran and Saudi Arabia, long-time adversaries, and brought together Palestinian organizations in Beijing at the beginning of the Gaza War.

Analysts say that China’s growing interest in the Middle East also reflects Beijing’s desire to diversify relations beyond economic partnerships. According to Jonathan Fulton of the Atlantic Council, some Middle Eastern countries see relations with China as a tool and even leverage to attract the attention of the US.

“Iran, of course, sees the West as an enemy and China’s support as crucial to navigating a challenging regional and international environment,” Fulton said in his recent report for the Washington-based think tank.

Continue Reading

MOST READ

Turkey