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So far Achyuth Anil has created 3 blog entries.

A critical look at the UK’s Critical Minerals Strategy

The UK has now released its new Critical Minerals Strategy which outlines the prospective domestic and international policy actions that the UK Government will take, or will consider, in its pursuit of critical minerals security. By doing so, the UK joins a host of regions (the United States, EU, Canada, Australia, Japan, African countries) that have emphasised the central role of critical minerals in their trade policies, foreign policies, and green industrial strategies. These regions also published their respective strategic approaches to critical minerals recently. There is a powerful narrative in developed economies regarding the indispensability of critical minerals for national and economic security, seeking to strengthen supply chains and make them more resilient by reducing ‘import dependence’ imports and diversifying international sourcing. Concern over  Chinese, near-monopolistic involvement in critical minerals supply chains, which could be weaponised, provides the main geopolitical context for most of these actions. At the same time, mineral-rich countries, which range from those in the developing world (including African and Southeast Asian countries) to Australia and Canada, are looking to leverage their mineral wealth to secure their own mineral-led industrial futures while exploring the right policy mix to attract investments and provide secure partnerships to access-seeking [...]

Stroking a bear to get half a sandwich

The UK and the US announced the first bilateral post-Reciprocal Tariffs deal on 8 May, named the 'U.S.-UK Economic Prosperity Deal' (henceforth the US-UK EPD). The document published yesterday draws out the contours of this EPD, alongside some concrete initial proposals for reciprocal preferential market access for selected goods. Notwithstanding the negotiations starting immediately, this arrangement can be called off at any time, simply by the two parties giving each other written notice. Besides its symbolic and diplomatic relevance, what is the value of this emerging deal for the UK? This is not a Free Trade Agreement. At first glance, it looks like a quid-pro-quo “mini-deal” of limited economic relevance that the US strong-armed the UK into accepting under the threat of tariffs. The UK is getting some respite from Trump’s tariffs in the (important) car and the (strategic) steel and aluminium sectors, in exchange for lowering tariffs on some agricultural products such as ethanol and beef, the latter on a reciprocal basis. But a closer reading of the ‘General Terms document’ suggests that it is more than this, and a lot worse. First, as stated on page 1 of the text, the arrangement that the US and the UK [...]

The CPTPP does not prevent the UK from aligning its agri-food regulations with the EU.

One reason the UK Government wanted to join a trade agreement consisting of Pacific Rim countries, the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), was to prevent any current and future UK Governments, from undertaking regulatory alignment with the EU. As Lord Frost explained in 2021, ‘…. to do trade agreements with other countries [i.e. CPTPP] you need to have control of your own agri-food and SPS [Sanitary and Phytosanitary] rules”. A UK-EU SPS agreement, which the Labour government has promised to pursue, would likely result in at least some alignment of regulation in SPS areas: human, animal and plant life and health. In these areas, the UK would lose some control over its rules. So, can the CPTPP prevent the UK from concluding an Agreement with the EU? We argue that it cannot. New Zealand conclusively proves that it is indeed possible to be a CPTPP party and also have an EU veterinary agreement. Its EU veterinary agreement reduces the incidence of border checks in a few areas on animal products. However, such a light agreement (New Zealand, which exports few products to the EU and from 18,000 kilometres away) would hardly resolve the border barriers facing UK farmers. So [...]

By , |2024-12-17T11:01:44+00:0017 December 2024|Blog, UK - Non EU, UK- EU|0 Comments
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