India-EU 'Mother of all deals' trade pact

 Commentary: India-EU’s ‘mother of all deals’ is much more than just a trade pact

The sprawling trade deal sends a positive message in support of rules-based global trade at a time when that appears to be increasingly under strain, says Amitendu Palit from the National University of Singapore.

SINGAPORE: After nearly two decades of stop-start negotiations, India and the European Union (EU) have sealed a free trade agreement (FTA), lavishly described by both sides as the “mother of all deals”.

Formally announced at the India-EU Summit in New Delhi on Tuesday (Jan 27), the trade pact has far-reaching significance – not only for its economic potential as one of the world’s largest common markets, but also the positive message it sends in support of rules-based global trade at a time when that appears to be increasingly under strain.

The sprawling deal also marks a transformative high in India’s once-conservative free trade strategy. CNA

This trade pact is about the most important agreement to be signed in 2026.  It would dwarf the RCEP and all existing trade pacts. Europe would be able to export all its high tech products eg automobiles, 5G network, machinery and AI to India. Oops. Europe has no credible AI. It would be India exporting its world class AIs and AI experts to Europe, train system management experts, Call Centres, top Indian CEOs and bankers, and academics, including all the high tech chips, EVs, solar panels, EV batteries and medicine to Europe.

EU and India will see a dramatic growth in their two way trades. India's GDP could see an exponential rise with its exports to Europe. If Europe were to transfer its advanced technologies to India, India will soon become a technology powerhouse, build its own 5th and 6th Gen warplanes, nuclear propelled aircraft carriers. Tata will be the biggest beneficiary, can transformed from building minicars and motorcycles to build top end Mercedes Benz, BMW, VW automobiles to sell to the world. Oops, I forgot to mention high speed trains, mobile phones and space stations.

India's dream of over taking China to become the number two economic superpower is coming. And with all the industrial expansion, India will no longer need to export its talented manpower. India will need all of them to turn India into a bigger China. And Europe will also benefit from Indian's IT talents and become an AI giant with the help of India.

India is now very high, like being injected with drugs. Well done India. The future is very bright. America and Singapore will have a big problem. No more Indian talents coming.

The American savages are all ready to kill Iranians. What are the Arab and Muslim states doing?

 The American savages are all ready to go, to kill Iranians like going for a hunting party. And lunatic Trump is bragging everyday about how he will wipe out the Iranians, about his B52s and B2s and their deadly weapons.  Did this lunatic understand that he is going to kill thousands of Iranians and the Iranians are human beans, people with a life, with families and loved ones? Probably not. To this lunatic beast, the Iranians are just a number, a statistics, not humans. Killing them is just killing them, nothing to sweat about, no sleepless nights. See how he killed fellow Americans with his ICE brutes? Killing and taking lives are nothing unconscionable to this mad man.

And all the Washington clowns in his savage regime are all for it, including all the senators and congressmen and women from both sides of the aisle. Nothing surprising. It is in the blood of these white savages. Not a single one is cringing or condemning this murderous party. They have been killing coloured people, hundreds of millions of them since the genocide of the Native Red Indians. They have perfected this slaughtering game into a 'respectful and responsible' thing called good or responsible behaviour.

You can say this of the Arabs and Muslims. They were the victims of the American atrocities over generations and have been tamed not to resist anymore. Some even chose to collaborate with the evil Americans to kill their own kind just to save their own skin. Would this time be different? Would the Arab and Muslim leaders stick their necks out to tell the American savages to stop the killing?

Officially, it has been reported that the Arab and Muslim states in the region had told the Americans not to use their territories or bases in their lands as staging platforms to kill Iranians. The Iranians have also informed the Arab and Muslim states that they would strike the American bases and assets if they were used to kill them. 

There seems to be a change of mind of the Arab and Muslim states and an understanding with the Iranians that they would not be on the American sides to kill them. But do the Americans care? Do the Brits and Israelis care? It has been reported all over the media that the American and British, maybe Israelis, have moved their military assets into bases in Kuwait, Iraq, Jordan, Saudi Arabia, Qatar, UAE etc etc, landing their warplanes and foot soldiers as well. Whether the Arab and Muslim states like it or not, objected or not, they cannot do anything. They cannot stop the Americans and gangs from using the military bases.

Then what? When the Americans and Brits start to attack and kill Iranians from these bases in Arab and Muslim states, would it mean the Arab and Muslim states are de facto accomplices of the Americans and Brits? Very likely, if they wanted to be neutral or at least not be seen as helping the Americans and Brits to kill their Muslim brothers and sisters in Iran, they would just let the Iranians do what is necessary, to burn these bases to the ground. That is the best they can do. The evil Americans and Brits have no respect to the sovereignty and territorial integrity of the Arabs and Muslims. They don't respect the Arabs and Muslims. And the Arab and Muslim states know this. They have resigned to their fate, that they are de facto colonies of the American Empire, always under the control of the white men.

Think Iranians know the pathetic state of the Arab and Muslim states and will just attack the American bases with tacit consent from them. Hope the Jordanians would not be ordered by the Americans and Israelis to intercept and attack Iranian air assets. When the Americans, Israelis and Brits are out to destroy Iran and kill Iranians, there is no difference if the Iranians hit back with all they got or refrain from hitting too hard. It is an existential crisis for the Iranians. They should just let go at all the big cities in Israel, military bases and nuclear plants. When the attackers are not going to show mercy to the Iranians, why is there a need to show mercy to them? Make them cry, make them weep, make them feel the pain, let them suffer as much as the Iranians. You kill me, I kill you.

Singapore China relations

 Long ago when LKY and Teng Siao Ping are on the Best of Relations, China out of goodwill and reciprocity allowed our SAF to train and also joined Military Exercises with the Taiwanese as they knew our Dire environment at that time with instabilities in our region and also our lack of land mass for Military Exercises and training.

Also KMT was in charge!

Then when the DPP took over China still turned a blind eye as LKY was still around and Relationships were still cordial.

The next few successors after LKY were questionable as they leaned too much to the UAssA and China were also facing tense Relations with the UAss.

Worse they were also more "chiao gay" against China and in a way antagonise China.

Then still took for granted that China is still okay with our joint exercises with the Taiwanese as now the DPP is also more aggressive against China.

The worse is that we also have our own kuching kurap Military Wares and thought we could like the Americunts made some sales with them in the World's Market.

So we even despatched them to the Taiwanese soil and have joint exercises with them.

To the PRCs, it meant that in your exercises, definitely there would be sorts of attacks and defend scenarios and in a way you are also collaborating with the Taiwanese the Military tactics in case of Wars the Art of war killing our soldiers.

Worse with your Military Wares if brought by the Taiwanese.

So still like the Americunts thought that the situation is still status questionable and not aware or pretended Not to know of any unhappiness or not by China.

So, China to show their unhappiness just simply seized Sinkeland's Military Scraps in HK to signify their unhappiness.

China still leaves a leeway for Sinkieland to have this slap lesson by having them seized in HK rather than in their China's ports prior to HK.

As HK had their jurisdictions more or less the Western Administration whist theirs in China is different.

The outcome of the seizure in the China's Courts of Laws may be harsh and then severed the Relationships with us totally.

Whilst in HK may be just some penalties and warnings etc.

So Sinkeland's Leaders should wise up and not took for granted that we
Could be excused of been naive.

Actually frankly in Shipping Practices transshipment cargoes not meant for discharged or transshipped from any other ports of calls does not really need to declare for that particular port of call.

But China purposely took the opportunity to simply said that you have not the declared the said Military Wares on board.

They knew that prior before to HK then back to Singapore the ship called at Xiamen or Dalian.

So we are let off with fines.

In China's ports think Confiscations

They don't want to burn bridges.

Also that vessel is APL American President Line which China seen as an eyesore.

The cargo could be seen on board as these are U/C aka Uncontainerised cargo that could not be under the hatches.

So this guy as usual you know the shits stirrer of Western Vultures, oops Cultures and Superiority wanted to stir some shits of wedges between Sinking Land and China.

Virgo49

Rupee falling, Yuan rising. Yuan can appreciate more as China is pricing its goods too cheaply

The Indian rupee is in deep shit. While other global currencies are strengthening against the US$, India's rupee is going in the opposite direction. Unless India can become an industrial powerbase like China, with an export-oriented economy, a weak currency is detrimental, especially having to pay, for example, for energy imports.

There are of course pros and cons regarding currency strengths and weaknesses. China as a net exporter of goods cannot allow the Yuan to appreciate too strongly that will make its exports more expensive for others. China is today the biggest exporter of goods, being the factory of the world, and showing a US$1.2 trillion trade surplus. China would prefer to keep a weaker Yuan, which the USA is not happy about. In fact, the Chinese Yuan is very much undervalued than what it is officially today and the USA has long complained about China keeping the Yuan too weak.

For countries like USA (and also India), which does not depend on massive exports of goods, with its manufacturing base already outsourced to other countries, this is one reason it suffered such a huge deficit against China, and a weak currency makes no sense, besides making imports more expensive. For the USA, tariffs are nevertheless already curtailing imports which may make the current position of a weak currency tenable for the time being. But the problem of the USA is that such curtailment forces businesses like retailers finding it impossible to do business going forward without relying on cheap imports.

The USA is in an era of the Government undoubtedly and unknowingly using 'scorch earth' tactics against its own farmers resulting from its trade war against China, retailers getting gutted by tariffs and other entities in the USA providing research, education and businesses getting starved of foreign talents that serves them well in the past.


Anonymous

America is ruled by a circus of misfits and cheaters

Scott Bessent tried to pull a fast one on Canadian PM, Mark Carney, claiming that he walked back on his speech in Davos over a phone call with Trump. Carney denied all the allegation, which means he is sticking to his views.

The USA's modus operandi had and has always been making frivolous claims without basis and sticking on to it and then blaming the other party for not honoring the deal, when no deals were actually done, just basically providing channels for further negotiations. Those meetings with China in the past were examples of USA claiming done deals that were never the case.

I thought former USA Secretary of State, Anthony Blinken was a sleasebag, but Scott Bessent really puts him in the shade. The lies that Bessent manufactured and speaking in front of the camera were absolutely morbid, horrendous and ridiculous. Which is why he can be chosen as Secretary of State in Trump's administration, a gathering of misfits. About his credentials as a successful hedge fund manager/owner losing all the US$5 billion investments is about as credible a person to trust, and comparable only to Trump's six bankruptcies. How the hillbillies could consider Trump as a good President is beyond belief and could only happen in USA.

In Singapore, a person convicted of an offence and fined US$10,000 cannot stand for election. Trump's bankruptcies probably border on fraud due to its recurrence, which must be considered as 'exceptional' talents in the USA. Little wonder some people, including our old man, commented that the West can never elect good leaders into office. Some even compare the USA as a circus, allowing clowns to rule the country.


Anonymous