In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›
European Union
U.S. & EU should iron out differences over subsidies to aircraft manufacturers: USTR
In a significant development, in an interview, U.S. Trade Representative Robert Lighthizer stated the United States and Europe should agree to be on the same page and collaborate in opposing any future “hurtful” subsidies used by China to build up… Read More ›
Washington hopeful of mini-trade deal with London: USTR
In a statement, U.S. Trade Representative Robert Lighthizer told the BBC that Washington is aiming to seal a mini-trade deal with the U.K. which will see a reduction of trade tariffs. Hopefully, punitive tariffs on Scottish whisky could be lowered… Read More ›
BoE does not foresee Brexit related market disruptions threatening UK’s financial stability
On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
Britain signs FTA with Singapore
In a significant development, on Thursday, Britain has signed a free trade agreement with Singapore as it prepares its transition out of the European Union on December 31, 2020. The deal was signed by Britain’s secretary of state of international… Read More ›
Japan’s ruling aims to incentivize green investments
With Japanese Prime Minister Yoshihide Suga strategically placing carbon neutrality at the centre of the country’s economic recovery plan, the country’s ruling party has called for extending tax breaks on low-emission vehicles as well as incentivize green investments, showed a… Read More ›
Clauses in UK’s Internal Market Bill breaks international law, only negotiating tactics: Irish Foreign Minister Simon Coveney
Irish Foreign Minister Simon Coveney stated, Britain’s plan to table a legislation aimed at breaking an earlier Brexit impasse is a “negotiating tactic” and EU negotiators should recognize it as that and not get distracted. Britain’s upper house of parliament… Read More ›
Britain positioned reasonably well in Brexit talks: Foreign Minister Dominic Raab
On Sunday, British foreign minister Dominic Raab stated Britain’s negotiations with the European Union over Brexit are positioned reasonably well, with some progress made on competition issues; however significant differences continue remain on fishing. “I do think we’re in a… Read More ›
NATO, EU invites U.S. President-elect Joe Biden to rebuild transatlantic ties
In a significant development, top officials from the European Union as well as the head of NATO invited U.S. President-elect Joe Biden to rebuild transatlantic ties. Washington is set to meet its European allies in 2021. NATO Secretary General Jens… Read More ›
COVID-19 casting a shadow on Britain’s urgent need for FTA with EU: Rishi Sunak
During an interview to the BBC’s Andrew Marr, British Finance Minister Rishi Sunak said, the UK wants to strike a free-trade agreement with the European Union; but in near-term perspective, the concern is overshadowed by the COVID-19 pandemic. When asked… Read More ›