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competition success review

Monday, 16 January 2017

Canada walks out of trade talks with 'incapable' EU

Canada on October 21, 2016 walked out of free trade deal talks with the European Union in Belgium. The agreement, the EU's first with a Group of Seven country, would, according to supporters, increase trade between the partners by 20 percent.

Canadian trade minister Chrystia Freeland walked out of talks, declaring that the EU was incapable of sealing the deal. All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without. backing from its five sub-federal administrations, and French-speaking Wallonia, one of Belgium's three regions, has steadfastly opposed it.

             

  Philippine President announces separation from US

Philippine President Rodrigo Duterte announced his "separation" from the US on October 20, 2016, saying he had realigned with China as the nations agreed to resolve their territorial row through talks.

Duterte made the comment at a business forum in the presence of Chinese Vice Premier .Zhang Gaoli at Beijing's Great Hall of the People-during a four-day state visit to China. Duterte has previously said the Philippines would stop joint military exercises with the US, and he opposes joint patrols with the US Navy in the South China Sea.

                                            Chinese President visits Bangladesh

Chinese President Xi Jinping on October 14, 2016 signed loans and investment deals with Bangladesh worth about $20 billion, seeking to increase Beijing's influence in a country closely allied to India. The two countries signed 27 agreements during Xi's trip.

The loan agreements from Beijing, which will fund key infrastructure projects such as roads and railways, totalled around $20 billion. This goes far beyond the $2 billion credit line Modi announced for Bangladesh on a visit to Dhaka last year. Bangladesh and China have also identified other projects, whose total loans and investment will surpass $50 billion. Both sides had also agreed to look into a freetrade agreement.

   
Impoverished Bangladesh needs billions of dollars of investment in its transport infrastructure and energy production to boost its flagging economic fortunes and create jobs for its 160 million people. But analysts said Hasina would have to maintain a careful balancing act between cultivating economic ties with China, already the country's largest trading partner with an annual turnover of around $10 billion (heavily in favour of Beijing), and maintaining good relations with India.
                                   
 Russia ratifies deal on 'indefinite' Syria deployment

Russian President Vladimir Putin on October 14, 2016 approved a law ratifying Moscow's deal with Syria to deploy its forces in the country indefinitely, in a move seen as firming their long-term presence.

The agreement, signed between Moscow and Damascus in August 2015, allowed Russia to establish its Hmeimim airbase to launch operations iri support of ally President Bashar al-Assad's forces.


                                             
  US lifts economic sanctions on Myanmar 

President Barack Obama on October 7, 2016 lifted US economic sanctions on the former pariah state. of Myanmar, the, culmination of years of rapprochement that Obama has worked to facilitate.

The Southeast Asian nation, also known as Burma, has pursued political reforms over the last five years following' decades of oppressive military rule.

Finland, US ink defence deal
Finland and the United States on October 6, 2016 signed a bilateral defense cooperation pact pledging closer military collaboration at the time when the Nordic country is increasingly concerned over Russia's activities in the Baltic Sea region.

While Washington and Helsinki already closely cooperate through joint military drills on air, land and sea, the non-legally binding pact seeks to deepen the ties through information exchange, joint research and evelopment in areas like cyberdefense and training among other things.

Russia suspends plutonium deal with US

Russian President Vladimir Putin on October 3, 2016 suspended a treaty with the US on cleaning up weapons-grade plutoniumon, signalling he is willing to use nucleardisarmament as a new bargaining chip in disputes with the US over Ukraine and Syria.

Starting in the last years of the Cold War, Russia anc the US signed a series of accords to reduce the size of their nuclear arsenals, agreements that have so far survive( despite a souring of US-Russian relations.

But on October 3, Putin issued a decree suspending ar agreement, concluded in 2000, which bound the two sides to dispose of surplus plutonium originally intended for use in nuclear weapons.

Cuba, Russia ink pact on nuclear cooperation

Cuba and Russia on September 27, 2016 signed ar agreement on cooperation in the field of peaceful atomic energy use on the sidelines of the International Atomic Energy Agency (IAEA) General Conference in Vienna. The deal lays the basis for further Russian-Cuban cooperatior in different fields of peaceful atomic energy use, from agriculture to training nuclear specialists.

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