Tag Archives: trade

Iran’s exports to African trade partners up 350% in a quarter

Iran’s exports to its African trade partners in the first three months of the current Iranian calendar year (March 20-June 20) has increased by 350 percent in terms of value, said the Director-general of Trade Promotion Organization (TPO)’s Office of Arabian and African Countries, Trend reports citing IRNA.

According to Farzad Piltan, the weight of exports, however, went up by 144 percent in the mentioned three months.

Piltan added that in the same period, Ghana with $ 151 million, Algeria with $ 58 million, South Africa with $ 32 million, Tanzania with $ 25 million, and Nigeria with $ 18 million were in 1st to the fifth row of Iranian exports among African countries.

Sudan, with less than $ 17 million, Kenya topped $ 14.5 million, Ivory Coast with $ 12 million, Somalia with $ 4 million, Somalia with around 1 million and $ 500 thousand were in sixth to 10th of Iran’s exports among African countries, Director-general of Trade Promotion Organization (TPO)’s Office of Arabian and African Countries said.

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This post originally posted here Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Knicks trade rumors: New York ‘most aggressive’ after Cavaliers guard Collin Sexton

Go east, young man.

After a surprisingly good regular season but a disappointing first-round trouncing by the Hawks, the Knicks are looking to retool their roster heading into the 2021-22 season — and that could come by way of Cavaliers guard Collin Sexton.

The Athletic’s Shams Charania reports that the Knicks are the “most aggressive” trade suitor for Sexton. The Athletic’s Jason Lloyd recently reported that Sexton is, in fact, “very available.”

MORE: What the 76ers want in exchange for Ben Simmons

Sexton is coming off his best offensive season in the Association, averaging 24 points per game on over 47 percent shooting from the floor, and would certainly fit the Knicks’ need for good guard play and help the lack of offensive production in their rotation.

The Knicks have been looking for a long-term answer at starting point guard seemingly since Methuselah walked the Earth. New York got a promising effort from Derrick Rose after trading for him this past season, but Rose is a free agent.

That leaves New York with Immanuel Quickley, Frank Ntilikina and incoming Argentinian Euro hoops star Luca Vildoza as potential options to start next season. That, of course, is not the most encouraging group, and Sexton would be a clear and obvious upgrade over the pack.

Sexton enters the 2021-22 season with one year left on his rookie deal, and it’s unlikely that Cleveland would offer him a rookie max deal. The Knicks have also been rumored to be doing “homework” on star Trail Blazers guard Damian Lillard. 

Armed with ample trade capital in the coming years and a few young assets they could part with, the Knicks do have the ability to pull off a trade of this nature.

Now we’ll wait to see whether Cleveland bites.

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This post originally posted here usnews

News: Balearic move to amber list throwing travel trade into chaos

The UK government has updated its travel lists, with the Balearic Islands moving to the amber list from Monday morning.

The destination, which includes Ibiza, Majorca, Menorca and Formentera, has seen a sharp increase in cases of Covid-19 in recent days.

Cuba, Indonesia, Myanmar and Sierra Leone will be added to the red list from 04:00 on Monday.

Visitors who have departed from or transited through these countries and territories in the previous ten days will be refused entry into England.

Only British and Irish citizens, or those with residence rights (including long-term visa holders), will be allowed to enter and must stay in a government-approved facility for ten days.

But it is the Balearic Islands, which were only added to the green list at the end of June, that are causing the most concern for the travel sector.

An ABTA spokesperson said: “The decision to move the Balearic Islands to the amber list is a step back for the travel industry.

“Thousands of travel jobs and businesses are in desperate need of a successful summer season, and this further emphasises the urgent need for tailored financial support for a sector that has struggled to make any meaningful revenue for almost 18 months now.”

However, from Monday, fully-vaccinated travellers returning to England, Scotland and Wales from amber list countries will no longer need to self-isolate or take an additional test on day eight.

It is hoped this will minimise the disruption for vaccinated holidaymakers, but quarantine for non-vaccinated travellers remains a significant obstacle.


The ABTA spokesperson added: “Consumer confidence is essential if the industry is to trade its way out of this crisis, so the government must be more transparent about the criteria being used to move countries between the green, amber and red lists to allow travel businesses and customers alike to plan ahead.

“The government also needs to continue to capitalise on the successful vaccine rollout by expanding the green list in line with scientific evidence and reducing the need for and cost of testing, which is a significant barrier to travel for many people.

“Sufficient border control resource must also be provided at our ports and airports to help make travel as smooth as possible.”

Also today, Bulgaria and Hong Kong were added to the green list and Croatia and Taiwan to the green watchlist, meaning passengers arriving in England after 04:00 on Monday will no longer need to quarantine on arrival.

Croatia and Taiwan have been added to the green watchlist in recognition that these countries and territories are at risk of moving from green to amber.

Before travelling to England, everyone needs to take a pre-departure test and complete a passenger locator form regardless of where they are coming from.

If arriving from a green list destination, travellers will also be required to take a day two PCR test.

Arrivals from amber list countries and territories who are not fully vaccinated will need a day two and day eight test, and to quarantine for ten days.

The test to release scheme remains an option for non-fully vaccinated travellers returning from amber countries and territories to shorten their quarantine period.

Virginia Messina, WTTC senior vice president, said: “This will throw summer holidays into disarray for tens of thousands of people.

“Businesses given the lifeline of holidays to the Balearics will also be left floundering as bookings collapse and customers clamour for refunds, piling on further financial pressure.

“There may be some good news with Croatia and Bulgaria moving up the scale and being added to the green list.

“But the overall impact is one of confusion, which will only deter more Brits from holidaying abroad as the summer season slips away.”

More Information

See the latest green, amber and red lists here.

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This post originally posted here Breaking Travel News

UK signs trade deal with Norway, Iceland and Liechtenstein

Britain’s government said it signed a free trade deal with Norway, Iceland and Liechtenstein on Thursday, its latest post-Brexit trade agreement. The signing of the deal on Thursday followed an agreement in principle reached last month by the four countries.

The deal would help sectors including digital, financial and professional business services and cut tariffs for British exports, boosting a trading relationship worth £21.6 billion last year, the trade ministry said in a statement. 

“Norway, Iceland and Liechtenstein have gone further with us than any other FTA partner, including new cutting-edge digital provisions to enable slicker trade across our borders,” UK’s International Trade Minister Ranil Jayawardena said.

The UK is Norway’s top trading partner outside the EU, and in terms of their overall trade volumes, this deal is more significant for Norway and Iceland than it is for the UK. 

At the same time, as London is no longer part of the European Common Fisheries Policy, it must deal directly with Oslo and British fishing fleets are keen to have access to the country’s sub-Arctic seas.

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This post originally posted here The European Times News

‘Stop kidding ourselves’ Joanna Lumley pressures Boris to use Brexit to ban ‘awful’ trade

Such force-feeding has been banned in Britain for 15 years. Now that the UK has left the EU, the Government is considering whether “any further steps” could be taken stop foie gras produced this way in other countries being imported and sold here. Absolutely Fabulous star Ms Lumley, who is famed for her successful campaign to win Gurkha soldiers the right to settle in the UK, urged ministers to press on and take action.

She said: “Please turn your back on this awful cruelty, and support a ban on foie gras in our country. It’s time we stopped kidding ourselves about our food and its origins.“

The National Union of Farmers also supports a ban on such foie gras imports.

James West of Compassion in World Farming said: “The cruel production method – which involves force-feeding ducks and geese so intensively that their livers become diseased and enlarged – is already prohibited in numerous countries, in the EU and beyond. As the UK is no longer constrained by EU laws on the movement of goods, and recognising the inherent cruelty associated with this production, the UK Government should go further and prohibit the import and sale of this product once and for all.

“We have no doubt such a move would be widely supported by the British public, many of whom simply can’t understand how this inhumane food can be allowed on British plates.”
Green Party MP Caroline Lucas has pushed for a timetable for a ban on its import and sale.

She told the Sunday Express: “Britain prides itself on being a nation of animal lovers and we even have a Bill before Parliament which recognises animals as sentient beings. If we really care about animals, we need to ban foie gras because the way geese are treated causes undeniable pain…

“It should be banned, once and for all.”

Environment minister Victoria Prentis acknowledged that Brexit had created new opportunities for Britain to protect animal welfare.

She said: “The Government has made clear that the production of foie gras from ducks or geese using force feeding raises serious welfare concerns… Whilst a member of the EU, we were subject to rules regarding the movement of goods within the EU market.

“Now that our future relationship with the EU has been established, we are able to take further steps where there is clear evidence of low welfare standards. We are now considering any further steps that could be taken in relation to foie gras that is produced overseas using force feeding practices, such as restrictions on import and sale.”

Jordan, Israel agree to water deal; more West Bank trade

Israel and Jordan reached a deal on Thursday for the Jewish state to sell an unprecedented amount of water to the kingdom, while significantly boosting Jordanian exports to Palestinians in the occupied West Bank.

The agreements, concluded during a meeting between their foreign ministers, signaled improved relations with Israel’s new government following years of strained ties under former Prime Minister Benjamin Netanyahu.

Water resource cooperation has been a core issue between Israel and Jordan since a 1994 peace deal, but relations between the neighbours have frayed in recent years.

At a meeting held just inside the Jordanian border, Israeli Foreign Minister Yair Lapid and his counterpart Ayman Safadi approved Israel’s sale of 50 million cubic metres of water to its neighbour.

An Israeli official said that would effectively double the supply for the year – measured between May 2021 and May 2022 – as about 50 million cubic metres was already being sold or given to Jordan. A Jordanian official said Israel gives the kingdom 30 million cubic metres annually under their 1994 peace treaty.

Statements from both governments confirmed the sale and said the final details of the transaction would be concluded in the coming days.

Gidon Bromberg, Israeli director for EcoPeace Middle East, a leading organisation on regional water cooperation that operates in Israel, the West Bank and Jordan – described the water sale as “the largest quantity ever sold between the two countries”.

“[It] is a true ‘watershed’ event,” said Bromberg.

“It represents an understanding of mutual interests and how countries in the region need to cooperate if we are to survive the tremendous challenges to water and national security that the climate crisis presents.”

Jordan is one of the world’s most water-deficient countries and experts say the country, home to 10 million people, has been grappling with one of the most severe droughts in its history.

Israel, which also faces water pressures, is a world leader in desalination.

Palestinian trade

On Palestinian trade, both sides confirmed that Jordan’s ceiling of potential exports to the West Bank, a territory occupied by Israel since 1967, would increase from about $ 160m to $ 700m per year.

Jordan’s top envoy said in a statement that he and Lapid also discussed a path towards “a just and comprehensive peace” between Israel and the Palestinians.

“The Kingdom of Jordan is an important neighbour and partner,” Lapid said. “We will broaden economic cooperation for the good of the two countries.”

Jordan said technical teams will iron out the details in the coming days, and talks on implementing the export ceiling will be held among Israeli, Jordanian and Palestinian officials.

Amman visit

Meanwhile, Israeli media reported on Thursday that Prime Minister Naftali Bennett visited Jordan secretly last week and met with King Abdullah II at his palace in Amman.

This was reportedly the first meeting between the king and an Israeli prime minister in more than five years.

Palestinian sources said that Palestinian Authority President Mahmoud Abbas met with King Abdullah after his meeting with Bennett, reported Haaretz.

Bilateral relations grew strained under Netanyahu, who was barred from using Jordanian air space earlier this year, thwarting what was supposed to be his first-ever trip to the United Arab Emirates.

Netanyahu was replaced last month by Bennett, whose coalition has indicated that warming ties with Jordan is a foreign policy priority.

Israel and Jordan made peace in 1994 and maintain close security ties, but relations have been strained in recent years over Palestinian tensions at the Al-Aqsa Mosque compound, Israel’s expansion of Jewish settlements in war-won lands, and the lack of any progress in the long-moribund peace process.

Both Jordan and the Palestinians were adamantly opposed to the Trump administration’s Middle East plan, which would have allowed Israel to annex up to one-third of the occupied West Bank. Israel captured East Jerusalem and the West Bank from Jordan in the 1967 war, territories the Palestinians want as part of their future state.

The announcements came days before Jordan’s King Abdullah II is to visit the White House. The Biden administration has called on all sides to take steps that could help lay the groundwork for a resumption of possible peace talks.

Read more here >>> Al Jazeera – Breaking News, World News and Video from Al Jazeera

Patriots WR N’Keal Harry requests trade

Cameron Hogwood

Interviews, Comment & Analysis @ch_skysports

The agent of New England Patriots wide receiver N’Keal Harry has announced the 2019 first-round Draft pick has requested a trade from the organisation.

Last Updated: 06/07/21 8:08pm

New England Patriots wide receiver N'Keal Harry is looking to kickstart his NFL career elsewhere

New England Patriots wide receiver N’Keal Harry is looking to kickstart his NFL career elsewhere

New England Patriots wide receiver N’Keal Harry has formally requested a trade as he seeks a change of scenery after enduring a stuttering start to life in the NFL. 

Harry’s agent Jamal Tooson released a statement on Tuesday outlining his belief that the 2019 first-round Draft pick required a “fresh start” ahead of training camp, which is due to get underway later this month.

“For the past several months, I have been working in cooperation with the Patriots behind the scenes to put a plan in place to allow N’Keal to thrive in New England,” said Tooson.

“Through two seasons, he has 86 targets, which obviously hasn’t met the expectations the Patriots and N’Keal had when they drafted a dominant downfield threat who was virtually unstoppable at the point of attack in college.

“Following numerous conversations with the Patriots, I believe it’s time for a fresh start and best for both parties if N’Keal moves on before the start of training camp. That is why I have informed the Patriots today I am formally requesting a trade on behalf of my client.

“N’Keal understands a key ingredient to production is opportunity. He will continue to work hard to develop and refine his craft after missing a large portion of his rookie year to injury. His draft-day expectations for his NFL career have not changed. We are confident success is just around the corner for him and will aggressively pursue it.”

Harry endured a disrupted rookie year in New England as he spent the first two months of the season on injured reserve with an ankle problem he picked up in training camp, limiting him to 12 catches for 105 yards and two touchdowns in seven games.

Hopes of kicking on in 2020 were dealt another obstacle when Tom Brady’s departure after 20 years paved the way for a new-look offensive scheme under Cam Newton. And while Harry managed to show flashes of progress, he saw out the year with just 33 receptions for 309 yards and two scores in 14 games, only nine of which were starts.

The Patriots sought to bolster their receiving options during free agency, acquiring a new-look tight end tandem of Jonnu Smith and Hunter Henry as well as signing wide receivers Nelson Agholor and Kendrick Bourne to add to 2019 undrafted free agent Jakobi Meyers, who led New England with 59 catches for 729 yards last season.

On the surface Harry’s chances of asserting himself as a primary weapon looked slim, the questions now being of his trade value, who might be in the market for a receiver and of course how prepared the Patriots will be to part with him.

Author: Cameron Hogwood
Read more here >>> SkySports | News

EU trade sees RECORD drop due to Brexit transition and 'practical difficulties' – data

Trade figures have shown a record drop in exports and imports to and from the European Union from December 2020 through to January 2021, with the cause partially blamed on the Brexit transition period. Data from the Office for National Statistics (ONS) has shown the record plunge in trade, but the ultimate cause may be more complicated.

From December 2020 through to January 2021, the EU’s exports from the UK declined by a staggering 40 percent.

Imports were not far behind, decreasing by 28.8 percent in the same time frame.

Trade outside of the EU also saw a drop, but by significantly less at 12.7 percent for imports.

And exports from non-EU countries actually gained 1.7 percent, despite the difficulties thrown up by the coronavirus pandemic.

Read More: Brexit breakthrough: UK and EU agree huge pact in business boost

In November and December, the ONS reported seeing “increasing imports and exports of goods…These increases were consistent with potential stockpiling of goods from the EU in preparation for the end of the EU exit transition period.”

These increases were also seen in the lead to the two previous Brexit deadlines in 2019.

While the transition period may have seen trade decrease, the start of lockdown at the start of January could also have contributed.

The reason behind the decrease could be blamed on several factors, but the Brexit transition period has been partially to blame say experts.

What do you think? Have your say in the comments here.

Samuel Tombs, the chief UK economist at the consultancy Pantheon Macroeconomics said: “Brexit is best seen as a slow puncture, rather than a sudden blowout, with the costs gradually accumulating in the form of lower investment and immigration than otherwise would have been the case.”

Suren Thiru, the head of economics at the British Chambers of Commerce, said: “The practical difficulties faced by businesses on the ground go well beyond just teething problems and with disruption to UK-EU trade flows persisting, trade is likely to be a drag on UK economic growth in the first quarter of 2021.”

There have been several reports into the disruption to trade at the start of the year.

However one unknown remains as to whether the decline will continue, or start to pick up once the ‘Brexit hangover’ has eased.

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The ONS said its own ‘Business insights and impact on the UK economy’ data which suggests these “teething problems” have already begun to ease, with figures showing signs of trade starting to increase.

The ONS writes: “BICS data report that, of currently trading businesses that have reported challenges at the end of February 2021, the largest proportion of businesses’ reported main cause of challenge was the end of the EU transition period.

“This has risen from mid-December 2020. In contrast, those reporting the coronavirus as their main challenge fell over the same period.”

While the EU has seen a huge decline, imports and exports between China and the UK have soared.

Professor Dr Stefan Stein, Founding President and Professor for International Business Management at GISMA Business School told Express.co.uk: “If imports and exports are taken together, China has become the EU’s largest trading partner and has overtaken the USA in 2020.

“The USA under Trump, the trade and other conflicts have done more harm than good.

“It will take the new administration quite some time to fix the damage, while China develops from an even more powerful position.”

And Brexit has played a big impact when it comes to the UK. Professor Stein said: “In the concert of the big players, the United Kingdom has minimised itself with its self-imposed Brexit. Success stories look different.

“One noticeable consequence of Brexit is the decline in investment and the shortage of workers.

“While the UK and the EU are in a sausage war over the control of meat products, China is the economic nation that has come through this global economic crisis best.

“In the economic upswing that is now following, China’s starting position is particularly good.

“The coffers of the Chinese are full, we will see investment activity increase in the UK and Europe and elsewhere on this planet where others cannot even follow due to the consequences of the crisis and lack of own strategy.”

This post originally appeared on Daily Express :: World Feed

Rule, Britannia! Boris approves £200million Brexit trade flagship – ‘Powerful symbol’

Boris Johnson: Commentator backs PM to win next election

The vessel will be used to host trade fairs, ministerial summits and diplomatic talks as the UK seeks to build links and boost exports following Brexit. It will be the first national flagship since Britannia, which was decommissioned in 1997.

However, the new vessel will be a ship rather than a luxury yacht.

Boris approves £200million Brexit trade flagship

Boris Johnson said the new flagship would advance his Global Britain vision (Image: GETTY)

A name for the vessel has not been announced, although the Prime Minister is already facing pressure from campaigners and Tory MPs to call it after the Duke of Edinburgh, who played a role in designing Britannia.

The Government intends to build the ship in the UK, at a reported cost of up to £200 million.

Prince Philip, the Duke of Edinburgh

Prince Philip, the Duke of Edinburgh (Image: GETTY)

Mr Johnson said: “This new national flagship will be the first vessel of its kind in the world, reflecting the UK’s burgeoning status as a great, independent maritime trading nation.

“Every aspect of the ship, from its build to the businesses it showcases on board, will represent and promote the best of British – a clear and powerful symbol of our commitment to be an active player on the world stage.”

The announcement of the vessel comes at the end of a difficult week for the Prime Minister, which has seen him savaged by former chief adviser Dominic Cummings, who claimed the Government was responsible for tens of thousands of needless deaths during the coronavirus pandemic.

READ MORE: EU shooting itself in foot with project – MEP breaks cover

Royal Yacht Britannia

Royal Yacht Britannia, pictured in 1957 (Image: GETTY)

He has also faced claims that his past comments about burka-wearing women had contributed to an impression that the Conservative Party is “insensitive to Muslim communities”.

And the ministerial sleaze watchdog said he was “unwise” to allow the refurbishment of his Downing Street flat to go ahead without “more rigorous regard for how this would be funded”.

Construction of the new ship is expected to begin as soon as next year, and it will enter service within the next four years.

The tendering process for the design and construction of the vessel will launch shortly, with an emphasis on showcasing British design expertise and the latest innovations in green technology.

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Dominic Cummings

Dominic Cummings speaking to MPs on Wednesday (Image: GETTY)

Boris Johnson

Boris Johnson said the vessel would showcase the best of British (Image: GETTY)

The ship will be crewed by the Royal Navy and is expected to be in service for about 30 years.

The Global Britain strategy is set on the Government’s website.

A statement published in 2019 explained: “The UK has always taken a leading role in responding to global challenges and in making the most of opportunities for our country.

“However information and influence are dispersed and contested amongst many more actors, both state and non-state.

Brexit Express

Brexit in Express front pages (Image: Express)

“This, and the pace of change in an ever more challenging global environment, inevitably have a significant impact on how the UK government projects influence and protects its national interests.”

It added: “The shifting global context, a new relationship with Europe, and the need to deliver more with finite resources, requires us to evolve and enhance how we achieve our goals.

“We need to use government assets more cohesively and efficiently to maintain our global standing.

“Global Britain is about reinvesting in our relationships, championing the rules-based international order and demonstrating that the UK is open, outward-looking and confident on the world stage.”

Dominic Raab

Dominic Raab, the Foreign Secretary (Image: GETTY)

Speaking in the Commons last year, Foreign Secretary Dominic Raab said: “As we enter this decade of renewal, the government will engage in a thorough and careful review of the UK’s place in the world.

“We will strengthen our historic trading ties, as we leave the EU, whilst boosting UK competitiveness by tapping wider global markets.

“We want strong trade with our existing EU partners, they are important and valuable as a market for us – I don’t think that anyone doubts that.

“And we are making good progress in paving the way for our first round of future free trade agreements with the rest of the world.”

This post originally appeared on Daily Express :: UK Feed