#trade pact

[head-post]

EU, Mexico sign landmark trade pact

The European Union and Mexico finalised negotiations to modernise their 2000 Global Agreement, allowing both sides to fight trade dependence and global economic uncertainty.

The modernised agreement, signed on 17 January, provides for increased trade, including the elimination of tariffs on key agri-food products and greater access to government procurement markets. Under the treaty, European farmers will benefit significantly from the elimination of the 100 duty on certain exports.

Mexico, in turn, enjoys better access to its agricultural and commodity exports of asparagus, copper and zinc. The move is expected to reduce dependence on US markets.

The renewed partnership comes at a time when Mexico and the EU are facing potential economic turmoil due to renewed US tariff threats voiced by President Donald Trump. The EU also sees the agreement as an opportunity to ease its reliance on China.

The agreement commits both sides to strict environmental and labour standards in line with global net-zero targets. EU Commission President Ursula von der Leyen welcomed the deal, calling it a victory for economic security and sustainable development. Meanwhile, EU Commissioner for Trade and Economic Security, Maroš Šefčovič, stated that the agreement would “tear down trade barriers.”

The EU’s Global Agreement with Mexico will tear down trade barriers and drive investment, supporting job creation and prosperity on both sides. It will open opportunities and simplify procedures for EU SMEs, make it easier for EU companies to bid for Mexican government contracts, and improve protections for EU investors.

After final legal scrutiny, the agreement awaits ratification by both sides. The pact is expected to strengthen the partnership between Mexico and the EU, as the bloc supplies around €2bn worth of agricultural and food products annually.

Read more HERE

[marathedemonoverlord]

Oh now what the Hell is this?

Hoes you know I ain't coming back I left you on read for like months now (͠≖ ͜ʖ͠≖)(ಥ ͜ʖಥ)

Move on.

[mosswolf]

its all fun and games listening to f@tt while doing household stuff but then INEVITABLY something insane happens and i have to deal with going to work on my report outline with Operant Valence Is Died in my head

[lovinggreeniehours]

2022 / 2024 (+takahara getting eepy)

hi they're getting married in 2 months btw :) if that matters to you

[transvamp]

bg3 fans be normal about wyll and dont instantly discount his trauma challenge.

[soulbeastdragon]

Trying to put together an approx. height ref for myself.

Zyffre standing between his parents, Councillor Ardjin and Magister Luura. Why are you small idiot!

[sporesgalaxy]

ok so you know how in my elaborate dp rewrite with silence alexander, that is constantly teetering on the edge of being its own thing, I wanted to add witches? <- hasnt talked about this in months. well good news I just solved witches

[redtailfins]

Me at midnight every night without fail: surely I will not regret reading 2-3 chapters of Pact right now

[eyes1nthewoods]

I FREED RAVENGARD AND I AHD ASTARION IN MY PARTY NAD AND ANDA NAD AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[internationalnewz]

GTRI Raises Concerns Over Precious Metal Imports Under India-UAE Trade Pact

Introduction

The Global Trade Research Initiative (GTRI) has voiced serious concerns about the surge in precious metal imports from the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). This influx is impacting the domestic jewelry industry and potentially causing significant revenue losses.

Key Issues and Calls for Action

GTRI has called for an urgent investigation into the effects of CEPA, which allows unlimited imports of gold, silver, platinum, and diamonds from the UAE with zero tariffs in the coming years. This policy is expected to shift import business from banks to private traders and replace top suppliers with Dubai-based firms.

Revenue and Industry Impact

The think tank's report highlights that the zero-tariff policy could lead to an annual revenue loss of Rs 63,375 crore due to duty-free imports of gold and silver based on FY2024 import levels. Additionally, it could disrupt the domestic diamond and jewelry industry, particularly with major imports coming through GIFT City, which faces transparency issues.

Current and Future Tariff Changes

Presently, gold can be imported from Dubai at a 5% duty, but this will drop to zero in three years if the alloy contains 2% platinum. Similarly, silver imports from the UAE have surged due to an 8% duty under CEPA, compared to the general 15% duty, creating a significant tariff arbitrage.

Concerns Over Compliance and Money Laundering

GTRI also raised concerns about many imports not meeting Rules of Origin conditions, suggesting potential money laundering. The value addition process for silver imports is particularly questionable, prompting a call for a CAG audit to investigate pre-arranged deals and invoice manipulation.

Impact on the Jewelry Industry

The tariff concessions under CEPA are hurting India’s jewelry industry, with gold jewelry imports from the UAE increasing due to lower tariffs. The zero tariff on cut and polished diamonds under CEPA threatens India’s domestic diamond industry, which benefits from zero duty on rough diamonds and a 5% duty on cut and polished diamonds.

Specific Cases and Recommendations

GTRI founder Ajay Srivastava emphasized the problematic nature of the current situation, where silver bars are imported from Russia and other countries to Dubai, converted into granules, and then exported to India with minimal value addition. This process is raising concerns about meeting the rules of origin requirements.

Conclusion

GTRI's concerns highlight the need for a thorough review and investigation of the India-UAE trade pact to ensure fair import practices, safeguard domestic industries, and prevent significant revenue losses. The government must address these issues promptly to maintain the integrity of the country's trade policies.

[arolesbianism]

I wanna draw all the star bound ppl in the random card au but like over half of them are sekai characters and I cannot have that in my beloved bndori au

[mosswolf]

UM. VALENCE?

[rosykims]

Theres something about making a noble warlock who would be screwed otherwise. It’s delicious

EXACTLY I LOVE USELESS QUEENS <3 lily went for her patron's pact bc she quite literally wouldnt have survived even the trip from the underdark to the surface otherwise 😶 and considering that the scale of her ambitions will also inevitably involve provoking the full wrath of lolth, her natural 17 charisma is just not going to cut it im sad to say :(

[doriansbutt]

gonna make a new if once herculean gets more underway and stuff and it’s gonna be set in like 2008-2010 bc that’s when I originally made these characters and wow I feel old being like ‘Hm yes this is what high school was like way back then’