Archive for the ‘European Union’ Category

Art of the deal: Angela Merkel had to repeatedly tutor Donald Trump about the European Union – Salon

It turns out that Donald Trump is bad at making deals. Yes, the guy who oncesaid you cant leave the White House, go to Hawaii and play golf for three weeks and be a real deal-maker. It doesnt work that way, is the very same guy who tried to circumvent the European Union and cut a bilateral trade deal with Germany and whenrefusedthe first time, he asked 10 more times,according to the Times of London.

During his meeting with German Chancellor Angela Merkel last month, Trump insisted on to negotiating a trade deal between the U.S. and Germany, only to be shut down numerous times.You cant do a trade deal with Germany, only the EU,' a senior German official told the Times of London.

On the eleventh refusal, Trump finally got the message, Oh, well do a deal with Europe then,' the official added.

Merkel explainedto Trump that he must instead negotiate with the EU in its entirety after his administrations efforts to reach out to the nations individually had been denied. Merkel also said to her own cabinet members that Trump only hadvery basic misunderstandings regarding the fundamentals of the EU and multinational trade agreements.

The Trump administration then decided to it was more valuable for the U.S. to prioritize a trade deal with the EU rather than one with the U.K. after their referendum in June to formally leave the pact, a source close the White House told the Times of London.

Reuters reported:

Any quick deal between the U.S. and Europe could come as a blow to British Prime Minister Theresa May who had hoped to win a promise of deeper trade ties when she became the first foreign leader to meet Trump in office in January.

Trade became a major issue during the Brexit campaign when the then-president Barack Obama said Britain would go to the back of the queue for a deal if it voted to leave.

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Art of the deal: Angela Merkel had to repeatedly tutor Donald Trump about the European Union - Salon

European Union to Invest 500000 to Develop Blockchain Expertise – Finance Magnates

The EUs European Parliament has recently mandated the European Commission to implement a pilot project in order to build up technical expertise and regulatory capacity for blockchain technology. The European Commission in response announced that it intends to launch a call for tender for a service contract to set up an EU Blockchain Observatory, withanestimated budget of 500,000 over a period of 2 years.

The London Summit 2017 is coming, get involved!

The EC wants the new body toconsist of both an observatory and a forum to gather opinions and to voice concerns around blockchain and distributed ledger technologies (DLT). It will have the goal ofbecoming an EU expertise hub to discuss forward-looking topics on blockchain and develop use cases of interest at EU level.

The purpose will be to inform and assist the European Commission in understanding what role if any European public authorities should play to encourage the development and adoptionof these technologies and to formulate related policy recommendations.

The observatory is expected to provide an up to date overview of relevant initiatives relying on the technology around the world and to follow up closely on the developments and the related challenges and opportunities for European industry, citizens and governments.

It will also develop expertise on topics such as infrastructure, governance and validation mechanisms, smart contracts, regulatory and legal challenges, interoperability and standards, build and animate a platform for the European blockchain community and explore possible use cases with a value added at the EU level.

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European Union to Invest 500000 to Develop Blockchain Expertise - Finance Magnates

The European Union increases its support for Haiti – EU News

During an official visit to Haiti after the appointment of a new Government, Commissioner for International Cooperation and Development, Neven Mimica announced a new EU aid package.

The first of which is a special allocation of 18.5 million (14.5 million in exceptional budget support and 4 million for an agricultural project) in response to Hurricane Matthew which hit the island in October 2016 and caused widespread damage to housing, agriculture, and infrastructure. The EU had also provided initial emergency relief last year when the hurricane struck the country.

Commissioner Mimica said: "Through our new support we clearly show the solidarity of the European Union towards Haiti. We remain committed to supporting the Haitian population and the reconstruction and stabilisation of the country."

The second part of support through the signature with the Prime Minister S.E.M Jack Guy Lafontant is a 45 million agreement for the construction of the National Road #3, connecting Port-au-Prince to the northern town of Cap Haitian, the second biggest town and port of Haiti.

Commissioner Mimica added: I am aware that the people of Haiti have suffered for many years from poor road conditions. The EU is committed to the completion of the National Road #3 all the way from Port-au-Prince to Cap Haitian. I am delighted to be signing this project which will help the development of the island. This road will facilitate community access to health centres, schools and other services.

Background:

Haiti remains the poorest country in the Latin America/Caribbean region. It is, in addition one of the most unequal with an alarming Gini coefficient of 0.592 (one of the highest in the world), and chronic political, socio-economic and environmental fragility. Haiti receives around 42% of the financial assistance allocated to the Caribbean region under the 11th European Development Fund (EDF) (2014-2020).

More information on the European Development Fund:

In line with the country context and as reflected in the national development strategies of Haiti, the EU strategic objectives pursued in the 11th EDF include:

More information on the EU's crisis response to Hurricane Matthew:

Matthew, a category 4 hurricane, made landfall in Haiti on 4 October 2016, causing widespread flooding and damage to housing, agriculture, and infrastructure. At least 2.1 million people were affected, including 894,000 children. Of them, 1.4 million were in need of assistance, including 500,000 children, with at least 125,000 requiring protection from exploitation, violation, and abuse (United Nations Office for Coordination of Humanitarian Affairs figures of November 2016).

In this context, the European Commission provided humanitarian aid worth 19.7 million to cover immediate needs in relation to food and nutrition security, water and sanitation, education, shelter and protection.

Furthermore, the Commission mobilised 18.5 million under the State Building Contract and the Southern Food Security project to support the Government in its post-Matthew reconstruction and agricultural rehabilitation efforts.

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The European Union increases its support for Haiti - EU News

Humphrey Hawksley UK election could accelerate unravelling of European Union – Nikkei Asian Review

France has become the latest European country to propel a far-right politician to within reach of leadership after the weekend victory of anti-European and anti-Immigration Marine Le Pen in the first round of the French presidential election. Le Pen, who will face independent centrist Emmanuel Macron in the run-off vote in May, is unlikely to win, according to polls, but her success underscores the seriousness of Europe's current trend toward right-wing nationalism.

Le Pen has pledged to reinstate border checks and take France out of the European Union, following the path that Hungary's illiberal Prime Minister Victor Orban has taken for some years to champion Hungarian sovereignty by challenging the EU's democratic rules. In the Netherlands, the anti-immigration and anti-Islam party of Geert Wilders came in second in a parliamentary election in March and last December, Austria came within a hair's breadth of electing a far right president.

With Prime Minister Theresa May's unexpected announcement of a general election on June 8, Britain becomes the fourth EU country to go to the polls this year. The ruling Conservative Party is expected to increase substantively its now slim majority amid accusations of authoritarianism and attempting to override the democratic process.

And, unless May or the EU make a policy U-turn, Britain will leave both the union and its single market two years from now, in a move being described as a "hard Brexit." The other 27 members of the world's biggest trading bloc are closely watching how things unfold to determine whether some of them could also leave the EU.

There are many worrying contradictions. The EU is primarily a trading bloc, but the intricate workings of commerce, currency and markets cannot be explained in one-line campaign soundbites. This is what politicians in the U.K. and elsewhere are trying -- but mostly failing -- to do, with the result that too many policies have little resemblance to complex realities.

Why, for example, does anti-EU rhetoric advocate reaching out for special trade deals with China, Japan and India when these nations represent the very globalization blamed for so much of Europe's discontent? And what impact would a more right-wing Europe have on the EU and on the world economy?

In the 1930s, a similar rise of ethnically-based nationalism followed the Wall Street crash of 1929, ultimately leading to war. That is unlikely to be the case now. But the 2007-08 financial crisis exposed gaps in wealth distribution and growing inequality. A growing resentment over such disparities has helped create the nationalist movements that are making their presence felt throughout the continent.

Britain's narrow Brexit decision in 2016 hinged not on living standards, but on issues of sovereignty, dignity and immigration, with veteran millionaire film star Sir Michael Caine summing up the popular view that he would rather be a "poor master than a rich servant."

Immigrant backlash

The growth of nationalist sentiment has come in response to the influx of refugees from the Middle East, which reached more than a million last year, as well as protracted sluggish economic performances in most EU countries. Almost 9% of European adults are unemployed, with that figure reaching more than 20% among the young. Greece, Spain and Italy are among the worst affected. A 2015 Oxfam study found that between 2009 and 2013, the number of Europeans living with "severe material deprivation" rose by 7.5% to 50 million, which it blamed on increasing inequality.

Another study this year by researchers at Italy's Bocconi University found a direct link between levels of Asian trade and support for European nationalism. It studied 76 legislative elections in 15 European countries between the tail end of the Cold War in 1988 and the crash of 2007. It found that areas with the highest exposure to imports from China were more inclined toward radical right-wing politics.

"The unequal sharing of the welfare gains brought about by globalization has resulted in widespread concerns and a general opposition to free trade," said the report's authors, Italo Colantone and Piero Stanig. They described political movements that combined "support for domestic free market policies with strong protectionist stances" as representing "economic nationalism."

Britain is becoming a pioneer in bringing "economic nationalism" into mainstream politics. May has been burnishing her credentials by accusing anti-Brexit supporters of being the "citizens of nowhere" who were "trying to subvert democracy." Her conservative supporters in the media have called on her to "crush the saboteurs," and accused the independent judiciary of being "enemies of the people" by ruling that the Brexit process should be subject to parliamentary scrutiny.

Once re-elected, May's government will begin turning rhetoric into legislation by seeking trade agreements that it believes are more in line with the national interest. The irony is that Britain would be cutting deals with the exact same countries blamed for causing Europe's economic woes.

May recently visited the non-democratic monarchies of Jordan and Saudi Arabia in the Middle East, while the new international trade minister toured Southeast Asia and three cabinet ministers along with the Bank of England governor journeyed to India.

"They were well received," said John Elliott, an India-based commentator. "But the U.K. no longer rates as one of India's leading foreign relationships and they made little impression outside their formal meetings."

A doubtful strategy

May's decision to go for a "hard Brexit" will leave Britain under World Trade Organization rules that allow tariffs on its goods. She will need to show early success by pulling off some new trade deals. But in the latest setback, U.S. President Donald Trump said recently that he might prioritize the EU over the U.K. in reaching a trade agreement.

The European parliament's Brexit coordinator, Guy Verhofstadt, described British ministers as being engulfed in a "fog of surrealism." He warned that based on London's current negotiating position, "U.K. citizens will have no more of a right to holiday, travel and study in EU countries than tourists from Moscow or students from Mumbai.'

"Getting the E.U. to the level it's at now -- from a directly elected European Parliament to effective free movement and a powerful global trade policy -- took decades," said Louise Rowntree, a EU business consultant and Liberal Democrat parliamentary candidate in the U.K. "A far-right European swing might want to unravel all this work, but that would necessitate years of painful negotiations."

This encroaching ambiguity has yet to be reflected in London's FTSE stock index which is up 15% since the June 2016 Brexit vote. The market's preference would be for Britain to stay in Europe, but the Liberal Democrats are the only party advocating this and they have no hope of winning the election.

The market's second preference is certainty. A Conservative government in office until 2022 could see through the 2019 EU exit with a big enough majority to ride through the bumps.

In many respects, May is setting herself up as leader of a new style of European government, one that wants to govern under conditions of solidarity usually reserved for wartime.

"At this moment of enormous national significance there should be unity here in Westminster, but instead there is division," she said in her announcement of the snap election. "It will be a choice between strong and stable leadership in the national interest, with me as your prime minister, or weak and unstable coalition government."

Dictatorial tendencies

May's critics point to her language and arguments as indications that she wants to override the democratic process itself, arguing that the job of the House of Commons is not to show unity but to stage heated debate and division.

"We are fighting to maintain a functioning democracy in which all the levers of power do not rest in the hands of those commanding wealth and privilege," said former Labour Home Secretary David Blunkett.

European nationalism is driven by two factors. One is anti-immigration sentiment fanned by refugees from the Middle East and fellow Europeans crossing borders to offer cheap labor. The other is a resentment of globalization caused by a flood of imports from Asia and the developing world.

France made a good start at the weekend. Germany's election in September will show the full extent of the nationalist swing. If it gains ground there, then Brexit may only be the first step in a long and unsteady process of unravelling the world's most successful experiment in free trade. Or it may serve as a warning that the unravelling must stop.

Humphrey Hawksley is a former BBC Beijing Bureau Chief. His next book, Asian Waters, about the South China Sea, will be published later this year.

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Humphrey Hawksley UK election could accelerate unravelling of European Union - Nikkei Asian Review

Pakistan beating India hard in the mango trade game: Centre for Environment and Agriculture – Economic Times

MUMBAI: India has been on top of its game in mango production but disappointing exports of the fruit has enabled other countries like Pakistan, with much less production to beat India in the trade, according to the Centre for Environment and Agriculture.

While Indias share of global mango production is 36%, its share in the global mango trade is less than 3%.

The centre with its research has sought to divert attention to Indias falling exports of mango. According to data by the Food and Agriculture Organisation (FAO), in 2014, India produced 18.43 million tonnes of mango while China, coming right after India on the list, lagged behind by a massive gap, producing 4.67 million tonnes only and Pakistan produced just 1.72 million tonnes.

However, considering the above, Indias trade in the fruit has been below satisfactory. In the same year, India exported a mere 42,998 mangoes out of the giant basket of production while Pakistan managed to export around 65,000 units. In 2015-16, while Pakistan exported 1,27,000 units, Indias exports actually fell to around 36,000.

While Middle-East is the main market for Indian mangoes, the European Union is the main market for its Pakistani counterparts.

Efforts are underway to make Pakistan the worlds largest exporter of mango, Sikandar Hayat Khan Bosan, Pakistans minister for food security and research had said a year ago.

It is expected that India will produce close to 19.21 million tonnes mangoes this year. Also, while it is expected to touch the 50k mark for export, Pakistan is riding on the wave of taking more than 2 lakh mangoes to different parts of the world this year.

Although new destinations like Australia, Korea and New Zealand are coming up for export, India is still way behind Pakistan in the number game.

According to a report carried by TOI last month, export demand for Indias Alphonso mango dipped by 40% this year due to reasons pertaining to quality issues in some mangoes due to irradiation, other countries causing a glut in the Gulf and European countries as well as delay faced by Indian exporters in getting government approvals for mango treatment facilities, among others.

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Pakistan beating India hard in the mango trade game: Centre for Environment and Agriculture - Economic Times