India, GCC agree to resume talks on free trade agreement

Nayef Falah Al-Hajraf, Secretary General of the Cooperation Council for the Arab States of the Gulf (GCC), speaks during a press conference in the Saudi capital Riyadh on March 17, 2022. (AFP)
Short Url
Updated 25 November 2022
Follow

India, GCC agree to resume talks on free trade agreement

  • Development comes 14 years after the last round of negotiations between the two sides
  • GCC is already India’s largest trading partner, with a bilateral trade volume of $168 billion

NEW DELHI: India and the Gulf Cooperation Council have decided to resume talks on a free trade agreement, India’s trade minister and the GCC secretary-general announced Thursday, 14 years after the last round of negotiations.

The GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain.

This is the third attempt at a trade pact between the two sides, with two inconclusive rounds held in 2006 and 2008.

The announcement regarding the resumption of talks came after a meeting of the Indian Trade Minister Piyush Goyal with GCC Secretary-General Nayef Falah Al-Hajraf.

I am sure the engagement with the GCC will be in tune with the truly unique and special relations enjoyed by the countries of the GCC region and India. I am quite confident that the two sides will set new benchmarks together.

Piyush Goyal, Indian trade minister

“I am sure the engagement with the GCC will be in tune with the truly unique and special relations enjoyed by the countries of the GCC region and India. I am quite confident that the two sides will set new benchmarks together,” Goyal said at a joint press conference with Al-Hajraf.

“We have agreed to pursue an FTA between GCC and India and resume the negotiation and conclude the same at the earliest.”

He said the GCC was already India’s largest trading partner, with the bilateral merchandise trade valued at $154 billion and bilateral trade in services at $14 billion in the year 2021-22.

The GCC countries contribute almost 35 percent of India’s oil imports and 70 percent of its gas imports, according to Indian commerce ministry data.  

India’s overall crude oil imports from the GCC remained about $48 billion, while liquefied natural gas and liquefied petroleum gas imports stood at about $21 billion in 2021-22.

“Over the last two years or so, the world has been hit by the pandemic and the economic outlook looked uncertain and it is the time to capitalize on the already existing strong relations between the GCC and India,” Al-Hajraf said in his opening statement.

He said India and the GCC were making joint efforts in the areas including trade, investment, technology, climate change and food security.

“We very much appreciate the contributions made by the Indian expats living in the GCC countries and contributing to the GCC economy,” the GCC secretary-general said.

There are an estimated 32 million non-resident Indians across the world, and nearly half of them are estimated to be working in Gulf countries.

India earlier this year signed an FTA with the UAE, which is now the third largest trading partner of the South Asian republic after the US and China.  

India received $87 billion in foreign remittances in 2021 and a sizable chunk of this amount came from the Gulf region, according to a report published by the World Bank.

“GCC countries are the most important component of India's Act West policy, and this important economic bloc in the region is the largest trading partner among regional organizations,” Muddassir Quamar of the New Delhi-based Institute of Defense Studies and Analyses think tank told Arab News.

“The FTA will further boost bilateral trade and remove any hurdles faced by industries in both India and GCC countries in export-import.”

The trade pact “will be the next critical step in our special strategic partnership with GCC countries,” said Anil Trigunayat, India’s former ambassador to Jordan.

“The historic and civilizational connect has been converted into a mutually beneficial strategic opportunity, therefore it is natural that the two sides find an institutional mechanism like FTA at the earliest,” Trigunayat told Arab News.

It “will comprehensively and futuristically encompass all areas of possible cooperation — trade, technology, services, mobility, investments — by addressing genuine concerns of both sides.”

Manish Singhal of the Federation of Indian Chambers of Commerce and Industry said the “free trade agreement with the GCC has huge economic potential for India.”  

He added: “If it’s a comprehensive FTA, then the investments and mutual recognition of standards in the pharmaceutical and engineering sectors will see a big boost, especially in terms of our exports.”  

 


In South Korea, nations meet in final round to address global plastic crisis

Updated 12 sec ago
Follow

In South Korea, nations meet in final round to address global plastic crisis

Negotiators gathered in Busan, South Korea, on Monday in a final push to create a treaty to address the global crisis of plastic pollution.
It’s the fifth time the world’s nations convene to craft a legally binding plastic pollution accord. In addition to the national delegations, representatives from the plastics industry, scientists and environmentalists have come to shape how the world tackles the surging problem.
The planet is ” choking on plastic, ” according to the United Nations. It’s polluting lakes, rivers, oceans and people’s bodies.
“Don’t kick the can, or the plastic bottle, down the road,” UN Environment Programme Executive Director Inger Andersen said in a message aimed at negotiators.
This “is an issue about the intergenerational justice of those generations that will come after us and be living with all this garbage. We can solve this and we must get it done in Busan,” she said in an interview.
The previous four global meetings have revealed sharp differences in goals and interests. This week’s talks go through Saturday.
Led by Norway and Rwanda, 66 countries plus the European Union say they want to address the total amount of plastic on Earth by controlling design, production, consumption and where plastic ends up. The delegation from the hard-hit island nation of Micronesia helped lead an effort to call more attention to “unsustainable” plastic production, called the Bridge to Busan. Island nations are grappling with vast amounts of other countries’ plastic waste washing up on their shores.
“We think it’s the heart of the treaty, to go upstream and to get to the problem at its source,” said Dennis Clare, legal adviser and plastics negotiator for Micronesia. “There’s a tagline, ‘You can’t recycle your way out of this problem.’”
Some plastic-producing and oil and gas countries, including Saudi Arabia, disagree. They vigorously oppose any limits on plastic manufacturing. Most plastic is made from fossil fuels. Saudi Arabia is the world’s largest exporter of primary polypropylene, a common type of plastic, accounting for an estimated 17 percent of exports last year, according to the Plastics Industry Association.
China, the United States and Germany led the global plastics trade by exports and imports in 2023, the association said.
The plastics industry has been advocating for a treaty focused on redesigning plastic products, recycling and reuse, sometimes referred to as “circularity.” Chris Jahn, International Council of Chemical Associations secretariat, said negotiators should focus on ending plastic waste in the environment, not plastic production, to get a deal. Many countries won’t join a treaty if it includes production caps, he said.
To continue to progress and grow as a global economy, there are going to be more plastics, Jahn added.
“So we should strive then to keep those plastics in the economy and out of the environment,” Jahn said.
The United States delegation at first said countries should develop their own plans to act, a position viewed as favoring industry. It changed its position this summer, saying the US is open to considering global targets for reductions in plastic production.
Environmental groups accused the US of backtracking as negotiations approached.
Center for Coalfield Justice executive director Sarah Martik said the United States is standing on the sidelines rather than leading, putting “their thumb on the scale throughout the entirety of the negotiations.” She hopes this does not derail other countries’ ambition.
The US Environmental Protection Agency released a national strategy to prevent plastic pollution Thursday, but Martik said she thinks too many of the measures are voluntary to make a difference.
Democratic US Sen. Jeff Merkley, of Oregon, said it’s a mistake for the United States to settle for the lowest common denominator proposals, just to get some kind of agreement.
Luis Vayas Valdivieso, the committee chair from Ecuador, recently proposed text for sections where he thinks the delegations could agree.
The production and use of plastics globally is set to reach 736 million tons by 2040, up 70 percent from 2020, without policy changes, according to the intergovernmental Organization for Economic Co-operation and Development.
Research published in Science this month found it is still possible to nearly end plastic pollution. The policies that make the most difference are: mandating new products be made with 40 percent post-consumer recycled plastic; limiting new plastic production to 2020 levels; investing significantly in plastic waste management, such as landfills and waste collection services and implementing a small fee on plastic packaging.
The treaty is the only way to solve plastic pollution at this scale, said Douglas McCauley, professor at UC Santa Barbara and UC Berkeley. McCauley co-led the research.
Margaret Spring, chief conservation and science officer for Monterey Bay Aquarium, said plastic pollution used to be considered largely a waste problem. Now it is widely viewed as an existential crisis that must be addressed, said Spring, who represents the International Science Council at the negotiations.
“I’ve never seen people’s understanding of this issue move as fast, given how complex the topic is,” she said. “It gives me hope that we can actually start moving the dial.”
 


Republicans push back against Democrats' claims that Trump intelligence pick Gabbard is compromised

Updated 25 November 2024
Follow

Republicans push back against Democrats' claims that Trump intelligence pick Gabbard is compromised

  • Democrats have cast doubts on Gabbard for her comments supportive of Russia and secret meetings, as a congresswoman, with Syria’s president, a close ally of the Kremlin and Iran
  • Gabbard, a former US ational Guard officer and a former Democrat, also has suggested that Russia had legitimate security concerns in deciding to invade Ukraine, given its desire to join NATO

FORT LAUDERDALE, Florida: Republican senators pushed back on Sunday against criticism from Democrats that Tulsi Gabbard, Donald Trump’s pick to lead US intelligence services, is “compromised” by her comments supportive of Russia and secret meetings, as a congresswoman, with Syria’s president, a close ally of the Kremlin and Iran.
Sen. Tammy Duckworth, an Illinois Democrat and veteran of combat missions in Iraq, said she had concerns about Tulsi Gabbard, Trump’s choice to be director of national intelligence.
“I think she’s compromised,” Duckworth said on CNN’s “State of the Union,” citing Gabbard’s 2017 trip to Syria, where she held talks with Syrian President Bashar Assad. Gabbard was a Democratic House member from Hawaii at the time.
“The US intelligence community has identified her as having troubling relationships with America’s foes. And so my worry is that she couldn’t pass a background check,” Duckworth said.
Gabbard, who said last month she is joining the Republican Party, has served in the Army National Guard for more than two decades. She was deployed to Iraq and Kuwait and, according to the Hawaii National Guard, received a Combat Medical Badge in 2005 for “participation in combat operations under enemy hostile fire in support of Operation Iraqi Freedom III.”
Duckworth’s comments drew immediate backlash from Republicans.
“For her to say ridiculous and outright dangerous words like that is wrong,” Sen. Markwayne Mullin, a Republican from Oklahoma, said on CNN, challenging Duckworth to retract her words. “That’s the most dangerous thing she could say — is that a United States lieutenant colonel in the United States Army is compromised and is an asset of Russia.”
In recent days, other Democrats have accused Gabbard without evidence of being a “Russian asset.” Sen. Elizabeth Warren, a Massachusetts Democrat, has claimed, without offering details, that Gabbard is in Russian President Vladimir “Putin’s pocket.”
Mullin and others say the criticism from Democrats is rooted in the fact that Gabbard left their party and has become a Trump ally. Democrats say they worry that Gabbard’s selection as national intelligence chief endangers ties with allies and gives Russia a win.
Rep. Adam Schiff, a California Democrat just elected to the Senate, said he would not describe Gabbard as a Russian asset, but said she had “very questionable judgment.”
“The problem is if our foreign allies don’t trust the head of our intelligence agencies, they’ll stop sharing information with us,” Schiff said on NBC’s “Meet the Press.”
Gabbard in 2022 endorsed one of Russia’s justifications for invading Ukraine: the existence of dozens of US-funded biolabs working on some of the world’s nastiest pathogens. The labs are part of an international effort to control outbreaks and stop bioweapons, but Moscow claimed Ukraine was using them to create deadly bioweapons. Gabbard said she just voiced concerns about protecting the labs.
Gabbard also has suggested that Russia had legitimate security concerns in deciding to invade Ukraine, given its desire to join NATO.
Republican Sen. Eric Schmitt of Missouri said he thought it was “totally ridiculous” that Gabbard was being cast as a Russian asset for having different political views.
“It’s insulting. It’s a slur, quite frankly. There’s no evidence that she’s a asset of another country,” he said on NBC.
Sen. James Lankford, another Oklahoma Republican, acknowledged having “lots of questions” for Gabbard as the Senate considers her nomination to lead the intelligence services. Lankford said on NBC that he wants to ask Gabbard about her meeting with Assad and some of her past comments about Russia.
“We want to know what the purpose was and what the direction for that was. As a member of Congress, we want to get a chance to talk about past comments that she’s made and get them into full context,” Lankford said.


Uruguay’s center-left Orsi leads presidential runoff, exit polls say

Updated 25 November 2024
Follow

Uruguay’s center-left Orsi leads presidential runoff, exit polls say

MONTEVIDEO: Early exit polls in Uruguay’s presidential election indicated on Sunday that the center-left opposition candidate Yamandu Orsi is ahead of his conservative rival Alvaro Delgado in a closely fought second-round race that promises to be a photo finish.
Orsi had secured 49.5 percent of the vote, according to an exit poll from Cifra, followed by 45.9 percent for Delgado for the ruling coalition. Equipos Consultores also predicted an Orsi win with 49.0 percent of the vote and 46.6 percent for Delgado.
 


Far-right populist surprises in Romanian presidential election appearing set to enter runoff

Updated 20 min 37 sec ago
Follow

Far-right populist surprises in Romanian presidential election appearing set to enter runoff

  • Thirteen candidates ran for the presidency in the European Union and NATO member country.
  • Hard-right Georgescu has questioned NATO commitment to collective defense

BUCHAREST, Romania: A little-known, far-right populist took the lead in Romania’s presidential election Sunday, electoral data showed, and will likely face leftist Prime Minister Marcel Ciolacu in a runoff in two weeks, an outcome that rocked the country’s political landscape.
Calin Georgescu, who ran independently, led the polls with around 22 percent of the vote, while Ciolacu of the Social Democratic Party, or PSD, trailed at 20 percent. Elena Lasconi of the Save Romania Union party, or USR, stood at about 18 percent, and George Simion, the leader of the far-right Alliance for the Unity of Romanians, or AUR, took 14.1 percent.
After polls closed, 9.4 million people — about 52.4 percent of eligible voters — had cast ballots, according to the Central Election Bureau. The second round of the vote will be held Dec. 8.
Thirteen candidates ran for the presidency in the European Union and NATO member country. The president serves a five-year term and has significant decision-making powers in areas such as national security, foreign policy and judicial appointments.
Georgescu, 62, ran independently and was not widely known. He outperformed most local surveys, sending shockwaves through Romania’s political establishment as he ascended to poll position.
After casting his ballot on Sunday, Georgescu said in a post on Facebook that he voted “For the unjust, for the humiliated, for those who feel they do not matter and actually matter the most … the vote is a prayer for the nation.”
Cristian Andrei, a political consultant based in Bucharest, told The Associated Press that Georgescu’s unexpected poll performance appears to be a “large protest or revolt against the establishment.”
“The mainstream political parties have lost the connection with regular Romanians,” he said. “You don’t have strong candidates or strong leaders … there are weak candidates, weak leaders, and the parties in general are pretty much disconnected.”
Georgescu lacks an agenda, Andrei added, and has a vague and populist manifesto with positions that are “beyond the normal discourse.” His stances include supporting Romanian farmers, reducing dependency on imports, and ramping up energy and food production.
According to his website, Georgescu holds a doctorate in pedology, a branch of soil science, and held different positions in Romania’s environment ministry in the 1990s. Between 1999 and 2012, he was a representative for Romania on the national committee of the United Nations Environment Program.
Videos posted to his popular TikTok account, where he has amassed 1.6 million likes, depict him attending church, doing judo, running around an oval track, and speaking on podcasts.
Ahead of Sunday’s vote, many had expected to see Simion, a vocal supporter of US President-elect Donald Trump, face Ciolacu in the second round. He campaigned for reunification with Moldova, which this year renewed a five-year ban on him entering the country over security concerns, and he is banned for the same reason from neighboring Ukraine.
Ecaterina Nawadia, a 20-year-old architecture student, said she voted for the first time in a national election on Sunday and hoped young people turn out in high numbers.
“Since the (1989) revolution, we didn’t have a really good president,” she said. “I hope most of the people my age went to vote … because the leading candidate is not the best option.”
Romania will also hold parliamentary elections on Dec. 1 that will determine the country’s next government and prime minister.
As the ballots were still being counted, Simion said he congratulated Georgescu and that he was “Very happy that approximately 40 percent of the votes of Romanians went toward the sovereign option” and would be in the second round.
Andrei, the political consultant, said Romania’s large budget deficit, high inflation, and an economic slowdown could push more mainstream candidates to shift toward populist stances amid widespread dissatisfaction.
Ciolacu told the AP before the first-round vote that one of his biggest goals was “to convince Romanians that it is worth staying at home or returning” to Romania, which has a massive diaspora spread throughout EU countries.
Other candidates included former NATO deputy general secretary Mircea Geoana, who ran independently and obtained about 6 percent; and Nicolae Ciuca, a former army general and head of the center-right National Liberal Party, which is currently in a tense coalition with the PSD — who stood at 9.3 percent.
Geoana, a former foreign minister and ambassador to the United States, told the AP before Sunday’s vote that he believed his international experience would qualify him above the other candidates.
Lasconi, a former journalist and the leader of the USR, said she sees corruption as one of the biggest problems Romania faces and that she supports increased defense spending and continued aid to Ukraine.


Somalia says 24 people have died after 2 boats capsized in the Indian Ocean

Updated 25 November 2024
Follow

Somalia says 24 people have died after 2 boats capsized in the Indian Ocean

  • A delegation led by the Somali ambassador to Ethiopia is scheduled to travel to Madagascar on Monday to investigate the incident and coordinate efforts to help survivors

MOGADISHU, Somalia: Twenty-four people died after two boats capsized off the Madagascar coast in the Indian Ocean, Somalia’s government said Sunday.
Somalia’s Foreign Minister Ahmed Moalim Fiqi said 46 people were rescued.
“We are working tirelessly to ensure the survivors are brought back home safely and provided with the necessary care,” he said.
Most of the passengers were young Somalis, and their intended destination remains unclear. Many young Somalis embark every year on dangerous journeys in search of better opportunities abroad.
A delegation led by the Somali ambassador to Ethiopia is scheduled to travel to Madagascar on Monday to investigate the incident and coordinate efforts to help survivors.
Fiqi also said Sunday that Somalia’s ambassador to Morocco will look into a separate report of Somali youth stranded on Morocco’s coastline. It is not clear when the Morocco incident took place and Fiqi did not provide details.
The UN migration agency has in the past raised concern over rising cases of irregular migration from the Horn of Africa countries as people flee from conflict and drought.
In April, 38 migrants died and 22 others were rescued from a shipwreck off Djibouti on a popular route to Yemen. Most of those rescued were of Somali and Ethiopian nationalities.