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THE BEADY EYE ASK’S: HAS ENGLAND DONE A TRADE DEAL WITH SAUDI.

09 Friday Mar 2018

Posted by bobdillon33@gmail.com in Brexit v EU - Negotiations., European Union., Trade Agreements.

≈ Comments Off on THE BEADY EYE ASK’S: HAS ENGLAND DONE A TRADE DEAL WITH SAUDI.

Tags

European Trade Agreements., The Trans-Pacific Partnership Trade Agreement., Trade Agreements., Transatlantic Trade and Investment Partnership (TTIP)

( A seven-minute read)

Of course not.

Britain cannot conclude trade deals or agreements with countries while it is still a member of the European Union.

However, it’s important to note exactly what this means.

Does it mean leapfrogging?

Britain cannot conclude such agreements while still a member, not that Britain cannot negotiate them while still in the bloc.Résultat de recherche d'images pour "Pictures of trade agreements"

This is a distinction that all too many are not making and it’s an important one:

WHATEVER ABOUT THE HIPOCRICY of trading with a country that abuses human rights, and is killing Yemenites with English weapons (UK sales of arms and military kit to Saudi Arabia hit £1.1bn in 2017.) the question for the EU is:

Is England breaching its EU treaty or not.

A Chines £9bn agreement  ( Not all details have been made public.)

A Saudi £65bn agreement trade and investment target for the year 2030.

Both disguised as mutual trade and investment opportunities ambitions, visions, whatever you like to call them over the coming years.

Britain will remain within custom union rules during any Brexit transition. This means that no new trade deals can come into force until at least 2021.

Over the years, the EU has forged a constructive political dialogue with members of the Cooperation Council for the Arab States of the Gulf (GCC). These countries are Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the UAE.

The Cooperation Agreement, which was concluded in 1988, forms the basis for the relationship that aims at:

  • strengthening the stability in the strategically important region;
  • facilitating the political and economic relations;
  • broadening economic and technical cooperation;
  • further broadening cooperation on energy, industry, trade and services, agriculture, fisheries, investment, science, technology, and environment.
  • The EU and GCC have been engaged in negotiating a Free Trade Agreement (FTA) since 1990.

In the meantime here are some of the benefits England enjoys from EU trade deals ( There are 800 odd trading)Résultat de recherche d'images pour "Pictures of trade agreements"

As a member of the EU, Uk business has easier access to 1/3 of the world’s markets by value.

The EU gives UK business preferential market access to over 50 countries outside of the EU.

The EU gives the UK access to more markets than Switzerland, Canada or Australia – who have 38, 15 and 15 trade deals respectively.

The EU gets the UK a better deal – eliminating tariffs with South Korea
almost 4 times quicker than Australia’s deal.

EU trade deals are comprehensive in scope – all deals signed in the last year include services.

The EU-South Korea deal boosted UK trade with South Korea by 57%.

The EU-Canada trade deal will add £1.3bn to the economy.

If the EU completes all deals currently under negotiation, 88% of the UK’s trade would be covered.

The EU-US deal (TTIP) could add £10bn to the UK economy by attracting more investment, cutting red tape and increasing consumer choice. The deal would also set the bar for regulatory standards around the world with corporations having legal powers to sue nations. Let’s hope it will never happen.

Britain is now trumping free trade.

” Free trade under WTO rules will play an important role in global poverty reduction post-Brexit.”

But this argument is based on nostalgia for a system where free and fair trade represented a cornerstone of Britain’s foreign policy. It is nostalgic because such a system, which had its origins in colonies and treaty ports, was neither free nor based on fair rules. It’s a fallacy that provides – at best – some comfort against the uncertainty of Brexit. At worst, it evokes memories among many countries, including China, of an era when trade was used to exacerbate exploitation rather than alleviate poverty.

The arguments that rules-based free trade reduces poverty do not stand up to scrutiny. Not only are they divorced from the history of the colonial trade system, they are also inconsistent with the way in which China lifted some 700m citizens out of absolute poverty.

Plus, the assertion that a “protectionist” EU has constrained the UK’s ability to form free trade agreements with its “natural” trade partners in the Commonwealth has been shown to be inconsistent. The EU incorporated many of these countries into its system trade preferences after the UK joined its precursor, the EEC.

The colonial trade system was neither built on free trade nor liberal economic policy. Instead, it functioned on the basis of strict currency controls, centralized planning and unbalanced economic power, which favored the colonial power.

Perhaps the biggest irony is that the UK’s best prospects for a favorable trade agreement with China, a strong currency, and rules-based trade are to be found by remaining within the EU. The EU has long been reluctant to grant China market economy status until it can demonstrate that Chinese product prices reflect their market value. More recently, it has sought to develop a more cohesive approach to Chinese investment in EU countries.

In holding China to rules-based trade, the EU is, therefore, following the very approach that those in favor of Brexit appear to be advocating. And, as one of China’s biggest export markets, has far more clout to shape these rules.

There remains this question should countries make trade deals with countries that use them to sell arms.

England has already sold £4.6bn of arms to Saudi since the war started in Yemen in 2015. It now in the process of selling an additional 48 Typhoon at an expected to cost on average about $180 million each. So much for Free trade under WTO rules.

All human comments appreciated. All like clicks chucked in the bin.

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THE BEADY EYE LOOKS AT THE HIPPOCRATIC NATIONS SELLING ARMS.

02 Wednesday Sep 2015

Posted by bobdillon33@gmail.com in Arms Trade.

≈ Comments Off on THE BEADY EYE LOOKS AT THE HIPPOCRATIC NATIONS SELLING ARMS.

Tags

Arms Trade., Extinction, Hippocratic Nations., The Future of Mankind, The Trans-Pacific Partnership Trade Agreement., Trade Agreements., United Nations

There is no doubt that the gun has had more influence in changing the course of history than any other competitor – money/Capitalism, Credit, or the Internet and the good news is that the international arms trade is still booming to this day. story-thumb-nail-image

In September this year the Docklands in East London will play host to DSEI 2015, a biennial government-sponsored arms fair that is among the biggest in the world.

DSEI, which will be unimpeded by the Arms Trade Treaty, will bring hundreds of major arms companies and arms dealers together with some of the worst dictators and warmongering regimes.

At the same time 300,000 are fleeing conflicts in Syria, Afghanistan, Iraq, Libya, Yemen, while ISIS flattens world heritage, destabilizes, beheads with American arms all that come in its path, while Israel grabs Palestinian land and Americans have the right to arms to kill each other,

This deadly carnival of the grotesque could not take place without the practical and political support of government ministers and their departments.

The promotions don’t stop at hosting arms fairs and trade missions.

Britain even has a government department dedicated to the promotion of arms sales: the UK Trade & Investment Defence & Security Organization (UKTI DSO). Despite its obscure name and low profile, UKTI DSO is right at the heart of the government’s support for the arms trade, employing 128 civil servants for the sole purpose of boosting international arms sales.

Arms sales, which fuel insecurity and abuse around the world, only account for 1.4 per cent of British exports and just 0.2 per cent of the jobs.

On top of that, the industry receives an annual public subsidy, which one study estimates to be around $1 billion. The mindset that puts helping companies secure lucrative (for them, not the taxpayer) deals before all else.

The simple fact is that Britain, and other countries, could stop arming tyrants right now.

Britain has consistently pulled out all stops to try to maximize them.

Every year the government publishes its Human Rights and Democracy Report; the most recent report listed 28 ‘countries of concern’ and yet in the last 12 months it has licensed weapons to at least 18 of them.

That doesn’t need an Arms Trade Treaty. It needs the political will.

Soldiers patrolling Monrovia, Liberia, 2003

We can’t have it both ways. We can’t be both the world’s leading champion of peace and the world’s leading supplier of arms.”

The boundaries between the formal arms trade and “the shadow world” are extremely fuzzy.

The arms industry is unlike any other. The industry is hardwired for corruption. It is responsible for 40% of all corruption in world trade. It operates without regulation. It makes its profits on the back of machines designed to kill and maim human beings.

Armed conflict was responsible for 231m deaths last century.

Respect for human rights is often overlooked as arms are sold to known human rights violators.

These weapons land up in places you don’t want or expect them to.

You might say that the arms trade may not always be a root cause, because there are often various geopolitical interests etc. However, the sale of arms can be a significant contributor to problems because of the enormous impact of the weapons involved. Furthermore, some oppressive regimes are only too willing purchase more arms under the pretext of their own war against terrorism.

This rush to globalize arms production and sales ignores the grave humanitarian and strategic consequences of global weapons proliferation.

Industrialized countries negotiate free trade and investment agreements with other countries, but exempt military spending from the liberalizing demands of the agreement. Since only the wealthy countries can afford to devote billions on military spending, they will always be able to give their corporations hidden subsidies through defence contracts, and maintain a technologically advanced industrial capacity.

And so, in every international trade and investment agreement one will find a clause which exempts government programs and policies deemed vital for national security. Here is the loophole that allows the maintenance of corporate subsidies through virtually unlimited military spending.

So who profits most from this murderous trade?

The five permanent members of the UN Security Council—the USA, UK, France, Russia, and China. Together, together with Germany and Italy  are responsible for eighty-eight per cent of the arms sold between 2004 and 2011.

Each year, around $45-60 billion worth of arms sales are agreed.  That is $235 for every person on the planet.

Most of these sales (something like 75%) are to developing countries.

World military spending has now reached one trillion dollars, close to Cold War levels. Recent data shows global spending at over $1.7 trillion. 2012 saw the first dip in spending — only slightly —since 1998, in an otherwise rising trend.

The highest military spender is the US accounting for almost two-fifths of the world’s spending, more than the rest of the G7 (most economically advanced countries) combined, and more than all its potential enemies, combined.

While international attention is focused on the need to control weapons of mass destruction, the trade in conventional weapons continues to operate in a legal and moral vacuum.

  • More and more countries are starting to produce small arms, many with little ability or will to regulate their use.
  • Permanent UN Security Council members—the USA, UK, France, Russia, and China—dominate the world trade in arms.
  • Most national arms controls are riddled with loopholes or barely enforced.
  • Key weaknesses are lax controls on the brokering, licensed production, and ‘end use’ of arms.
  • Arms get into the wrong hands through weak controls on firearm ownership, weapons management, and misuse by authorised users of weapons.

Arms sales (agreements) by the Leading Recipient Developing Nations, 2004-2011 (in billions of current U.S. dollars)

Ranked Country               Amount spent               Percent of total

1 Saudi Arabia                       75.7                            21%
2 India                                  46.6                             13%
3 UAE                                    20.3                               6%
4 Egypt                                 14.3                               4%
5 Pakistan                             13.2                               4%
6 Venezuela                          13.1                               4%
7 Brazil                                  10.9                                3%
8 Algeria                                10.3                               3%
9 Israel                                  9.5                                 3%
10 South Korea                      9.2                                 2%
11 All other developing countries 145.168                  39%

Arms sales (agreements), by Supplier, 2004-2011 (in billions of constant 2011 U.S. dollars)

Supplier                     Total Sales in US Dollars(billions)                    Percent                                                                                                            of Total                                                                                                              Sales

United States Sales to Developing countries: $151.644bn (69%)Sales to Industrialized countries: $68.964bn (31%)220.608 44%
Russia Sales to Developing countries: $79.078bn (95%)Sales to Industrialized countries: $4.245bn (5%)83.323 17%
France Sales to Developing countries: $27.491bn (66%)Sales to Industrialized countries: $14.469bn (34%)41.96 8%
United Kingdom Sales to Developing countries: $25.869bn (96%)Sales to Industrialized countries: $1.168bn (4%)27.037 5%
China Sales to Developing countries: $17.601bn (99%)Sales to Industrialized countries: $0.207bn (1%)17.808 4%
Germany Sales to Developing countries: $11.046bn (51%)Sales to Industrialized countries: $11.022bn (49%)22.068 4%
Italy Sales to Developing countries: $8.652bn (61%)Sales to Industrialized countries: $5.626bn (39%)14.278 3%
Other European Sales to Developing countries: $26.999bn (56%)Sales to Industrialized countries: $21.26bn (44%)48.259 10%
Others Sales to Developing countries: $19.887bn (74%)Sales to Industrialized countries: $7.222bn (26%)27.109 5%

Perhaps at the forthcoming Climate Change Summit in Paris we should arm all the delegates. As we all seem bent on self-destruction why wait for climate change to start off the wars that are inevitably on the horizon.

To stop Wars,  ” We must take the profit out of war by taking the profit out of arms deals.”

If you are interested here is what is happening to your Planet.

 

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All comments and contributions much appreciated

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