Business & Economy

Turkey slams EU for Libya maritime pact remarks

15 Dec 2019; MEMO: Turkey criticised a European Council decision rejecting last month’s Turkish-Libyan maritime pact, Anadolu Agency reports.

“The European Union has no authority to decide maritime jurisdiction and the EU is not an international court, they cannot give a verdict on the legality of the Libyan agreement,” Foreign Ministry spokesman Hami Aksoy said in a statement.

Turkey Urges More EU Funding For Syrian Refugees

ISTANBUL, Dec 15 (NNN-ANADOLU) – Turkey called on the European Union, to increase funding for Syrian refugees being sheltered on Turkish land.

“As long as the migration crisis is there, we have to continue to cooperate, and we have to work together,” said Faruk Kaymakci, deputy minister of foreign affairs and director for EU affairs.

Iran, Eurasian Preferential Trade Value Exceeds 194 Million USD In Nov

TEHRAN, Dec 15 (NNN-IRNA) – The value of Iran’s preferential trade with the Eurasian countries reached 194.2 million U.S. dollars in Nov, Head of Iran’s Customs Administration, Mehdi Mirashrafi, said.

During the one-month period, Iran exported commodities worth 28.2 million dollars to the Eurasian Economic Union (EAEU) members, while importing 166 million dollars of commodities, through preferential trade, Mirashrafi was quoted as saying.

Iran and the EAEU trade agreement, which had been reached earlier, was implemented on Oct 27.

China delays tariffs on US autos, other goods in trade deal

BEIJING (AP) — China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington.

Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed.

Iran Rules Out Talks On Restoration Of Diplomatic Ties With U.S.

TEHRAN, Dec 15 (NNN-IRNA) – Spokesman for Iran’s Supreme National Security Council (SNSC), played down the likelihood of restoration of diplomatic ties with the United States, through prisoner swap.

Keyvan Khosravi, spokesman for SNSC, said, prisoner swap between Iran and the U.S. is not the start of “any new path” for mutual negotiations.

Khosravi’s comments came, as Brian Hook, U.S. special representative for Iran, said, recent prisoner exchange will lead to a broader discussion on consular affairs between the U.S. and Iran.

India: Tea growers feel pinch of Assam protests, fear less production, sales

Kolkata, Dec 14 (PTI) Tea growers in Assam have started feeling the pinch of the ongoing protests with partial disruption in production at many gardens and sale of the crop at the Guwahati auction centre being hampered, industry insiders said on Saturday.

Transportation of the produce has also been affected due to the ongoing stir, they said.

UAE, Indonesia Discuss Defence Cooperation

JAKARTA, Dec 14 (NNN-WAM) – Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, met with General Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs of Indonesia, to discuss bilateral cooperation and friendship relations between the two countries.

During the meeting – which was held in Jakarta – the two sides exchanged talks on opportunities to further develop cooperation in various fields, with the aim of enhancing the partnership between the two countries.

India’s Trade Deficit Widens To 12 Billion USD In Nov

MUMBAI, Dec 14 (NNN-PTI) – India’s trade deficit widened to 12.13 billion U.S. dollars in Nov, from 11 billion in Oct, the commerce ministry said, on Friday.

Exports contracted for the fourth straight month in Nov, while the decline in imports eased on sequential basis. However, the deficit narrowed compared to last Nov, at 17.58 billion U.S. dollars.

During the month under review, India’s exports were at 25.98 billion dollars, while imports stood at 38.11 billion dollars.

Hezbollah wants everyone in Lebanon government

14 Dec 2019; MEMO: Lebanon’s Hezbollah said on Friday the next government must bring together all sides so that it can tackle the country’s worst economic crisis in decades, signalling no progress in talks on a new cabinet.

"How can a government of one colour tackle a crisis this dangerous?. The crisis requires that everyone stand together."

Hezbollah leader Sayyed Hassan Nasrallah said in a televised speech.

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