Brexit:UK leaves the European Union

News:Britain has officially left the European Union(EU) and has become the first country to leave the 28-member bloc. Facts: UK-EU Brexit withdrawal agreement: As part of the withdrawal agreement,there will be a transition period until December 31st,2020. The transitional period is designed to make the separation process smoother and will be used by UK and… Continue reading Brexit:UK leaves the European Union

Bilateral Trade and Investment Agreement needed between India and the European Union:Edgars Rinkevics

News:Latvian foreign minister has said that India-EU trade cannot increase until the Bilateral Trade and Investment Agreement(BTIA) between the European Union and India is negotiated. Facts: About Bilateral Trade and Investment Agreement(BTIA): Bilateral Trade and Investment Agreement(BTIA) is a Free Trade Agreement between India and EU which was initiated in 2007. The negotiations on agreement… Continue reading Bilateral Trade and Investment Agreement needed between India and the European Union:Edgars Rinkevics

6 European nations join Iran barter system

News:Recently,six European countries have joined the barter mechanism called INSTEX which is designed to circumvent US sanctions against trade with Iran by avoiding the use of dollars. Facts: What is INSTEX: The Instrument In Support Of Trade Exchanges(INSTEX) is a payment mechanism set up by the governments of France, Germany and Britain to secure trade… Continue reading 6 European nations join Iran barter system

EU backs Kashmir solution through bilateral dialogue

European Union(EU) has said that the Kashmir issue needs to be resolved through bilateral discussions between India and Pakistan. This statement came after India’s External Affairs minister briefed the EU on the security situation in Kashmir. Recently,India had revoked the special status granted to Jammu and Kashmir under Article 370 of the Constitution and bifurcated… Continue reading EU backs Kashmir solution through bilateral dialogue

Theresa May seeks further Brexit extension from EU until June 30

UK Prime minister has written to the European Union to request a further delay to Brexit until 30 June.The UK is currently due to leave the EU on 12 April and as yet no withdrawal deal has been approved by British Parliament. Earlier,British Parliament had approved a bill that will force UK Prime minister to… Continue reading Theresa May seeks further Brexit extension from EU until June 30

European Union offers UK more time to leave the bloc

The European Union has agreed to grant Britain a short Brexit delay.It removes the immediate threat of the United Kingdom leaving the EU without a deal by March 29,2019. EU has told UK Prime Minister that if she gets her Brexit deal passed through the Parliament next week,the UK PM will have until May 22… Continue reading European Union offers UK more time to leave the bloc