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  • UK-US Trade Inquiry launched by UK Parliament’s International Trade Committee

    UK-US Trade Inquiry launched by UK Parliament’s International Trade Committee

    Photo source: Pixabay

    Alicia Nicholls

    The House of Commons’ International Trade Committee is accepting submissions from interested organisations and individuals pursuant to an inquiry it has launched into UK-US trade relations. According to the official press release on the Committee’s website, the inquiry will:

    • examine the potential for a UK-US trade agreement
    • the opportunities and challenges any agreement might present
    • the implications for the production and sale of goods and services on both sides of the Atlantic
    • make recommendations to the Government on how it should approach trade relations with the US.

    The Committee is inviting interested organisations or individuals to submit written evidence to the Committee via the inquiry page in accordance with the guidelines provided. The deadline for written submissions is Monday 27 February 2017.

    For further information, please see the official page of the Committee.

     

    Alicia Nicholls, B.Sc., M.Sc., LL.B., is a trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.

     

     

  • Brexit Bill Clears First Parliamentary Hurdle

    Brexit Bill Clears First Parliamentary Hurdle

    Photo credit: Pixabay

    Alicia Nicholls

    The Theresa May government may have lost its Supreme Court Appeal last month but today the Government’s Brexit bill cleared its first parliamentary hurdle. After fourteen hours of debate spread over two days, the House of Commons voted 498 to 114 in favour of the European Union (Notification of Withdrawal) Bill, a bill to confer power on the Prime Minister to notify the UK’s intention to withdraw from the European Union under Article 50(2) of the Treaty on European Union (Lisbon Treaty).

    Article 50(1) of the Treaty on European Union provides for any member state to decide to withdraw from the EU in accordance with that state’s own constitutional requirements. Last month, the UK Supreme Court, in dismissing an appeal by the UK government, held that a parliamentary vote was required in order for the Brexit process to begin. It should be noted that many of the parliamentarians who voted in favour of the Bill’s advancement had originally supported staying in the EU. However, many felt compelled to put aside personal views in order to give effect to the will of the 52% of British voters who had voted for Brexit. Mrs. May has reportedly indicated that she will publish a White Paper outlining the Government’s Brexit plans.

    So what’s next?

    Today’s House of Commons vote (the second reading) means that the Brexit bill is one step closer to becoming law, and will go to the next stage in the parliamentary process – the Committee Stage. During the committee stage, the Bill will be subjected to more enhanced scrutiny and it is here that any amendments may be made.

    Upon leaving the Committee stage, the bill (whether or not amended) will again be debated and subjected to a final vote in the House of Commons. If the ayes have it, then it will pass to the House of Lords where the process will be repeated. The bill will be referred back to the House of Commons if the Peers make amendments to the bill.

    However, once everything goes smoothly (i.e. there are no further amendments and the peers vote in favour of the bill), the Brexit bill will be sent to the Queen for the royal assent and thereupon will become law. This confers on the May Government the legal authority to make the Article 50 notification which commences the formal withdrawal negotiations with the EU. Mrs. May has indicated the end of March 2017 as her timeline for the notification. She has also promised that she will put the final withdrawal deal to a parliamentary vote.

    The full text of the Brexit bill and further reporting on the UK House of Commons’ vote may be found here.

    Alicia Nicholls, B.Sc., M.Sc., LL.B., is a trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.

  • Caribbean Trade & Development Digest – January 22nd-28th, 2017

    Photo credit: Pixabay

    Welcome to the Caribbean Trade and Development Digest for the week of January 22-28, 2017 where we share some of the major trade and development headlines from across the Caribbean and the world.

    This week was another chaotic week in world news. Dominating this week’s headlines were the series of executive actions signed by President Donald Trump in his first full week in office. See my article about this. However, another major development was the meeting between President Trump and UK Prime Minister Theresa May whose government lost its Supreme Court Article 50 Brexit this week. Some good news is that only 2 more ratifications are needed for the WTO’s Trade Facilitation Agreement to finally come into force.

    Below we present the major headlines. For past issues of our weekly Caribbean Trade & Development Digest, please visit here.

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    REGIONAL HEADLINES

    Falklands wants trade ties with Barbados

    Barbados Today: The Falkland Islands, the British Overseas Territory in South America, is on a mission to improve trading links with the Caribbean, with a special interest in Barbados. Read more

    Why Trinidad, Guyana and Suriname should matter to India

    Swarajya: As India seeks greater engagement on the international stage, one area where its efforts are producing limited results is Latin America. India has invested neither sufficient time nor resources in appreciating the potential that Latin America offers and its forays into the region have been hesitant and somewhat faltering. Read more 

    Trump could be good for Jamaica

    Loop Jamaica: President Trump and his incoming government could be good for Jamaica, according to Finance Minister Audley Shaw. Read more 

    INTERNATIONAL HEADLINES

    Nepal Ratifies the Trade Facilitation Agreement

    WTO: Nepal has ratified the Trade Facilitation Agreement (TFA), making it the 108th WTO member to do so. Only two more ratifications from members are needed to bring the TFA into force. Read more 

    Thailand Packs Faster Conclusion of RCEP Negotiations

    SGGP:The US withdrawal from the Trans-Pacific Partnership (TPP) is likely to help the Regional Comprehensive Economic Partnership (RCEP) wrap up faster than expected, said Thai Deputy Prime Minister Somkid Jatusripitak, adding that the Southeast Asian country supports faster conclusion of the regional deal, reported in Bangkok by VNS.  Read more 

    TPP: Why the US Withdrawal Could be a Boon for China

    Knowledge@Wharton: With the U.S. earlier this week pulling out from the 12-nation Trans-Pacific Partnership (TPP), that trade agreement is all but dead. Read more 

    France’s Holland: EU to talk trade with Pacific Alliance

    VOA: French President Francois Hollande said on Monday that he would seek to bolster trade and investment with the Pacific Alliance trade bloc in joint negotiations with the European Union.Read more 

    Peru, Colombia vow to stand with Mexico against Trump

    NY Post: Peru and Colombia vowed to stand with Mexico as the country faces an uncertain economic future and grapples with a crisis with the United States just days into U.S. President Donald Trump’s administration. Read more 

    Trump, Abe agree in Phone to meet in Washington next month

    Bloomberg: President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to hold a summit in Washington on Feb. 10 and affirmed the importance of their alliance, Abe told reporters, after the U.S. strained ties by withdrawing from a Pacific trade pact. Read more 

    Chile to exit TPP and seek new trade deals with Asia-Pacific Countries 

    CCTV: Chile announced it will exit the Trans-Pacific Partnership (TPP) trade deal, but still seek to expand trade with the Asia-Pacific region, local newspaper El Mercurio reported on Tuesday. Read more 

    Look to South America not US: Bolivia tells Mexico

    Press TV:As Mexico-US ties sour over the new US administration’s controversial anti-immigration policies, Bolivia urges Mexico to turn to the South American countries rather than Washington, citing capitalism’s demise. Read more 

    UK Supreme court rules Brexit requires vote by Parliament

    Washington Post: Earlier today, the Supreme Court of the United Kingdom ruled that the British government cannot initiate the “Brexit” process of leaving the European Union without first getting the approval of Parliament. Read more

    Belarus Resumes WTO Membership Negotiations 

    WTO: WTO members welcomed the resumption of WTO membership negotiations for Belarus when the Working Party on the country’s accession met on 24 January 2017 – 12 years after its last formal meeting. Read more

    Panel established in dispute over Chinese agricultural subsidies 

    WTO: The Dispute Settlement Body (DSB) on 25 January agreed to establish a panel to examine subsidies provided by China to domestic producers of wheat, Indica rice, Japonica rice and corn. Read more

    WTO welcomes two new Appellate Body Members

    WTO: Two new members of the Appellate Body, Ms Hong Zhao of China and Mr Hyun Chong Kim of Korea, were sworn in at a ceremony at WTO headquarters on 25 January 2017. Read more 

    NEW ON CARIBBEAN TRADE LAW & DEVELOPMENT BLOG

    A Week of Trumpism in ‘Action’

    UK Government Loses Article 50 Brexit Appeal; Parliamentary Vote Needed

    President Trump signs executive order pulling US out of TPP

    WTO Ministers hold Informal Meeting on Davos Sidelines

    Liked this issue? Read past issues of our weekly Caribbean Trade & Development Digest, please visit here.To receive these mailings directly to your inbox, please follow our blog.