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Archive for the tag “EU”

US, EU, UK, Canada Launch Sanctions Blitz Against Chinese Officials; Beijing Hits Back

The USEUUK and Canada banded together to sanction Chinese officials over suspected human rights abuses in Xinjiang on Monday, a dramatic escalation in tensions with Beijing and a clear sign that the new Joe Biden administration plans to wield its alliances as a powerful tool to counter an increasingly assertive China.

Read Here | South China Morning Post

Also Read | Why Australia And New Zealand Issued Their Own Statement On US-Led China Sanctions

Beijing’s Rise Rekindles EU-India Romance

There’s nothing like a common rival to forge a marriage of convenience. Even if, in the past, the EU and India never really clicked. Back in 2013, trade talks between Brussels and New Delhi went into snooze mode, weighed down by thorny topics like India’s agricultural protectionism and its generic pharmaceuticals. But there’s now a different mood in the air, as all eyes are on China.

Read Here | Politico

Boris Johnson Has ‘Got Brexit Done’. With A Deal That Will Please No One

Brexit was never fundamentally an economic project. It was always more about what it said on the ballot paper in 2016. Brexit was about ceasing to be a member of the European Union. Leavers understood that. Remainers, in contrast, still struggle with it.

Read Here |The Guardian

A Brexit Trade Deal At last: EU And UK Clinch Narrow Accord

Britain clinched a Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. “Deal is done,” a Downing Street source said. “We have taken back control of our money, borders, laws, trade and our fishing waters.”

Read Here | Reuters

The Impact Of The New Asian Trade Mega-Deal On The European Union

Although the economic implications of the Regional Comprehensive Economic Partnership (RCEP) for the EU are modest, the geopolitical and strategic implications are not. With the arrival of a new US administration and the central role of China in the bloc, the EU needs to outline an Asian commercial strategy that reconciles the importance of China and the transatlantic relationship.

Read Here | Bruegel

Brexit Is Just The Beginning

The British government still needs to negotiate the terms of its future relations with the EU, a task so complex that many doubt it can be completed by the end of the year, when another ominous deadline looms. In the meantime, the country will be stuck in EU purgatory, bound by the bloc’s laws and regulations but powerless to shape them. Trade deals with other countries remain to be hammered out. And at home, the toxic fallout of Brexit division will linger…

Read Here – Foreign Affairs

Brussels Eyes €100B Wealth Fund For ‘European Champions’

EU officials want to set up a €100 billion wealth fund to bolster “European champions” against American and Chinese business rivals like Google, Apple and Alibaba. The proposal for a so-called European Future Fund appears in an unusually radical raft of plans that European Commission officials want to put onto the agenda of their president-elect, Ursula von der Leyen, whose mandate begins on November 1.

Read Here – Politico

UK Ups No-Deal Brexit Planning As Doubts Grow Over Its Readiness

The U.K.’s government under new Prime Minister Boris Johnson has stepped up planning and funding for a no-deal Brexit, but many feel that contingency plans will not be enough to mitigate the fallout from an increasingly likely abrupt departure from the EU.

Read Here – CNBC

Europe’s Ancien Régime Returns

The politics of the European Union, however, look increasingly pre-democratic. In this new Ancien Régime – much as in the old one – officials condemn petty theft while absolving themselves of more serious crimes. Countries that wish to join the EU are instructed to scrub their institutions of corruption before they can even be considered for accession. Without the slightest hesitation, however, the EU now promotes candidates with a clear record of kickbacks and other dirty deals, as long as they are already senior members of the political class.

Read Here – London Review Of Books

Views From The Capitals: European Elections

Though the biggest headlines of election night may have been of the Le Pen and Salvini victories, the story across Europe is that voters have mobilised in favour of change.  A high turn-out in the European Parliament elections has resulted in a surge for smaller parties, notably greens and liberals, which has effectively countered the rise of far-right parties – preventing them from the kind of sweeping successes in the European elections that were predicted earlier this year.

Read Here – European Council On Foreign Relations

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