Archive for ‘sign’

29/02/2020

Afghan conflict: US and Taliban sign deal to end 18-year war

US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad and Taliban co-founder Mullah Abdul Ghani Baradar shake hands after signing a peace agreementImage copyright AFP
Image caption US envoy Zalmay Khalilzad and the Taliban’s Mullah Abdul Ghani Baradar shook hands on the deal

The US and the Taliban have signed an agreement aimed at paving the way towards peace in Afghanistan after more than 18 years of conflict.

The US and its Nato allies have agreed to withdraw all their troops from the country within 14 months if the militants uphold the deal.

US Secretary of State Mike Pompeo and Taliban leaders attended the signing ceremony in Doha in Qatar.

Talks between the Afghan government and the Taliban are due to follow.

Under the agreement signed in Doha, the militants also agreed not to allow al-Qaeda or any other extremist group to operate in the areas they control.

The US invaded Afghanistan weeks after the September 2001 attacks in New York by the Afghanistan-based al-Qaeda group.

More than 2,400 US troops have been killed during the conflict. About 12,000 are still stationed in the country. President Trump has promised to put an end to the conflict.

What happened in Doha?

The deal was signed by US special envoy Zalmay Khalilzad and Taliban political chief Mullah Abdul Ghani Baradar with Mr Pompeo as a witness.

In a speech, Mr Pompeo urged the militant group to “keep your promises to cut ties with al-Qaeda”.

Meanwhile US Defence Secretary Mark Esper was in the Afghan capital Kabul alongside Afghanistan’s President Ashraf Ghani – whose government did not take part in the US-Taliban talks.

Mr Esper said: “This is a hopeful moment, but it is only the beginning. The road ahead will not be easy. Achieving lasting peace in Afghanistan will require patience and compromise among all parties.” He said the US would continue to support the Afghan government.

What’s in the agreement?

Within the first 135 days of the deal the US will reduce its forces in Afghanistan to 8,600, with allies also drawing down their forces proportionately.

The move would allow US President Donald Trump to show that he has brought troops home ahead of the US presidential election in November.

The deal also provides for a prisoner swap. Some 5,000 Taliban prisoners and 1,000 Afghan security force prisoners would be exchanged by 10 March, when talks between the Taliban and the Afghan government are due to start.

The US will also lift sanctions against the Taliban and work with the UN to lift its separate sanctions against the group.

Presentational grey line

Landmark deal rife with uncertainties

Analysis box by Lyse Doucet, chief international correspondent

This historic deal has been years in the making, as all sides kept seeking advantage on the battlefield.

The agreement is born of America’s determination to bring troops home and a recognition, at least by some Taliban, that talks are the best route to return to Kabul.

It’s a significant step forward, despite deep uncertainty and scepticism over where it will lead. When the only alternative is unending war, many Afghans seem ready to take this risk for peace.

Taliban leaders say they’ve changed since their harsh rule of the 1990s still seared in the memory of many, and most of all Afghan women.

This process will test the Taliban, but also veteran Afghan leaders of the past, and a new generation which has come of age in the last two decades and is hoping against hope for a different future.

Presentational grey line

How did US-Taliban talks come about?

Since 2011, Qatar has hosted Taliban leaders who have moved there to discuss peace in Afghanistan. It has been a chequered process. A Taliban office was opened in 2013, and closed the same year amid rows over flags. Other attempts at talks stalled.

In December 2018, the militants announced they would meet US officials to try to find a “roadmap to peace”. But the hard-line Islamist group continued to refuse to hold official talks with the Afghan government, whom they dismissed as American “puppets”.

Media caption The view from Lashkar Gah province on whether peace with the Taliban is possible

Following nine rounds of US-Taliban talks in Qatar, the two sides seemed close to an agreement.

Washington’s top negotiator announced last September that the US would withdraw 5,400 troops from Afghanistan within 20 weeks as part of a deal agreed “in principle” with Taliban militants.

Days later, Mr Trump said the talks were “dead”, after the group killed a US soldier. But within weeks the two sides resumed discussions behind the scenes.

A week ago the Taliban agreed to a “reduction of violence” – although Afghan officials say at least 22 soldiers and 14 civilians have been killed in Taliban attacks over that period.

Media caption Meet Fatima and Fiza, some of the women removing landmines in Afghanistan

What’s the background to the Afghan war?

It began when the US launched air strikes one month following the 11 September 2001 attacks and after the Taliban had refused to hand over the man behind them, Osama bin Laden.

Media caption Tens of thousands of Afghan soldiers have been killed and injured. This is their story

The US was joined by an international coalition and the Taliban were quickly removed from power. However, they turned into an insurgent force and continued deadly attacks, destabilising subsequent Afghan governments.

The international coalition ended its combat mission in 2014, staying only to train Afghan forces. But the US continued its own, scaled-back combat operation, including air strikes.

The Taliban has however continued to gain momentum and last year the BBC found they were active across 70% of Afghanistan.

Media caption Zan TV presenter Ogai Wardak: “If the Taliban come, I will fight them”

Nearly 3,500 members of the international coalition forces have died in Afghanistan since the 2001 invasion.

The figures for Afghan civilians, militants and government forces are more difficult to quantify. In a February 2019 report, the UN said that more than 32,000 civilians had died. The Watson Institute at Brown University says 58,000 security personnel and 42,000 opposition combatants have been killed.

Why has the war lasted so long?

There are many reasons for this. But they include a combination of fierce Taliban resistance, the limitations of Afghan forces and governance, and other countries’ reluctance to keep their troops for longer in Afghanistan.

At times over the past 18 years, the Taliban have been on the back foot. In late 2009, US President Barack Obama announced a troop “surge” that saw the number of American soldiers in Afghanistan top 100,000.

Media caption The BBC was given exclusive access to spend a week with ambulance workers in Afghanistan.

The surge helped drive the Taliban out of parts of southern Afghanistan, but it was never destined to last for years.

The BBC World Service’s Dawood Azami says there are five main reasons the war is still going on now. They include:

  • a lack of political clarity since the invasion began, and questions about the effectiveness of the US strategy over the past 18 years
  • the fact each side is trying to break what has become a stalemate – and that the Taliban have been trying maximise their leverage during peace negotiations
  • an increase in violence by Islamic State militants in Afghanistan – they’ve been behind some of the bloodiest attacks recently

There’s also the role played by Afghanistan’s neighbour, Pakistan.

Source: The BBC

26/01/2020

India, Brazil sign 15 accords to deepen ties across range of sectors

(Reuters) – India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defence, both countries’ leaders tweeted on Saturday.

Indian Prime Minister Narendra Modi and Brazilian President Jair Bolsonaro took to social media to hail the closer cooperation and agreements struck during Bolsonaro’s official visit to India.

“Several agreements signed in ​​infrastructure, justice, science and technology, agriculture, oil exploration, mining, health, culture and tourism,” Bolsonaro tweeted, adding: “The world’s confidence in Brazil is back!”

For his part, Modi tweeted: “India and Brazil are focussing on expanding cooperation in the defence sector,” adding that the two countries share “immense synergies” on several key issues such as the environment and fighting terrorism.

Separately, Brazil’s foreign minister Ernesto Araujo tweeted that the 15 accords signed by the two countries represent a move “against the structures of globalist thought”.

“Brazil is rising to be a great among the greats,” he tweeted.

Source: Reuters

09/12/2019

China, Japan sign cooperation deals on energy saving, environmental protection

JAPAN-TOKYO-ENERGY SAVING-ENVIRONMENTAL PROTECTION-FORUM

Attendants from China and Japan exchange documents of cooperation projects at the 13th China-Japan Comprehensive Forum on Energy Saving and Environmental Protection in Tokyo, Japan, Dec. 8, 2019. Officials, entrepreneurs, experts and scholars from China and Japan discussed cooperation and inked agreements on 26 cooperation projects at the 13th China-Japan Comprehensive Forum on Energy Saving and Environmental Protection here on Sunday. (Xinhua/Du Xiaoyi)

TOKYO, Dec. 8 (Xinhua) — Officials, entrepreneurs, experts and scholars from China and Japan discussed cooperation and inked agreements on 26 cooperation projects at the 13th China-Japan Comprehensive Forum on Energy Saving and Environmental Protection here on Sunday.

Some 800 people attended the forum co-organized by the National Development and Reform Commission, Ministry of Commerce, Chinese embassy in Japan, and Japan’s Ministry of Economy, Trade and Industry, and the Japan-China Economic Association.

Deputy Director of the National Development and Reform Commission Zhang Yong briefed the attendants about China’s achievements in recent years in energy saving, emission reduction and development of environment-friendly industries.

Noting that this year marks the 70th anniversary of the founding of the People’s Republic of China, Zhang said China will continue to open up to the outside world at a higher level and improve the quality of the ecological environment at a new historical starting point.

He urged Japanese enterprises and institutions to take an active part in China’s energy conservation and environmental protection and work together to promote green and sustainable development.

China and Japan should strengthen policy communication and coordination, deepen bilateral practical cooperation, jointly explore the international market and boost people-to-people exchanges and cooperation, so as to deepen cooperation in energy conservation and environmental protection, he added.

Attendants held discussions on energy saving, circular economy, development of intelligent vehicle and new energy vehicle, clean coal technology and coal-fired power generation, as well as China-Japan long-term trade.

The two sides inked 26 cooperation projects in various areas, including energy saving, circular economy, pollution prevention and control, hydrogen energy and green technology innovation.

The China-Japan Comprehensive Forum on Energy Saving and Environmental Protection, first held in 2006, has seen agreement achieved on a total of nearly 400 cooperation projects and provides a good platform for enterprises, research organizations and local governments of the two countries to enhance cooperation.

Source: Xinhua

25/11/2019

A rundown Beijing home with standing-room only space sells for record, in a sign of desperation for hukou in the Chinese capital

  • Unit 121 on Lanman Hutong, about 10 minutes’ drive from Tiananmen Square and the Forbidden City, changed hands last month for 1.28 million yuan
  • The new owner bought a 5.6-square metre (72 square feet) cubicle covered in bathroom tiles large enough to fit a bunk bed, with standing room only
A view of the 5.6 square metre cubicle-size home in Beijing on 15 November 2019. The home sold for 1.28 million yuan at auction. Photo: Louise Moon
A view of the 5.6 square metre cubicle-size home in Beijing on 15 November 2019. The home sold for 1.28 million yuan at auction. Photo: Louise Moon

A subdivided home in a run-down alley in Beijing recently sold for a record price at auction, as eager buyers piled in to get hold of its much sought-after address to gain access to some of the Chinese capital’s best schools.

A subdivided unit at No. 121 Lanman Hutong, about 10 minutes’ drive from Tiananmen Square and the Forbidden City, changed hands on November 11 for 1.28 million yuan (US$182,400) after 136 rounds of furious bidding during an auction in Beijing.

For 230,000 yuan per square metre (HK$23,850 per square foot), the new owner bought a 5.6-square metre (72 square feet) cubicle covered in bathroom tiles large enough to fit a bunk bed, with standing room only. That’s smaller than even Hong Kong’s notorious micro-apartments – also known derisively as shoebox flats or nano flats – which average about 200 square feet. A standard car parking space measures 126 square feet.

What the dilapidated space does have is an address that entitles its owner to a hukou, the household registration that is the prerequisite for access to schools, homes, civil service jobs, public health care and almost every aspect of daily life in the Chinese capital.
The alley on which No. 121 Lanman Hutong sits in Beijing on 15 November 2019. Photo: Louise Moon
The alley on which No. 121 Lanman Hutong sits in Beijing on 15 November 2019. Photo: Louise Moon
Lanman Hutong, or the Alley of the Brilliant Drapes, sits in Xicheng district, a chequerboard neighbourhood criss-crossed with hundreds of alleyways that boasts three of the five highest-ranked schools in the city.
According to Beijing’s real estate regulations, one square metre entitles the owner a hukou. That fuelled the rush by parents to buy property in the area to qualify for sending their children to such eminent schools as the Beijing No. 4 High School, whose alumni include former Chongqing Commissar Bo Xilai, former China Development Bank president Chen Yuan and Citic’s chairman Kong Dan. Most of these bolt holes are now unoccupied after they have served their purposes, local residents said.
Lanman Hutong, or the Alley of the Brilliant Drapes, in the Xicheng district of Beijing, about 10 minutes drive from the Tiananmen Square and the Forbidden City, on 15 November 2019. Photo: Louise Moon
Lanman Hutong, or the Alley of the Brilliant Drapes, in the Xicheng district of Beijing, about 10 minutes drive from the Tiananmen Square and the Forbidden City, on 15 November 2019. Photo: Louise Moon

The auction result offers a peek into the growing speculative bubble in Beijing’s property market, a development that has defied more than two years of policymakers’ attempts to control. The average price of newly built homes rose 4.3 per cent in October to 60,894 yuan per square metre in Beijing, according to China’s statistics bureau data and Lianjia, a major real estate broker.

“Beijing’s homes have always been expensive, [particularly so] in Xicheng, where only the ultra-wealthy can afford to stay,” said Midland Beijing’s analyst Zhao Jia. “A million yuan is not expensive at all, to find space that close to the Forbidden City.”

Beijing’s average home price is equivalent to 24.9 years of the city’s median net income, excluding expenditures, according to data by E-House China Research and Development Institution. Hong Kong, the world’s most expensive urban centre to live and work in, requires 21 years of average income to affordable the average abode, according to the Demographia International Housing Affordability Study, as the city also boasts of a higher income and lower tax rate.

A tiny alleyway leading to No. 121 Lanman Hutong, which sold earlier this week for 1.28 million yuan in Beijing. Photo: Louise Moon
A tiny alleyway leading to No. 121 Lanman Hutong, which sold earlier this week for 1.28 million yuan in Beijing. Photo: Louise Moon
“It is not that easy for the average person to own property in Beijing,” said Midland’s Zhao. “For most homes in the city, 1 million yuan is only enough for a down payment.”

Unit 121 on Lanman Hutong is located among a cluster of siheyuan, as Beijing’s traditional courtyard homes are called. Bicycles, old washing machines and other household junk are piled along the maze of alleyways leading to the ground-floor unit.

Its auction drew 29 bidders starting from 470,000 yuan. The final winning bid prices the Lanman cubicle 35 per cent higher than a 100-million yuan villa with view of the Summer Palace in Beijing’s outskirts, on a per square foot basis.

To be sure, the unidentified buyer of the unit may be speculating for a quick flip, when the property is torn down, said Zhang Dawei, an analyst at Centaline Property Agency.

“This is more like a gamble, betting on the unit being demolished,” Zhang said. “If the odds are good, the buyer can pocket the [compensation], which could be several times what he bought it for. Even if it is not demolished in the short term, it is not bad to have some asset in the heart of Beijing.”

Source: SCMP

02/11/2019

Germany, India sign wide-ranging agreements to deepen bilateral ties

NEW DELHI (Reuters) – German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi signed wide-ranging agreements in New Delhi on Friday to deepen strategic cooperation and exchanged notes on ways to boost bilateral trade.

Merkel, accompanied by several cabinet colleagues and a business delegation, is in India on a three-day visit that began on Thursday.

“We’re encouraging our private sectors to give an impetus to our growing bilateral trade and Chancellor Merkel and I will meet some of the top business and industry leaders,” Modi told a joint news conference with the German leader.

“We’re encouraging our private sectors to give an impetus to our growing bilateral trade and Chancellor Merkel and I will meet some of the top business and industry leaders,” Modi said.

Bilateral trade between the two countries rose to $24.06 billion (18.5 billion pounds) in the 2018/19 fiscal year ending in March from $22 billion the previous year, while German companies have invested nearly $12 billion in India since 2000.

Germany is India’s largest trading partner in Europe and more than 1,700 German companies are operating in India.

The agreements struck on strategic cooperation, included agriculture, cyber security and artificial intelligence. Modi said the two countries would also bolster ties to combat “terrorism and extremism”.

Germany and India also agreed to join hands in the area of education.

“As many as 20,000 Indian nationals are studying in Germany and we would like to see more,” Merkel said.

Although Merkel and Modi didn’t mention anything about restarting talks on finalising a free trade agreement between India and the European Union, sources earlier said the two leaders could take up the trade deal.

Eric Schweitzer, president of the Association of German Chambers of Commerce and Industry (DIHK), earlier said India had enormous potential but there has been uncertainty among companies after an investment protection agreement between the two countries ended in 2016.

“Small and medium-sized German companies stand in a labyrinth of regulations and shy away from larger investment. Negotiations should restart and Merkel’s visit could help,” he said.

VDA, Germany’s car industry association that counts automakers like Volkswagen (VOWG_p.DE), Daimler, BMW and Audi as members, also wanted India to restart the FTA talks.

Daimler’s Mercedes-Benz, BMW and Audi dominate India’s luxury car market.

Source: Reuters

29/10/2019

Donald Trump, Xi Jinping set for November 17 meeting in Chile to sign interim trade war deal: source

  • Chinese President Xi Jinping and US President Donald Trump set to meet on the sidelines of the Apec summit in Chile next month, a source says
  • The two state leaders are expected to sign an interim trade deal ‘if everything goes smoothly’
Chinese President Xi Jinping and US President Donald Trump have met twice already over the course of the 16-month trade war. Photo: AP
Chinese President Xi Jinping and US President Donald Trump have met twice already over the course of the 16-month trade war. Photo: AP

Chinese President Xi Jinping and US President Donald Trump are tentatively expected to meet on November 17 with the aim of signing an interim trade deal, a source briefed on the arrangements told the South China Morning Post.

The two leaders are expected to come face-to-face immediately after the Asia-Pacific Economic Cooperation (Apec) summit in Santiago, Chile, with a trade truce signed “if everything goes smoothly”, said the person, who declined to be identified.

Trade envoys from Beijing and Washington are still finalising the text for the two leaders to sign, but both sides have expressed optimism that Trump’s so-called phase one trade deal can be completed in time for the meeting.

Trump said on Monday that negotiations on the interim deal were running “ahead of schedule”.

“We are looking probably to be ahead of schedule to sign a very big portion of the China deal, and we’ll call it phase one but it’s a very big portion,” Trump said. “That would take care of the farmers. It would take care of some of the other things. It will also take care of a lot of the banking needs.

“So we’re about, I would say, a little bit ahead of schedule, maybe a lot ahead of schedule,” the president said, adding the deal would “probably” be signed.

Top trade negotiators for the two countries – US Treasury Secretary Steven Mnuchin, US trade representative Robert Lighthizer and Chinese Vice-Premier Liu He – spoke by telephone last Friday. The Office of the US Trade Representative released a statement after the call saying that the two sides “made headway on specific issues” and “are close to finalising some sections of the agreement”.

China’s official Xinhua News Agency said on Saturday negotiators have “agreed to properly resolve core concerns of each other” and had “basically completed technical discussions about parts of the text”. In particular, China would lift the current ban on US poultry imports and recognise the American public health certification system for meat product imports, Xinhua said.

The top trade envoys are expected to hold another conference call in the near future.

China's Vice-Premier Liu He between US trade representative Robert Lighthizer (left) and US Treasury Secretary Steve Mnuchin during trade negotiations in Washington this month. Photo: Reuters
China’s Vice-Premier Liu He between US trade representative Robert Lighthizer (left) and US Treasury Secretary Steve Mnuchin during trade negotiations in Washington this month. Photo: Reuters

Taoran Notes, an account on Chinese social media platform WeChat run by the official Economic Daily newspaper, wrote over the weekend that Beijing and Washington had moved a step closer to agreement on a “temporary deal”.

“According to past experiences and practises, the negotiation will enter the stage of translation and legal review after the technical completion of the text,” the account said.

Geng Shuang, a Chinese foreign ministry spokesman, said that technical negotiations about part of the deal were finished but deputy-level talks were ongoing. “China hopes both sides can find a trade solution based upon mutual respect and benefits,” Geng said at a regular press conference on Tuesday.

If it goes ahead as planned, the summit between Trump and Xi in Chile next month would be the third time the two leaders have sat down to talk about ending the nearly 16-month-long trade war.

Last December, the two leaders met on the sidelines of the G20 Leaders’ Summit in the Argentinian capital Buenos Aires and agreed to a three-month tariff truce to allow time for the countries’ trade envoys to work out a comprehensive deal. But the talks collapsed in early May with the US blaming China for reneging on promises it made in negotiations, while China blamed the US for attempting to infringe on its economic sovereignty.

The pair met again in late June in the Japanese city of Osaka, where they agreed to restart trade negotiations.

A minor ceasefire was reached in October when Beijing promised to buy US$40 billion to US$50 billion worth of American agricultural products in exchange for Washington postponing indefinitely a tariff increase on US$250 billion of Chinese goods to 30 per cent from 25 per cent on October 15.

Analysts expect fresh 15 per cent duties on about US$160 billion of Chinese imports – including popular products like smartphones and consumer electronics – that are due to go into effect mid-December will also be postponed if a deal is signed, though this has not been officially confirmed.

The interim deal is also expected to contain a provision on intellectual property protection, a key US demand. China has taken steps to improve IP protection, including setting up a system to punish and compensate instances of infringement, and improve settlement disputes. But how well these measures will be implemented remains in question.

China and the US would also agree to avoid allowing currency devaluations to gain trade advantages, codifying a commitment both countries made as part of a G20 agreement several years ago. A currency agreement – similar to provisions in the yet-to-be-ratified US-Mexico-Canada Agreement – could pave the way for the US to remove its designation of China as a “currency manipulator”.

The deal may include a new dispute resolution mechanism to ensure both sides live up to commitments. The system, which will give both sides equal standing, would replace a contentious US-proposed enforcement mechanism that was a key reason for trade talks breaking down in May after China felt the demands too intrusive and one-sided. It is unclear how effective the proposal would be, but the US has insisted since talks began that a similar mechanism be implemented to ensure China did not backslide on promises as it had in the past.

In addition to large purchases of farm products, the interim agreement may contain commitments by China to buy US-built aircraft and energy products, particularly liquefied natural gas.

China will also agree to lift foreign ownership limits on Chinese financial firms under the deal, changes which are already underway.

However, the interim deal will not address broader US complaints about China’s economic model, particularly allegations that foreign firms are treated unfairly and heavy government subsidies favour some domestic industries. Nor will it contain any break for telecommunications equipment maker Huawei and other Chinese tech companies that were blacklisted by the US on national security concerns.

Source: SCMP

22/10/2019

India, Pakistan set to sign pilgrim corridor pact amid Kashmir tension

NEW DELHI (Reuters) – India and Pakistan are set to sign an agreement on Indian pilgrims visiting a Sikh shrine in Pakistan, rare cooperation between the nuclear-armed neighbours at a time of tension that has brought exchanges of fire on their disputed border.

The pact will introduce visa-free access from India to the Pakistani town of Kartarpur, home to a temple that marks the site where the founder of Sikhism, Guru Nanak, died.

India’s foreign ministry said in a statement late on Monday an understanding had been reached on most issues and India was prepared to sign the agreement on Wednesday.

Pakistani officials were not immediately available for comment but Pakistan’s Dawn newspaper cited a foreign ministry spokesman as saying agreement had been reached and the two sides would sign the pact soon.

The Sikh minority in India has long sought easier access to the temple in Kartarpur, which is just over the border in Muslim-majority Pakistan.

The collaboration comes at a time of tension between the rivals, with Pakistan particularly aggrieved over recent Indian government measures in its part of the divided Muslim-majority region of Kashmir.

Both countries claim the Himalayan region in full but rule it in part.

India in August revoked special autonomy in Indian-controlled Kashmir, which was accompanied by a crackdown on dissent by India’s security forces there, angering Pakistan.

The dispute over Kashmir has bedevilled relations since their independence in 1947 and sparked two of their three wars.

India said on Sunday two soldiers and a civilian were killed in cross-border shelling in Kashmir while Pakistan said one of its soldiers and three civilians had been killed.

In February, they came close to war following a suicide bombing in Indian Kashmir that killed 40 paramilitary soldiers. In response, India launched an air strike on the Pakistani side and Pakistan shot down an Indian aircraft.

The new crossing will be inaugurated in early November, just before the 550th birthday of Sikhism’s founder on Nov. 12, officials from both sides have said.

The shrine is about 4 km (2-1/2 miles) from the border. The crossing and corridor, including a road, bridge over the Ravi River and immigration office, will replace a drawn-out visa process and circuitous journey through Pakistan.

But there is still disagreement over a $20 fee that Pakistan wants to charge each visitor.

India “has consistently urged Pakistan that in deference to the wishes of the pilgrims, it should not levy such a fee”, India’s foreign ministry said.

Source: Reuters

18/10/2019

China, Mauritius sign free trade agreement

BEIJING, Oct. 17 (Xinhua) — China and Mauritius signed a free trade agreement (FTA) here Thursday, the first FTA between China and an African country, according to the Ministry of Commerce (MOC).

The China-Mauritius FTA is the 17th FTA signed by China.

The agreement covers trade in goods and services and investment and economic cooperation.

The FTA will not only provide a more powerful institutional guarantee to deepen bilateral economic and trade relations, but also boost China-Africa economic and trade cooperation, according to the MOC.

Negotiations on the China-Mauritius FTA were officially launched in December 2017. The two sides formally concluded the negotiations on Sept. 2, 2018, after four rounds of intensive negotiations.

In the area of trade in goods, China and Mauritius will eventually achieve zero tariffs on 96.3 percent and 94.2 percent of product tariff items, respectively, involving 92.8 percent of import volume for both countries from each other.

For the remaining tariff items of Mauritius, the tariffs will also be greatly cut, and the maximum tariffs for most of the involved products will not exceed 15 percent.

China’s main exports to Mauritius, such as iron and steel products, textiles and other light industrial products, will benefit from it.

Special sugar produced in Mauritius will also enter the Chinese market gradually.

The two sides also agreed on rules of origin, trade remedies, technical barriers to trade and sanitary and phytosanitary issues.

In the area of trade in services, China and Mauritius both promised to open up more than 100 sub-sectors.

Mauritius will open up more than 130 sub-sectors in important service fields such as communications, education, finance, tourism, culture, transportation and traditional Chinese medicine to China.

This is the highest level of opening up in the field of services in Mauritius so far.

In the field of investment, the agreement has been greatly upgraded from the 1996 China-Mauritius bilateral investment protection agreement in terms of protection scope, protection level and dispute settlement mechanism.

This is the first time that China has upgraded the previous investment protection agreement with an African country, which will not only provide stronger protection for Chinese enterprises to go to Mauritius, but also help them further boost investment cooperation in Africa through the platform of Mauritius, according to the MOC.

Meanwhile, the two sides also agreed to further deepen economic and technical cooperation in agriculture, finance, medical care, tourism and other fields.

The two sides will undergo respective domestic procedures for the agreement to take effect.

Source: Xinhua

07/08/2019

China, US sign UN protocol on mediation despite ongoing trade dispute

  • 46 countries agree protocol aimed at using mediation instead of legal action
  • Singapore set to capitalise on the naming of the convention, at Hong Kong’s expense
Singapore Prime Minister Lee Hsien Loong attends the signing ceremony of the Singapore Convention on Mediation. Photo: Handout
Singapore Prime Minister Lee Hsien Loong attends the signing ceremony of the Singapore Convention on Mediation. Photo: Handout
China and the United States have briefly put aside their escalating trade war and joined 44 other countries in signing a new global protocol on mediation aimed at settling cross-border trade and commercial disputes.
The Singapore Convention, under the United Nations framework, will allow mediation agreements to be recognised and enforced in the courts of all 46 signatories, which include South Korea and India. European Union nations are expected to sign in the next phase.
It was agreed against a backdrop of ongoing tensions between China and the US over tariffs and currency manipulation, and a trade dispute between South Korea and Japan
.
Singapore Prime Minister Lee Hsien Loong addresses delegates at the Singapore Convention on Mediation event. Photo: Handout
Singapore Prime Minister Lee Hsien Loong addresses delegates at the Singapore Convention on Mediation event. Photo: Handout

Speaking at the signing ceremony, Singapore Prime Minister Lee Hsien Loong said the protocol demonstrated that countries are capable of achieving consensus through effort and creativity, and are open to binding commitments.

He also observed that the established world order of multilateralism is “under pressure”.

“Existing multilateral institutions are not perfect, many are in need of urgent reform, suffer from a loss of confidence, or have practices and structures that are no longer fit for purpose,” Lee said, without elaborating which bodies he was referring to.

He added that the solution would not be to abandon these bodies, but to improve them through reform and bringing them up to date.
“We must make sure they reflect current economic and political realities, and ready them to deal with the new issues created by the progress of technology and globalisation.”

Stephen Mathias, the UN’s assistant secretary-general for legal affairs, said the agreement helped unify mediation rules and remove uncertainty in enforcing mediation agreements.

Delegates attend the signing ceremony of the Singapore Convention. Photo: Handout
Delegates attend the signing ceremony of the Singapore Convention. Photo: Handout

The protocol contains standardised terms to apply mediation agreements across jurisdictions, and is expected to bolster the use of mediation rather than legal action to resolve trade disputes.

This rare example of international cooperation can be likened to the New York Convention on arbitration, which was adopted by the UN 60 years ago and is now applied by 160 countries.

Singapore has also capitalised on the naming of the convention, positioning itself as the legal hub in the region, in competition with Hong Kong.

The UN’s Commission on International Trade Law, for instance, has signed a memorandum to establish an academy in international dispute resolution in Singapore.

Hong Kong or Singapore: who to trust on belt and road disputes?
Mediators in Hong Kong said the convention only served to promote their rival city, as Hong Kong professionals remain competitive in the market.
“Lots of cases with a ‘Chinese element’ would pick Hong Kong,” said lawyer Christopher To Wing. “For instance, a US or British firm runs into a dispute with a Chinese firm, they will choose Hong Kong, as the city is close to China.”
But he conceded that more support and funding from the Hong Kong government is needed to catch up with similar promotion efforts by the Singapore government.
Source: SCMP
21/05/2019

China, EU sign milestone agreements on civil aviation cooperation

BELGIUM-BRUSSELS-CHINA-EU-CIVIL AVIATION-COOPERATION

Representatives from China and the European Union shake hands after signing agreements on civil aviation cooperation in Brussels, Belgium, on May 20, 2019. China and the European Commission on Monday signed two milestone agreements on civil aviation, marking an important step to implement the consensuses reached by leaders from both sides during the China-EU Summit held last month. (Xinhua/European Union)

BRUSSELS, May 20 (Xinhua) — China and the European Commission on Monday signed two milestone agreements on civil aviation, marking an important step to implement the consensuses reached by leaders from both sides during the China-EU Summit held last month.

The two agreements are Agreement on Civil Aviation Safety between China and the European Union (EU) and Agreement between China and the EU on Certain Aspects of Air Services.

Hailing the two aviation agreements as “a first big step”, European Commission President Jean-Claude Juncker said: “In an increasingly unsettled world, Europe’s partnership with China is more important than ever before.”

“The EU firmly believes that nations working together makes the world a stronger, safer and more prosperous place for all,” Juncker said in a statement.

The two agreements “will create jobs, boost growth and bring our continents and peoples closer together. Today’s agreements show the potential of our partnership (with China) and we should continue on this path of cooperation,” he said.

Feng Zhenglin, head of the Civil Aviation Administration of China (CAAC), said the two agreements will further promote cooperation between China and Europe in civil aviation fields while enriching the content of China-EU comprehensive strategic partnership.

“Signing of the first agreement and its airworthiness certification annex is a response to the call for aviation industry development in both China and Europe, and is conducive to the two-way exchanges of civil aviation products developed and manufactured by both sides,” Feng said ahead of the signing ceremony.

“The signing of the second one will remove the contradiction between the bilateral air services agreements signed by China and EU member states and EU law, and will provide legal certainty for the operation of air carriers from both sides,” said Feng.

“The two agreements will for sure bring China-EU civil aviation cooperation to a new stage and a new high,” he added.

“The two agreements … are highly professional and reflect the broadness and depth of the two sides’ cooperation. Both China and the EU stand for multilateralism and want to build an open world. Strengthening cooperation in the field of civil aviation is a strong example of walking the talk,” Ambassador Zhang Ming, head of the Chinese Mission to the EU who also attended the ceremony, said in a statement.

The main objective of the first agreement is to support worldwide trade in aircraft and related products, the EU said in the statement.

“This agreement will remove the unnecessary duplication of evaluation and certification activities for aeronautical products by the civil aviation authorities, and therefore reduce costs for the aviation sector. The agreement will also promote cooperation between the EU and China towards a high level of civil aviation safety and environmental compatibility,” it said.

The second agreement marks China’s recognition of the principle of EU designation, whereby all EU airlines will be able to fly to China from any EU member state with a bilateral air services agreement with China under which unused traffic rights are available, read the statement.

Up until now, only airlines owned and controlled by a given member state or its nationals could fly between that member state and China. The conclusion of a horizontal agreement will thereby bring bilateral air services agreements between China and EU member states into conformity with EU law — a renewed legal certainty which will be beneficial to airlines on both sides, it said.

Source: Xinhua

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