Eu tariffs – Rodda And Sons http://www.roddaandsons.com/ Fri, 04 Jun 2021 11:25:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://www.roddaandsons.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Eu tariffs – Rodda And Sons http://www.roddaandsons.com/ 32 32 Whiskey tariffs could be cut in trade deal with Australia https://www.roddaandsons.com/whiskey-tariffs-could-be-cut-in-trade-deal-with-australia/ https://www.roddaandsons.com/whiskey-tariffs-could-be-cut-in-trade-deal-with-australia/#respond Fri, 04 Jun 2021 08:56:00 +0000 https://www.roddaandsons.com/whiskey-tariffs-could-be-cut-in-trade-deal-with-australia/ Amid concerns that the deal with Australia could lead to the gradual introduction of zero tariffs, threaten the competitiveness of UK farmersIn addition to this, you need to know more about it., International Trade Secretary Liz Truss highlighted efforts to remove the 5% tariff on whiskey exports. “A trade agreement between the United Kingdom and […]]]>


Amid concerns that the deal with Australia could lead to the gradual introduction of zero tariffs, threaten the competitiveness of UK farmersIn addition to this, you need to know more about it., International Trade Secretary Liz Truss highlighted efforts to remove the 5% tariff on whiskey exports.

“A trade agreement between the United Kingdom and Australia would be important for Scotch whiskey and the Union”, said Truss. “Part of the promise to leave the EU was to strike deals with countries far beyond Europe, opening up new opportunities for iconic British products like scotch abroad. In addition to this, you need to know more about it.

“I am fighting hard to bring these tariffs down and get a deal that benefits Scottish producers and helps the whole of the UK.”In addition to this, you need to know more about it.

However, she stopped before promising that the tariffs would be removed completely.

Glenkinchie Distillery Supports Free Trade AgreementsIn addition to this, you need to know more about it.

Glenkinchie Distillery Manager Ramsay Borthwick said: “We pride ourselves on making the highest quality single malt whiskey which is exported to over 180 countries around the world under the Johnnie Walker Scotch Whiskey brand.In addition to this, you need to know more about it.

“Growing future global Scotch whiskey exports through free trade agreements that open up markets like Australia will benefit Glenkinchie, Johnnie Walker and the wider Scotch whiskey industry. “In addition to this, you need to know more about it.

Scotch Whiskey Association Managing Director Karen Betts noted that exports to Australia have nearly doubled in the past 10 years and that the industry as a whole is eagerly awaiting a free-trade deal. exchange (ALE) to support this growth.

“The FTA is also an opportunity to strengthen the legal protection of Scotch whiskey in Australia and to improve its application”,she added. “Stopping those looking to take advantage of Scotch whiskey’s reputation for quality with counterfeit scotch is a priority for us in Australia, as it is in all of our export markets.In addition to this, you need to know more about it.



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Resumption of FTA negotiations with the EU, new negotiations with the United Kingdom soon: official https://www.roddaandsons.com/resumption-of-fta-negotiations-with-the-eu-new-negotiations-with-the-united-kingdom-soon-official/ https://www.roddaandsons.com/resumption-of-fta-negotiations-with-the-eu-new-negotiations-with-the-united-kingdom-soon-official/#respond Thu, 03 Jun 2021 11:39:00 +0000 https://www.roddaandsons.com/resumption-of-fta-negotiations-with-the-eu-new-negotiations-with-the-united-kingdom-soon-official/ The timetable for resuming negotiations for the blocked free trade agreement with the European Union (EU) and for starting new negotiations for a pact with the UK will be “very early” and talks will begin shortly. after the completion of preparatory work, according to Commerce Secretary Anup Wadhawan said Thursday. He expressed hope that by […]]]>


The timetable for resuming negotiations for the blocked free trade agreement with the European Union (EU) and for starting new negotiations for a pact with the UK will be “very early” and talks will begin shortly. after the completion of preparatory work, according to Commerce Secretary Anup Wadhawan said Thursday.

He expressed hope that by this year, or towards the end of the year, negotiations with the two regions should begin.

All the preparatory work to start the talks must be done and “very soon” after that, formal negotiations will begin, he told reporters.

“The interactions are already underway. At the beginning we will do some preparatory work, especially with the UK. The preparatory work is going to be a bit more elaborate as the negotiations start for the first time and with the EU as well, a certain amount of preparatory work must take place because there have been long interruptions in the negotiations, ”Wadhawan said.

During this very year, there is a likelihood of completion of preparatory work and the launch of negotiations, “The timetable is therefore very early,” he added.

The draft free trade agreement with the EU, officially dubbed the Expanded Trade and Investment Agreement (BTIA), has stalled since May 2013 as the two sides have yet to resolve their differences over several questions.

Last month, the UK government said it had launched preparations for a free trade deal with India, launching a 14-week consultation to gather public and business input before the start of the formal negotiations later this year.

With the EU, Wadhawan said that at the highest level, a clear agreement was there on the resumption of negotiations, the tracks on which the talks will take place and a clear determination to accelerate the finalization of the negotiations at an early date.

In addition, he said that India is also continuing to improve preferential trade agreements with Chile and MERCOSUR (Latin American countries – Brazil, Argentina, Uruguay and Paraguay).

India is also advancing negotiations with various other countries, including Israel.

“So very extensive efforts are underway. In addition, efforts (are underway) to review our existing FTAs ​​and upgrade them and realize their potential in a better way, whether with Korea, ASEAN and Japan, ”he said.

Asked about the country’s exports, he said the recovery was happening at a faster pace and several sectors were seeing healthy growth rates.

“We are anticipating something of around $ 400 billion worth of merchandise exports (in the current fiscal year) and we will work towards that because the first signs are very encouraging. We will reach the figure of around $ 400 billion. and for that, we will work hard to achieve it, ”said the secretary.

Indian exports rose 67.39% to $ 32.21 billion in May, driven by healthy growth in sectors such as engineering, petroleum products, gems and jewelry.

Regarding the rates of the tax refund scheme for exporters – Remission of duties and taxes on exported products (RoDTEP) – he said it was a new scheme and “needless to say it has some implementation issues, so we’ve been looking at those issues and very soon we will be able to implement “that.

He added that the production-linked incentive program (PLI) is “perfectly” compatible with the WTO (World Trade Organization).

Asked about the US announcement to suspend tariffs on six countries, including India, that have imposed or are considering an equalization tax / digital services tax on e-commerce businesses, the secretary said efforts were being made. underway at the OECD (Organization for Economic Cooperation and Development) to move forward on the issue of digital taxation.

“The broader understanding is that all of these issues emanate from the taxation of e-commerce businesses. They concern many countries and not just India. Efforts are underway on the OECD platform to go from there. ‘before.

“This is all part of a larger effort to achieve a comprehensive understanding of taxation in the face of recent developments in e-commerce, recent growth in e-commerce … I am sure the world will come to some understanding of those questions, “he added.

On Wednesday, the United States announced tariffs on six countries, including India, which have imposed or are considering an equalization tax / digital services tax on e-commerce companies, but immediately suspended taxes until six months to give more time to the completion of the current multilateral agreement. negotiations on international taxation at the OECD and the G20.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)



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Etsy buys Depop for $ 1.6 billion from push gen-Z; UK Starts Trans-Pacific Trade Bloc Negotiations – As Happened | Business https://www.roddaandsons.com/etsy-buys-depop-for-1-6-billion-from-push-gen-z-uk-starts-trans-pacific-trade-bloc-negotiations-as-happened-business/ https://www.roddaandsons.com/etsy-buys-depop-for-1-6-billion-from-push-gen-z-uk-starts-trans-pacific-trade-bloc-negotiations-as-happened-business/#respond Wed, 02 Jun 2021 16:29:35 +0000 https://www.roddaandsons.com/etsy-buys-depop-for-1-6-billion-from-push-gen-z-uk-starts-trans-pacific-trade-bloc-negotiations-as-happened-business/ It’s time to wrap up, with a quick recap. The UK is due to start negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, after its 11 members agreed that membership talks could begin. International Trade Secretary Liz Truss said membership in the CPTPP could provide deeper access to fast-growing markets, such as […]]]>


It’s time to wrap up, with a quick recap.

The UK is due to start negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, after its 11 members agreed that membership talks could begin.

International Trade Secretary Liz Truss said membership in the CPTPP could provide deeper access to fast-growing markets, such as Japan, Australia, Canada and Chile.

Liz truss
(@trussliz)

Joining the CPTTP is a huge opportunity for the UK 🇬🇧

It will be:
bring us closer to some of the world’s fastest growing economies
supporting jobs across the UK
help us rebuild a better global trading system

Trade = Jobs🌍🇬🇧👇https://t.co/YRtlaZG4gH pic.twitter.com/l7Znu13LWg


June 2, 2021

Trade experts argued, however, that membership would have limited benefits and would not compensate for the loss of frictionless trade with the EU.

David henig
(@DavidHenigUK)

As a reminder, it is always easier and cheaper to trade with neighbors, non-tariff barriers greater than tariffs (and barely covered in the CPTPP), and supply chains, generally regional, much larger than sales of finished products to consumers.


June 2, 2021

The United States announced new tariffs on six countries, including the United Kingdom, on their taxes on digital services. But … they were also suspended for up to six months, to encourage leaders to agree on a global tax deal.

The EU has also taken action, agreeing to oblige large multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens such as the Seychelles.

Etsy is trying to tap into the Gen Z crowd by acquiring Depop, the UK second-hand fashion resale app, for $ 1.6 billion (£ 1.1 billion).

Etsy CEO Josh Silverman said Depop is growing “like crazy, and the second-hand” re-sell “market is likely to explode over the next few years.

Oil recovered, after Opec + stuck to its plan to slowly ease the brakes on production. Brent crude is trading at over $ 71 a barrel, on track to hit its highest closing price since May 2019.

The US housing market appears to be cooling, with new mortgage applications falling to their lowest since the start of the pandemic. Exorbitant prices and low supply are hitting demand.

In the UK, demand for mortgages picked up after the government extended the stamp duty exemption.

But people continued to pay their credit card bills in April, despite the lure of reopening stores, pubs and restaurants.

Lock reading helped the Harry Potter publisher Bloomsbury in its third profit improvement of the year after a 22% increase in annual pre-tax profits.

Low cost European airline Wizz Air urged governments to lift travel restrictions faster, after plunging into an annual loss of € 576m (£ 497m) – and warned of further losses to come until restrictions are relaxed.

The Australian economy has recovered from its losses linked to the pandemic:

The London stock market closed a little higher with the UK-focused FTSE 250 ending the day on a new high.

Good evening. GW





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the dispute still casts a shadow on Brexit https://www.roddaandsons.com/the-dispute-still-casts-a-shadow-on-brexit/ https://www.roddaandsons.com/the-dispute-still-casts-a-shadow-on-brexit/#respond Tue, 01 Jun 2021 18:09:00 +0000 https://www.roddaandsons.com/the-dispute-still-casts-a-shadow-on-brexit/ Stephen Kelly of Manufacturing NI believes there is a “fundamental design flaw” in the protocol that results in additional tariffs on certain components heading from the EU to Britain and Northern Ireland, placing the companies at a disadvantage instead of leaving them untouched. planned. They shared their thoughts with Lord Frost, who is visiting Northern […]]]>


Stephen Kelly of Manufacturing NI believes there is a “fundamental design flaw” in the protocol that results in additional tariffs on certain components heading from the EU to Britain and Northern Ireland, placing the companies at a disadvantage instead of leaving them untouched. planned.

They shared their thoughts with Lord Frost, who is visiting Northern Ireland this week to discuss the protocol.

A government spokesperson said: “We continue to seek urgent solutions to the problems that significantly disrupt businesses and citizens. While the EU gives priority to the protection of the single market, our aim remains to protect the Belfast Agreement (Good Friday) in all its dimensions. ”

Edwin Poots, the new leader of the Democratic Unionist Party (DUP), spoke of the recent violence in the streets, attributing it to protocol, a set of rules which he said is proof that “the European Union seeks to punish the United Kingdom ”, making Northern Ireland a“ toy ”in relations with Brexit. The DUP is now requesting that the protocol be abandoned.

Joao Vale de Almeida, EU Ambassador to London, said “there is no alternative to the protocol”.

“Brexit created the problem in Northern Ireland. The protocol is a joint venture of the United Kingdom and the European Union, it is British law, European law, international law, ”he told BBC Radio 4. Today program.

“Even those who criticize the protocol do not present an alternative compatible with the terms of Brexit, so the protocol is the solution, we have to implement it and we want to implement it pragmatically.”



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British angst over trade as O’Connor prepares for UK visit https://www.roddaandsons.com/british-angst-over-trade-as-oconnor-prepares-for-uk-visit/ https://www.roddaandsons.com/british-angst-over-trade-as-oconnor-prepares-for-uk-visit/#respond Mon, 31 May 2021 18:22:41 +0000 https://www.roddaandsons.com/british-angst-over-trade-as-oconnor-prepares-for-uk-visit/ To exchange Next week, Damien O’Connor will travel to London and Brussels to push forward potentially lucrative trade talks with the UK and the EU – but he may not receive an entirely warm welcome. New Zealand politicians and agriculture officials have played down British farmers’ fears of kiwi exports flooding the market as domestic […]]]>


To exchange

Next week, Damien O’Connor will travel to London and Brussels to push forward potentially lucrative trade talks with the UK and the EU – but he may not receive an entirely warm welcome.

New Zealand politicians and agriculture officials have played down British farmers’ fears of kiwi exports flooding the market as domestic politics threaten hopes of a quick conclusion of free trade talks.

In mid-June, Minister for Trade and Export Growth Damien O’Connor will travel to London and Brussels to discuss New Zealand’s free trade negotiations with the UK and the European Union.

O’Connor will be the first government minister to travel offshore since the start of the Covid-19 pandemic, enduring a two-week stay in managed isolation upon his return.


What do you think? Click here to comment.


But a little peace and quiet might be just what he needs after his trip, depending on the reception he receives from UK farmers.

While O’Connor and his UK counterpart Liz Truss recently announced plans to speed up negotiations, there has been unrest in the UK over a zero-tariff offer for the two countries.

There are reports that UK farmers may protest the G7 summit due to take place in Cornwall next month, while in an opinion piece for the Mail on Sunday, Minette Batters, president of the National Farmers Union, said the removal of tariffs “would make life unbearable for small family farms in Britain”.

“The truth is this: Removing tariffs on unmanageable vast volumes of Australian beef or New Zealand lamb – or, God forbid, allowing zero tariffs on all of their products – could mean the end.”

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But speaking to the press room ahead of his trip, O’Connor said those fears were misplaced.

“The total volumes that we invest in these markets are not massive, Australia and New Zealand want to complement the contributions of these beef producers and we do not want in any way to undermine the market value of their product or the our. “

“We hope that at the end of the day they too will recognize that there has to be a compromise, but we are waiting for a commercially meaningful trade deal, otherwise what’s the point?”

It was exaggerating to think that the NZ-UK deal could be finalized during his visit, but he hoped that progress could be made on some of the more sensitive issues with a timeline set for completion, given the significant symbolic value for the UK by being able to show that it was open for business after Brexit.

“We hope that at the end of the day they too will recognize that there has to be a compromise, but we are waiting for a commercially meaningful trade deal, otherwise what’s the point?”

National Trade Party spokesman Todd Muller told the newsroom the government needs to ensure it gets the same level of “unequivocal free market access for goods and services” UK than that offered to Australia, with a transition period if necessary.

Muller said O’Connor must repel any attempt to impose “unnecessary regulations” on agricultural producers to undermine the cost competitiveness of exports.

The environmental chapter, if done right, could actually allay the concerns of UK farmers over allegedly inferior products flooding the market by showing that New Zealand is producing the most environmentally efficient animal products in the world.

Regarding trade talks with the EU, the government seemed to be ‘walking on water’ after 10 rounds of negotiations and needed to better understand why there was an apparent reluctance to engage meaningfully with the News. -Zeeland.

Muller was also skeptical of the EU’s requests for geographical indications, which he said raised concerns in the agricultural sector.

“The idea that feta cheese cannot be called feta cheese because we make it so superbly here seems just nonsense, just as it would be nonsense for Italian kiwi growers not to be able to. call a kiwi …

“What matters is the quality of the product, the branding and your relationship with the consumer, without trying to find highly defensive and anti-competitive mechanisms to stop the business.”

Esther Guy-Meakin, senior director of strategy, trade policy and advocacy for the Meat Industry Association, told the newsroom that the organization appreciates O’Connor’s willingness to travel given Covid’s restrictions and hoped he could encourage a more meaningful supply from the UK and the EU.

Esther Guy-Meakin of the Meat Industry Association says New Zealand has shown itself to be a responsible trader. Photo: provided.

Guy-Meakin said she understood the apprehension of UK farmers about what trade liberalization would mean for them in a post-Brexit world, but said New Zealand had been shown to be a responsible player who did not would not flood the market with substandard products.

“Our farmers do not receive subsidies, our sector is very exposed to market dynamics and we are global traders – we export to 110 different markets around the world and therefore we sell our products where our customers are. willing to pay. the highest price for it.

The EU’s lack of movement on its market access was a concern and undermined its credibility as a supposed global trade policy leader, she said.

Dave Harrison, general manager of policy and advocacy at Beef + Lamb NZ, said he was not surprised by the reaction of UK farmers to the potential terms of the Australia-New Zealand deals as he was unlikely that they ever thought of a zero price offer. would be on the table.

However, the British media had tended to ‘lump’ the two countries together when reporting on agricultural conditions, although practices varied considerably.

“They talk about these huge cattle in North Queensland and the scale they operate on, the use of growth hormone products that just don’t have any real relevance in the New Zealand context, but they don’t understand that.

New Zealand’s failure to fully utilize its current quota limits for mutton exports to the UK has shown that accessing a market does not mean the country will exploit it, said Harrison.



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Biden launches $ 250 billion plan to frustrate China https://www.roddaandsons.com/biden-launches-250-billion-plan-to-frustrate-china/ https://www.roddaandsons.com/biden-launches-250-billion-plan-to-frustrate-china/#respond Mon, 31 May 2021 02:00:21 +0000 https://www.roddaandsons.com/biden-launches-250-billion-plan-to-frustrate-china/ There are also proposed sanctions against those who engage in cyber attacks against the United States, with particular reference to China, and “transparency requirements” and the threat of withdrawal of funding from colleges that have partnerships of. the Confucius Institute with Chinese colleges and universities. Aside from the Trump administration’s $ 360 billion in tariffs […]]]>


There are also proposed sanctions against those who engage in cyber attacks against the United States, with particular reference to China, and “transparency requirements” and the threat of withdrawal of funding from colleges that have partnerships of. the Confucius Institute with Chinese colleges and universities.

Aside from the Trump administration’s $ 360 billion in tariffs on Chinese exports to the United States, which the Biden administration does not seem in a rush to review, the bill would represent a pretty dramatic escalation in U.S. efforts to improve its competitiveness against China.

It’s also another very expensive program amid an unprecedented spending spree by the new administration, which unveiled a $ 6 trillion budget proposal last week.

The bill has a core of bipartisan support in the Senate, although new proposals – like another measure that focuses on the trade imbalance with China – continue to be added.

He might face more difficult hurdles in the House, but the legislation reflects bipartisan hostility towards China and a determination to protect and improve America’s position on major 21st century economic battlefields while trying to suppress China’s efforts to challenge it.

It also reflects the experience of the pandemic, which exposed economic vulnerabilities, and not just in America, to global supply chains and excessive global dependence on semiconductor manufacturers in Taiwan and Korea. from the South in particular.

While there has been some backlash by US businesses to some of the proposed measures – particularly one that would clamp down on technology transfers – and some conservatives object to the extent of the bill’s central focus and with the creation of new bureaucracies to manage the programs, the snags of Congress are about the details rather than the direction.

Xi Jinping’s China is under pressure from the United States and Europe.Credit:AP

The bill, if passed, would cover up the pre-existing trade war between the United States and China.

While new U.S. Trade Representative Katherine Tai and Chinese Vice Premier Liu He had an initial conversation in which Trump tariffs and the current “truce” were discussed, there is no indication that the Biden administration will lift the tariffs or the truce requirement. agreement that China will increase its purchases of US goods by $ 200 billion in 2020 and 2021.

Even though its imports from the United States have increased, China has only met about 60% of its truce commitments and its trade surplus with the United States has exploded as the US economy rebounds depths induced by last year’s pandemic.

The legislation reflects bipartisan hostility towards China and a determination to protect and improve America’s position on major 21st century economic battlefields while trying to quell China’s efforts to challenge it.

The United States is not the only front where China’s ambitions are being fought.

The European Union continued to freeze a trade pact it tentatively signed with China very late last year (after China sanctioned some EU officials in response to China’s own sanctions. EU against Chinese citizens for human rights violations in Xinjiang and Hong Kong) with a sheet of the Trump administration’s trade war handbook.

He drafts laws that would penalize imports and investments by foreign industries that receive subsidies.

While the measures can apply to any country, the largest exporter to Europe – and the economy where state subsidies are at the heart of its economic plans and international ambitions – is the China.

In addition to sanctions for subsidized imports, there would be restrictions on the ability of companies receiving subsidies to invest in EU companies and, as is the case around the world, efforts to reduce dependency. of EY vis-à-vis international supply chains for strategic products.

These include health products, energy, raw materials and others related to Europe’s response to climate change. It is estimated (by the EU) that China supplies around half of the products where the EU plans to increase its self-sufficiency.

The European Union continued to freeze a trade pact it tentatively signed with China late last year with a sheet of the Trump administration's trade war handbook.

The European Union continued to freeze a trade pact it tentatively signed with China late last year with a sheet of the Trump administration’s trade war handbook.Credit:EPA

The EU’s abrupt change in attitude towards China – from the adoption of an investment deal in the final days of the Trump administration to its freezing – may be linked to the sanction by China EU officials, but he also owes something to the thaw in EU-US relations under Biden.

Biden has made restoring U.S. relations with its major post-war partners and allies – relations severely damaged during the Trump years – a priority.

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The US and the EU have had talks that could see the US lift tariffs on European exports of steel and aluminum imposed by Trump in 2018 for “national security” reasons. which provoked retaliatory tariffs from the EU.

New EU tariffs on US exports were expected but have been suspended pending the outcome of the talks, which are taking place against a backdrop of much warmer relations between the US and Europe.

Thus, the two main Western economic blocs are adopting measures that could have a negative impact on China’s ability to achieve its aspirations, even if the actions of the EU are nowhere near as open or overtly hostile as those of the EU. United States.

China pushed the bear with the transparency and breadth of its ambition to overthrow the US global technological and economic leadership and detailing the central role the state would play in achieving this.

He now sees the response which in the United States is broad and aggressive and now appears to garner some support elsewhere.

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LETTER – Trade deal with Australia does not replace the EU https://www.roddaandsons.com/letter-trade-deal-with-australia-does-not-replace-the-eu/ https://www.roddaandsons.com/letter-trade-deal-with-australia-does-not-replace-the-eu/#respond Sun, 30 May 2021 07:00:00 +0000 https://www.roddaandsons.com/letter-trade-deal-with-australia-does-not-replace-the-eu/ He said there was no point in the UK having high environmental and animal welfare standards if food produced to lower standards was imported. Three years later, the Tories are now desperate to strike new trade deals after Brexit and the deal with Australia will be the first They see it as a stepping stone […]]]>


He said there was no point in the UK having high environmental and animal welfare standards if food produced to lower standards was imported.

Three years later, the Tories are now desperate to strike new trade deals after Brexit and the deal with Australia will be the first

They see it as a stepping stone to joining the Trans-Pacific Partnership, joining a trade bloc on the other side of the world.

It does not replace being a member of the world’s largest trading bloc on our doorstep and the inevitable increase in carbon emissions mocks their green agenda.

Animal welfare standards in Australia are well below British and European standards. Sheep are subjected to the cruel practice of mulesing and the cattle are raised in American style feedlots and given synthetic hormones to increase fattening, a practice banned in the UK and the EU.

Still, the government is on the verge of signing a trade deal that will result in zero tariffs and quotas on Australian beef and lamb imports within 15 years – even though the Department of International Trade has predicted that an Australian trade deal would result in an increase of just 0.025% GDP.

Speaking on BBC Politics Wales Montgomeryshire, MP Craig Williams said many farmers voted to leave the EU to enter new markets such as Australia.

I campaigned against Brexit and none of the many farmers I spoke to gave that reason to vote.

In fact, we could export all over the world as a member of the EU anyway, but it makes financial and environmental sense to sell to our nearest neighbors.

Is Mr Williams really suggesting that beef and lamb exports to Australia and other countries (possibly China, as his boss mentioned in the House of Commons last week) could replace part of our trade with the EU? Or is it additional trade?

So where do you find the capacity given that the Conservatives want to take farmland out of production and even offer to pay farmers to give up farming altogether?

The logical result would be to lower our standards, the opposite of stated government policy.

As I pointed out in my letter last November, the current standards are not written into the agriculture bill because ministers have said it will “tie hands in trade negotiations”.

If we maintain the current standards our farmers will be at a great disadvantage, the alternative is a race to the bottom.

Our fishing industry has been given high visibility in the Brexit negotiations, but UK fishermen have been thrown under the bus.

Now the Conservatives are treating farmers with contempt. Mark Drakeford even said an Australian trade deal would put Welsh cultural identity at stake.

Steve boyd

Llanrhaeadr-ym-Mochnant



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Europe Day in Atlanta: EU-U.S. Relations improve under Biden, but all is not rosy https://www.roddaandsons.com/europe-day-in-atlanta-eu-u-s-relations-improve-under-biden-but-all-is-not-rosy/ https://www.roddaandsons.com/europe-day-in-atlanta-eu-u-s-relations-improve-under-biden-but-all-is-not-rosy/#respond Fri, 28 May 2021 19:55:46 +0000 https://www.roddaandsons.com/europe-day-in-atlanta-eu-u-s-relations-improve-under-biden-but-all-is-not-rosy/ The Consul General of the Netherlands, Ard Van der Vorst, presents the European consulates during the annual Europe Day webinar. Now the European Union go out and say it: The past four years have been a period of damage control in transatlantic relations. Tomas Baert, Head of Trade and Agriculture at the Delegation of the […]]]>


Now the European Union go out and say it: The past four years have been a period of damage control in transatlantic relations.

Tomas Baert, Head of Trade and Agriculture at the Delegation of the European Union to the United States

Former president Asset Regularly vilified longtime allies in the EU as undermining US trade and security interests, causing European diplomats to speak cautiously as they weathered the storm of his presidency.

Not that everything was healed, but the relationship returned to a collaborative posture under the president Joe biden, which entered into the Paris climate accords and signaled a collaborative approach on trade and growth China challenge, says Tomas Baert, Head of Trade and Agriculture at the European Union Mission to the United States in Washington.

“We have gone from being a problem to being a partner,” Baert said during a Europe Day webinar held in May with European consulates in Atlanta. “We are looking to move from a transactional approach to a transformational one.”

Mr. Baert, a Belgian by nationality, noted a change in the tone of the relationship: instead of simply avoiding the negative, interlocutors are now trying to accomplish great things together.

“Now we really see opportunities to use the bilateral relationship primarily as a platform to serve a larger agenda which consists of global challenges,” Baert said.

Common priorities include recovery from the pandemic, protecting the environment with prosperity, setting trade standards for the world and strengthening democracy, he said.

But the obstacles that remain are immense. While upholding the principle of openness, the two sides drifted apart on a wide variety of corner issues that have threatened their business relationship.

A major irritant, Baert said, is a dispute over subsidies Airbus, the European aircraft manufacturer, which pushed the United States to file a complaint The world trade organization on behalf of Boeing (a “ceasefire” is in effect for the next few months).

Trump’s “infamous” Section 232 tariffs on steel and aluminum, which Biden has yet to remove, continue to cause consternation among NATO allies as their rationale is national security.

And of course, there are divergent views on technology, from European privacy regulations to digital tax efforts that America’s tech giants say unfairly target them.

“It is only fitting that large trees are getting a lot of attention in this regard,” Baert said of companies like Facebook and Google, while noting that the EU was trying to come up with a proposal. common on the issue of digital taxation. take to the Organization for Economic Co-operation and Development.

China’s challenge

Resolving some of these lingering conflicts will be key to tackling what Baert saw as a matter of consensus: that global collaboration will be needed to address China’s threats to democracy, human rights. man and commerce. European countries like the Netherlands and Germany have been at the forefront of labeling China’s oppression of its Uyghur Muslim minority as genocide, a step the US State Department has also passed.

Economically, more could be done jointly to challenge the “state capitalism” that China has used to develop its economy and gain market share in the world. As the world turns to next-generation technology platforms like 5G, setting standards that incorporate openness and human rights will be more vital, Baert said, noting the intention Mr. Biden’s statement to adopt this allied-centric approach.

“I hope and expect more cooperation as we continue the dialogue on China and end the challenges that the Chinese system presents to both of us in terms of fair competition and values,” he said. he said, noting, however, that the best defense against China is to sharpen the transatlantic. innovation edge. “Our position vis-à-vis China is to make sure we run faster.”

Shopping, diversity and other local issues

Ard van der Vorst

Consul General of the Netherlands Ard Van der Vorst said in his comments that Georgia exports six times more to the European Union than to China, a fact he highlighted in meetings with the governor of Georgia. Brian kemp on the occasion of Europe Day on May 11.

European diplomats also met with the Raphael Bostic to the Federal Reserve Bank of Atlanta to find out how unprecedented fiscal stimulus will affect the outlook for the US economy and those of its trading partners.

Mr Van der Vorst said Europe welcomed Mr Biden’s plan to ‘build back better’, but warned that indications of stricter ‘Buy American’ provisions under Mr Biden could make another point worse. sensitive: European companies feeling excluded from purchasing contracts in the United States

“Build American, buy American – that sounds great, but for us as a consulate it’s also a concern, because what does that mean for our businesses operating here in the Southeast?” he said.

European missions in the southeast will also seek opportunities to participate in productive discussions on race relations, he said, keeping in mind the Black Lives Matter movement and the protests of the past year. It will not be a conference, but a common discussion to take real action, in particular on the equity aspect of the diversity, equity and inclusion initiatives which are at the forefront of the agendas of many companies.

Mr Van der Vorst has been preaching the pragmatic benefits of diversity since moving to the relatively conservative Southeastern United States with her husband in 2019.

“We all know that companies are more successful when they embrace diversity and actively include all walks of life in their organizations,” he said. “We also understand that human capital is actually the most important capital we have as a business.”

This year’s Europe Day webinar was again a collaboration between European consulates and chambers. Speaker of the Netherlands-America Chamber Manori De Silva moderated the discussion, which took on a different tenor than in 2020, on how European companies were struggling to access pandemic relief programs in the US market.

Atlanta is home to diplomatic outposts of 17 EU members, including the six career consulates spanning multiple southern states – Greece, Germany, France, Netherlands, Ireland and Belgium.



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Myanmar: Chevron and Total suspend some payments to the junta https://www.roddaandsons.com/myanmar-chevron-and-total-suspend-some-payments-to-the-junta/ https://www.roddaandsons.com/myanmar-chevron-and-total-suspend-some-payments-to-the-junta/#respond Thu, 27 May 2021 23:42:30 +0000 https://www.roddaandsons.com/myanmar-chevron-and-total-suspend-some-payments-to-the-junta/ (New York) – Governments and energy companies are expected to follow through on a recent decision by Chevron and Total SA to suspend payments for a Myanmar gas pipeline project with further steps to cut funding to the country’s military junta Human Rights Watch said today. While the May 26, 2021 announcement Reflects a shift […]]]>


(New York) – Governments and energy companies are expected to follow through on a recent decision by Chevron and Total SA to suspend payments for a Myanmar gas pipeline project with further steps to cut funding to the country’s military junta Human Rights Watch said today. While the May 26, 2021 announcement Reflects a shift in corporate relations with the junta that seized power on February 1 and has since engaged in a brutal crackdown, the payments represent only a modest amount of the military’s overall gas revenues.

Governments and all energy companies operating in Myanmar should take stronger action to block natural gas revenues to Myanmar’s military. Natural gas revenues are the the army’s largest source of foreign currency income, including approximately $ 1 billion in duties, taxes, charges, fees, tariffs and other benefits. Dividends suspended by Chevron and Total represent a minimal portion of all payments the government receives from natural gas.

“The recent move by Chevron and Total is a step in the right direction, but it affects less than 5% of the natural gas revenue the Burmese junta receives,” said John Sifton, advocacy director for Asia. “To have a real impact, governments and businesses must go further to prevent the junta from receiving funds or accessing bank accounts that receive payments.”

decision ad by Total and Chevron relates to only a 15% dividend paid by a gas pipeline company, the Moattama Gas Transportation Company (“Moattama”), on the profits from the transport charges it receives to transport gas from the offshore gas field from Yadana in Myanmar to Myanmar and Thailand. Total said payments were suspended effective April 1.

Total and Chevron are together the majority owners of Moattama, with 31.2% and 28.3% respectively of the project. The army-controlled Myanmar Oil and Gas Enterprise (MOGE) owns 15 percent and the Thai state-owned gas company PTT holds 25.5 percent. Total acts as the “operator” of the Yadana wellheads and the Moattama pipeline infrastructure. Suspended payments are dividends paid to these companies based on their share of ownership. According to Moattama financial records, the company paid MOGE about $ 38 million in 2018 and about $ 52 million in 2019, in accordance with EITI Reports indicating that the MOGE’s aggregate gas transportation dividends from gas operations represent less than 7 percent of the state’s aggregate revenues from natural gas.

The statements by Total and Chevron do not mention the hundreds of millions of dollars in additional tariffs, fees and taxes that Moattama pays into bank accounts controlled by the Myanmar military. The statement does not apply to the hundreds of millions of dollars more MOGE receives from its share of revenues from the sale of gas to PTT.

“While only a modest amount of overall revenue has been suspended, Total and Chevron’s decision means that at least some Myanmar companies recognize that their cash payments to junta-controlled accounts create major reputational risks.” , Sifton said.

Total recognized the dire situation in Myanmar and suggested in its statement that further action could be taken: “ Total condemns the violence and human rights violations occurring in Myanmar and reaffirms that it will abide by any decision that could be taken by international and national authorities, including sanctions imposed by EU or US authorities. “

Chevron declaration noted that the company “condemns the violence and human rights violations occurring in Myanmar. We support the people of Myanmar and the world community by urging a peaceful resolution that respects the will of the people. The company said it would comply with the penalties imposed on the additional gas revenue, but warned against them.

Total and Chevron are expected to provide more information on the value of the suspended dividends. They and other energy companies operating in Myanmar should also clarify their positions on sanctions and explain why carefully enforced sanctions would not allow their operations to continue while the junta’s revenues were blocked. Businesses should also adhere to applicable international sanctions and make public information about all payments they make to military-controlled and state-owned entities.

Total has yet to respond to a May 11 letter in which Human Rights Watch asked about the potential effects, if any, from the United States, the European Union, the United Kingdom and others. that impose sanctions on Myanmar military controlled entities or impose economic measures to prevent Myanmar military controlled bank accounts from receiving income. Specifically, the letter asked whether such measures would prevent Total from continuing to operate in Myanmar.

Governments considering new sanctions on gas revenues should focus more on PTT, a shareholder and major buyer of the gas that Moattama transports, and the banks that send and receive its payments into accounts controlled by the Myanmar military. All revenue from Total’s Myanmar joint ventures comes from PTTs initially, and the company pays military accounts separately. hundreds of millions of dollars a year.

PTT alone operates a smaller gas field, Zawtika, which provides the Burmese junta with hundreds of millions of dollars in additional payments.

Another gas and pipeline production company run by South Korean company POSCO operates in the country. third major area, Shwe, and receives payments from a Chinese company that pays the junta several hundred million dollars a year.

Total, Chevron, PTT and POSCO should signal their support to authorities in the US, EU, Thailand and other jurisdictions for sanctions or other measures to block royalties, share dividends, tariffs and tax payments on accounts controlled by the Myanmar military.

“If governments effectively sanction or suspend the natural gas revenues generated for the military junta, it will lose $ 1 billion a year to harm the people of Myanmar,” Sifton said. “This type of economic impact could put real pressure on the military to stop its brutal repression and bring the country back to a democratic path.”



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Food and agriculture: UK considers lower tariffs for higher standards https://www.roddaandsons.com/food-and-agriculture-uk-considers-lower-tariffs-for-higher-standards/ https://www.roddaandsons.com/food-and-agriculture-uk-considers-lower-tariffs-for-higher-standards/#respond Thu, 27 May 2021 11:36:41 +0000 https://www.roddaandsons.com/food-and-agriculture-uk-considers-lower-tariffs-for-higher-standards/ This article is an on-site version of the Trade Secrets Newsletter. Here Send the newsletter directly to your inbox from Monday to Thursday Hello from Brussels. Passionate about global and vaccine-related issues, we are now catching up with local news, especially the trade deals being negotiated between the UK and Australia. A safe break In […]]]>


This article is an on-site version of the Trade Secrets Newsletter. Here Send the newsletter directly to your inbox from Monday to Thursday

Hello from Brussels. Passionate about global and vaccine-related issues, we are now catching up with local news, especially the trade deals being negotiated between the UK and Australia. A safe break In the EU position on agriculture which it inherited (despite us) Goding, We do not claim credit) And for over 15 years, we have responded to Australia’s demand to reduce tariffs on farms to zero. Wait a minute, you say, the UK government has promised to protect its sensitive sector to farmers. From now on, these peasants can join the crowded enclosure “Boris Johnson should not have trusted” in the British. Fishery, Business North Ireland, The company to deal with Technical barriers When exporting to the EU and a lot of political and personal knowledge. Literally decades Warning. Someone else about that Apparently yesterday.

In the context of its trade between the UK and Australia, much of the news focuses on the often misunderstood issue of food and agricultural standards. Chartered waters We will come back to how the “Phase 1” transactions between the United States and China are proceeding without the crisis in the manufacturing industry due to the pandemic.

We want to hear from you. Send your thoughts to trade.secrets@ft.com Or send me an e-mail at alan.beattie@ft.com

A stadium where Britain is difficult to level

This is a category that we analyze the UK take on Australia’s bilateral deal, which is not part of the spectacular Yose scene of global UK free trade, singing and dancing it all, but mainly as an economic project. I realize this is a mistake. However, since it is our brand that carefully ignores entertainment and pays attention to detail, we will bow.

Some Brexitters are now happily wondering what they signed up for, I am complaining The UK is trying to sell farmers by allowing them to fall below the norm. Australian agriculture uses processes and techniques (export of live animals, herbicides such as paraquat) to produce products that are banned or phased out in the UK (old chemically washed chicken and hormone beef). You certainly have the right to do so. The UK government has reportedly countered this by proposing that the zero tariff system be available only for products that meet UK agricultural standards.

There is a mess here that needs to be sorted out. From a standard point of view, Australian trade is less of a concern than critics think. However, the UK government’s obvious solution doesn’t make much of a difference in the face of the challenges it poses.

First, chemical chicken and hormonal beef are a bit of red herring, if you allow the mixed cooking metaphor. Food security is “Hygiene and phytosanitary(SPS) states that under World Trade Organization rules, any country can demand all agricultural products sold in its market as long as those standards are based on accepted science. This is not a trivial condition: the United States has won WTO case Opposing the EU’s 1997 ban on hormonal beef, Brussels had to acquire the US by launching a new import quota for non-hormonal beef. However, signing a trade deal with Australia does not automatically force the UK to accept hormone-boosted beef or chemically washed chicken. UK SPS rules will continue to apply unless you choose to change. In fact, the same is true of the very strict SPS measures for products such as Australian pork. Without hormones The beef sector with new access to the UK market.

The tricky issue is forcing foreign agricultural exporters to meet broader animal welfare or environmental standards.Manufacturing process and method“. The standards here are difficult to justify under WTO rules as they are vulnerable to abuse of protective trade principles, but by writing them into bilateral or regional trade agreements, higher welfare or more of sustainability We may offer lower prices on prospective products. There are precedents here. Switzerland has a trade agreement with Indonesia, prioritizing palm oil. Certified sustainable: The EU project with the Mercosur block in South America does the same for eggs laid by Brazilian hens benefiting from welfare at European level. Administratively, this is a bit boring, but it is not impossible, as exporters have to separate different lots of the same product under a single tariff classification.

So are Australian exporters up to UK standards, leveling the competition and all is well? Hmm. It is not clear if there will be much leveling. Show UK consumers a photo of a sprawling Australian feedlot under the blazing sun. It looks quite difficult compared to the fairy-tale images of the happy Mukau children mowing the grass on a farm in Cheshire. But try to write a deal that places high standards on imports. I don’t know how that makes a big difference.

British and Australian officials have stressed that Australian agriculture is not an area of ​​illegal atrocities. Last report On Australian agriculture, he said animal welfare standards were not well regulated (set at state level rather than national level), but veterinary standards were generally high.

Most of the different standards will not make any difference in preferential trade with Great Britain. Australia usually has looser rules for transporting live animals, but they never send live animals to the UK anyway. Most Australian states allow pig farmers to use ‘sow stalls’ which keep pregnant sows in small pens, but sell pork in the UK even at zero tariffs. Will not be competitive enough. In Australia, there is a widely criticized practice called “mulesing”. It cuts a patch of skin on the backs of sheep to prevent parasites, but is almost exclusively used by Merino sheep raised for wool. Zero tariffMany Australian politicians Maintain forest cover With Climate science, But it is not directly related to a particular export.

British farm lobbies have complained that such practices have helped Australian agriculture become a globally competitive superpower with no particular reduction in the costs of exporting to the UK. I go. However, Nick von Westenholtz, director of trade and trade strategy for the UK National Farmers Union, admits: “Australian farming can be based on very different values ​​than most UK farms when it comes to farming. ‘it’s about issues like animal welfare and the environment, but it’s not easy to turn around. It is embodied in a specific set of standards that the UK may require in return for extensive market access. ”

There are pitfalls: As many have pointed out, Australia is a mid-sized country halfway around the world, but their cows Not small, but far – Trading can set an important precedent. If the UK wants to follow different tariff paths on imports of higher standards, it may find itself in a series of difficult conversations about what exactly those standards mean. American agricultural lobby If a UK-US trade deal comes up.

If not a British peasant, Britain may have found a way to sell Australian deals to the skeptical masses. However, there may be more difficult conversations in the future. It’s a show with more action going on.

Chartered waters

Chad Bown of the Peterson Institute for International Economics did an excellent job of determining whether the Phase 1 deal Washington had with Beijing during the Trump era met expectations. The main expectation is that China has agreed to increase the purchase of certain US goods and services from the 2017 level of $ 200 billion between January 1, 2020 and December 31, 2021. ..

In 2020, US exports to China were modest and trade inadequate. 58 percent Where they should have been. Of course, there was a somewhat compelling excuse for the pandemic that closed factories around the world in the spring.

So what’s going on with this year’s trade now that exports are back on track? Not good.

According to the chart, US exports to China that are the subject of this transaction are only 60% of what they should be. If global trade is booming but they are still in short supply, we are certainly very skeptical that they will meet their targets by the end of the year. Claire Jones

Commercial link

Relationship between Brussels and Bern I am on a rock. The EU is trying to convince Switzerland to subscribe to a comprehensive framework that will replace the patchwork of existing agreements. Negotiations are blocked.Europe Express I am going to explain Why.

Details Tariffs on steel and aluminum, This time as a courtesy UK governmentThis determines whether to refine (and possibly reduce) retaliatory tariffs on US products inherited from the EU.

You’re herePique Shortage of semiconductor chips,to have Mentionned Not only pay for the stock in advance, but also buy your own foundry. Before the supply was tight, we were able to buy chips at the last minute, in line with just-in-time supply chain technology common in the automotive industry.

Game console manufacturer Nikkei reports Sony as follows, which is a bit better say it ($, subscription required) We aim to produce at least 22.6 million PlayStation 5s next year, surpassing the 1998 record for console sales. Global demand for their machines increased during the blockade.

waiting, Russia is Rise in power (Nikkei, $) Export of air defense systems To a neighbor in Central Asia as the United States prepares to withdraw its troops from Afghanistan.

Bloomberg Call ($) United States participates Comprehensive and progressive agreement on the trans-Pacific partnership To combat Beijing’s rise to power in the region, we can see the discussion, but (as we wrote) HereWe do not expect the United States to join the CPTPP anytime soon. Alan Beatty and Claire Jones

Recommended newsletter for you

Europe Express – Your essential guide to what matters in Europe today. Here

#fintechFT – Up-to-date information on the most pressing issues in the field of technology. Here

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