Tag: Trade deal

Business

India-Australia trade deal to make big difference through closer economic cooperation: High Commissioner O’ Farrell

February 16, 2023

New Delhi: The India-Australia trade deal would make a "big difference" through closer economic cooperation between the nations, Australian High ...

China renews war threats as Taiwan launches its military exercises Beijing: China Thursday renewed its threat to attack Taiwan following almost a week of war games near the island. Taiwan has called Beijing's claims to the self-governing democracy “wishful thinking" and launched its own military exercises. Taiwan's “collusion with external forces to seek independence and provocation will only accelerate their own demise and push Taiwan into the abyss of disaster,” Chinese Foreign Ministry spokesperson Wang Wenbin said at a daily briefing. “Their pursuit of Taiwan independence will never succeed, and any attempt to sell the national interest will be met with a complete failure," Wang told reporters. China's attempt to intimidate the Taiwanese public and advertise its strategy for blockading and potentially invading the island was nominally prompted by a visit to Taipei last week by US House Speaker Nancy Pelosi. The US, Japan and allies have denounced the exercises, with the Group of Seven industrialised nations issuing a statement at a recent meeting expressing its concern. On Wednesday, Britain's government summoned Chinese Ambassador Zheng Zeguang to the Foreign Office to demand an explanation of "Beijing's aggressive and wide-ranging escalation against Taiwan”. Taiwan says Beijing used Pelosi's visit as a pretext to raise the stakes in its feud with Taipei, firing missiles into the Taiwan Strait and over the island into the Pacific Ocean. China also sent planes and ships across the midline in the strait that has long been a buffer between the sides, which separated amid civil war in 1949. In a lengthy policy statement on Taiwan issued Wednesday, China distorted the historical record, including the United Nations' 1972 resolution that transferred the China seat on the Security Council from Beijing to Taipei, Taiwan's Cabinet-level Mainland Affairs Council said. The Chinese statement also discarded a pledge not to send troops or government officials to Taiwan that was contained in previous statements. The UN resolution makes no mention of Taiwan's status, although China regards it as a foundational document proclaiming the Communist Party's right to control over the island. The Taiwanese council's statement said China was orchestrating its moves against Taiwan ahead of the ruling Communist Party's 20th National Congress to be held later this year. President and party leader Xi Jinping is expected to receive a third five-year term at the conclave, after leading a relentless crackdown on political figures accused of corruption, human rights activists and civil society groups. Xi's suppression of free speech and political opposition in Hong Kong was also seen as a factor behind Taiwan's President Tsai Ing-wen winning a second term in 2020. China says it plans to annex Taiwan under the now widely discredited “one country, two systems" format applied in Hong Kong. The concept has been thoroughly rejected in Taiwanese public opinion polls in which respondents have overwhelmingly favoured the status-quo of de-facto independence. The Chinese statement is “full of wishful thinking, and ignores the facts," the Mainland Affairs Council said in its press release. The “crude and clumsy political operations by the Beijing authorities further highlight its arrogant thinking pattern of attempting to use force to invade and destroy the Taiwan Strait and regional peace," the release said. “The authorities in Beijing deceive themselves. We warn the Beijing authorities to immediately stop threatening Taiwan with force and spreading false information," it said. Taiwan placed its military under high alert during the Chinese drills but took no direct countermeasures. It held artillery drills off its southwestern coast facing China that ran through Thursday, illustrating the challenges the People's Liberation Army would face were it to launch an invasion across the strait. AP China, Taiwan

Business

US to hold trade talks with Taiwan, island drills military

August 18, 2022

Hualien (Taiwan): The US Government Thursday announced trade talks with Taiwan in a sign of support for the island democracy ...

Feature

Australian Prime Minister Scott Morrison cooks ‘khichdi’ to celebrate trade deal with India

April 10, 2022

Canberra: To celebrate the new trade deal with India, Australian Prime Minister Scott Morrison Saturday took to Instagram to post ...

British PM Rishi Sunak committed to FTA with India, says Downing Street

Business

Trade deal in mind, UK mulls offering cheaper, easier visas to Indians

January 2, 2022

London: The UK is planning to relax immigration rules by offering cheaper and easier visas for Indian tourists, students and ...

Business

EU, UK unveil vast trade pact set to enter force January 1

December 26, 2020

Brussels: The European Union and the United Kingdom made public Saturday the vast agreement that is likely to govern future ...

Business

What now for British economy with UK-EU trade deal reached?

December 25, 2020

London: The last-minute trade deal between the UK and the European Union means businesses will be spared new tariffs and ...

The flags of Britain (R) and the European Union flutter in front of the Chancellery in Berlin (AFP)

International

EU Parliament issues 3-day ultimatum for post-Brexit deal

December 17, 2020

Brussels: The European Parliament has issued a three-day ultimatum to Brexit negotiators to strike a trade deal, warning that MEPs ...

Business

EU, UK set deadline for post-Brexit trade deal

December 10, 2020

London: The European Union (EU) and Britain will come to a decision on a post-Brexit trade deal by the end ...

National

Illegal coal trade: CBI raids 45 places in four states

November 28, 2020

New Delhi: The CBI Saturday started a massive search operation at 45 locations across four states after registering a case ...

Business

China, 14 Asian nations sign world’s biggest trade deal, India withdrew last year

November 15, 2020

New Delhi: China and 14 other Asian countries have agreed to form the worlds largest free trade bloc with nearly a ...

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Editorial

DOGE

November 20, 2024

It goes to the credit of Indian voters that they could realise absolute power has chances to turn a single...

November 19, 2024

In what can be seen as an ominous development for India, a cargo ship from Pakistan recently docked at the...

November 18, 2024

Sri Lanka is in the grip of a political tsunami with the coalition of National People’s Power (NPP), led by...

November 17, 2024

If I have a dispute with you, I can solve it in one of three ways. One is by talking...

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