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#Britain has signed a post-Brexit trade deal with the Pacific islands of #Fiji and #PapuaNewGuinea, as the government rushes to sign as many agreements as possible before 29 March. The Department for International Trade said the agreement would maintain access to goods including sugar and fish imported from the islands 10,000 miles away. Total trade between Britain and the region is worth about ยฃ369m a year. Signed by the #internationaltrade secretary, Liam Fox, the deal eliminates all tariffs on all goods imported from Fiji and Papua New Guinea and will gradually remove around 80% of tariffs on UK exports to these countries.

Deals have been signed with nations including #Switzerland, #Chile and the #FaroeIslands. Deals with major trading partners such as #Japan, #Turkey and #SouthKorea are not expected to be ready in time, much to the alarm of business leaders. If there is a #nodealBrexit, trade with those countries would default to World Trade Organization terms.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #TradePolicy #TradeAgreement #FreeTrade #EconomicRisk #EconomicPolicy #Economy #BrexitDisruption #UnitedKingdom #Europe #UKEconomy #PostBrexit #LimboBrexit #BrexitRisks #Brexit
UK signs post-Brexit trade deal with Fiji and Papua New Guinea
https://www.theguardian.com/business/2019/mar/14/uk-signs-post-brexit-trade-deal-with-fiji-and-papua-new-guinea
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Originally shared by Rick Li - 4 comments
Against the backdrop of a worsening international economic environment, #China needs to find solutions as soon as possible in case more Western countries unite against it on some major economic issues. The country should pay attention to deepening bilateral relations with important economic and trade partners by building a more comprehensive and high-standard free trade network. And the #UK could be one of the developed countries with which China could strengthen economic cooperation in a new round of changes to the international economic order.

As the fifth-largest global economy, and the second-largest economy in the EU, the UK is an important window for China to deepen cooperation with the Western world. Beijing can consider a China-UK #freetradearea (FTA) as a model for deals with other #developedcountries. For the UK, the inking a China-UK FTA would help reduce #postBrexit uncertainties by offsetting some of the negative impacts. For China, an #FTA with the UK will allow it to explore development space under the pressure of the US-China trade war, facilitating domestic industrial upgrading and propelling domestic reforms in environmental protection, IPR protection and other aspects. Therefore, a China-UK FTA will be of great practical significance.


#GlobalEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #EuropeanEconomy #EuropeanUnion #EU #UKEconomy #Brexit #TradeAgreement
China, UK will both benefit from #freetrade deal
http://www.globaltimes.cn/content/1141641.shtml
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Originally shared by Rick Li
President Donald #Trump inserted himself back into #Britain's #Brexit debate, saying he was prepared to negotiate a 'large scale' #tradeagreement with the United Kingdom after it leaves the #EuropeanUnion. Trump's push for a #tradedeal, however, belies the nature of Britain's Brexit complexity and the reason why lawmakers have both rejected leaving with 'no deal' and May's painstakingly negotiated pact.

The biggest issue facing #UK lawmakers is the issue of the so-called Irish backstop, a means by which Britain can ensure that, regardless of what happens during its negotiated transition from the bloc, a hard border between Northern Ireland, a U.K. territory, and the Republic of Ireland, an EU member state, will never be put in place.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #TradePolicy #FreeTrade #EconomicRisk #EconomicPolicy #BrexitDisruption #UnitedKingdom #Europe #UKEconomy #PostBrexit #LimboBrexit #BrexitRisks #UnitedStates #Economy
Trump Pushes for UK Trade Deal, Scolds Theresa May For Ignoring Brexit Advice
https://www.thestreet.com/investing/futures/trump-pushes-for-uk-trade-deal-scolds-theresa-may-for-ignoring-brexit-advice-14896717

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Originally shared by Rick Li
#Britain unveiled a contingency trade policy that favors global giants such as #China over #EU countries in case of a messy divorce from the bloc. London is bracing for the worst as it races toward the March 29 #Brexit deadline without a plan for unwinding its 46-year involvement in the European project. A 'no-deal' split would bring an end to the current free trade arrangements between Britain and its EU partners overnight.

Britainโ€™s shift of attention to China is most vividly displayed by the complete elimination of tariffs on its massive aluminum and steel mills. The benefits would also stretch to big metals producer Russia - a potentially sensitive issue considering the chilly state of Londonโ€™s affairs with Moscow. Cheaper metals are a boon for Britainโ€™s troubled car producers. The sector is a vital employer in smaller cities and would get the additional help thanks to tariff-free imports of components.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #TradePolicy #TradeAgreement #FreeTrade #EconomicRisk #EconomicPolicy #Economy #BrexitDisruption #UnitedKingdom #Europe #UKEconomy #PostBrexit #LimboBrexit #BrexitRisks #NoDealBrexit
Britain eyes Brexit 'no-deal' trade shift to China from EU
https://www.japantimes.co.jp/news/2019/03/14/business/britain-eyes-brexit-no-deal-trade-shift-china-eu/

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U.S. President Donald #Trump said #TheresaMay 'didn't listen' to his ideas on how to negotiate #Brexit, and a second vote on EU membership would be 'very unfair to the people that won.' Trump gave the British prime minister 'my ideas how to negotiate' Brexit but 'she didn't listen to that and thatโ€™s fine, she has to do what she has to do. I think it could have been negotiated in a different manner. I hate to see everything being ripped apart right now.'


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #TradePolicy #TradeAgreement #FreeTrade #EconomicRisk #EconomicPolicy #Economy #BrexitDisruption #UnitedKingdom #Europe #UKEconomy #PostBrexit #LimboBrexit #BrexitRisks #UnitedStates
Donald Trump: Theresa May โ€˜didnโ€™t listenโ€™ to me on Brexit
https://www.politico.eu/article/donald-trump-theresa-may-didnt-listen-to-me-on-brexit/
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We now know that on Thursday of next week (Mar 21), Prime Minister #TheresaMay will ask the #EuropeanUnion to extend the #Article50 #Brexit deadline. For how long depends on whether or not her Brexit divorce deal is approved by her own lawmakers before that date. As things stand, her deal looks no closer to passing a vote in parliament. On Thursday (Mar 14), 188 members of her own party voted against the government's motion to delay Brexit.

Only two things of late have carried a majority among lawmakers: opposing a #nodealBrexit and delaying Brexit, which both sound distinctly un-Brexity. And neither is entirely within the United Kingdom's control. But as we drift closer to the big day when the UK is slated to leave (March 29), the Commons is giving us a better idea of what it doesn't want. It doesn't want May's deal, a no deal or to scrap Brexit altogether. It doesn't even want a second referendum, despite the noise made about putting the vote back to the public by some in the political class.


#GlobalEconomy #EconomicOutlook #EconomicGrowth #EconomicSlowdown #EconomicRisk #EconomicPolicy #Economy #BrexitDisruption #UnitedKingdom #Europe #EuropeanEconomy #UKEconomy #PostBrexit #LimboBrexit #BrexitRisks
Brexit has taken a notable step backwards
https://edition.cnn.com/2019/03/14/uk/brexit-analysis-luke-mcgee-intl-gbr/index.html
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SingaporeBanks -
Maybank Kim Eng
2016-06-29:
Added to #PostBrexit Complexities.

Our recent macro-analysis concluded that #propertycurbs may just be made permanent in Singapore. If so, we estimate that this would affect mortgage and building & construction (B&C) loans by less than 1%.
Add to that expectations of fewer lending opportunities and rising NPLs from the oil rout, we remain NEGATIVE on banks.
For sector exposure, prefer #UOB.

#SingaporeBanks #MaybankKimEng #AnalystReport #SGinvestors #OCBC #DBS
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New Zealand offers UK its top trade negotiators for post-brexit deals
#brexit #britain #referendum #postbrexit #unitedkingdom #tradedeal #europeanunion #remain #leave
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Six months on after the #Brexit referendum of 23 June 2016, it may seem that little or nothing has changed. However, one should not fall into the false sense of complacency into believing that the #postBrexit environment is and will be almost business as usual.

The undercurrent of change is already happening fast and will not only have a serious impact on the British economy, but also on the global economy. Indeed, #Africa will also not be spared and the aftermath of Brexit is already unfolding slowly but surely within the continent. African countries already need to prepare for contingency plans in the post-Brexit environment.

#AfricanEconomy #AfricanDevelopment
Africa and post-Brexit โ€“ Six months on
http://www.howwemadeitinafrica.com/africa-post-brexit-six-months/57131/
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