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Europe

UK seeks to boost post-Brexit ties with the Americas

“I’m determined that we fire up our economic relationships with non-European partners,” Britain’s Foreign Secretary Dominic Raab said in a statement ahead of his trip to Toronto, Washington and Mexico City.

While the EU is Britain’s biggest trading partner – UK exports to the EU were €314 billion last year and imports from the EU were €374 billion – pro-Brexit campaigners say leaving the bloc will allow Britain to pursue its own new bilateral trade deals around the world.

The British government said Canada, the United States and Mexico collectively represent around €244 billion of annual bilateral UK trade.

[Euractiv]

No-deal Brexit preparation is top priority, Johnson tells officials

British Prime Minister Boris Johnson wrote to all government employees on Friday to tell them that preparing for a no-deal exit from the European Union is his and their top priority, according to a copy of the email seen by Reuters.

“I would very much prefer to leave with a deal – one that must abolish the anti-democratic Irish backstop, which has unacceptable consequences for our country,” Johnson said in the email.

“But I recognise this may not happen. That is why preparing urgently and rapidly for the possibility of an exit without a deal will be my top priority, and it will be the top priority for the Civil Service too.”

[Reuters]

London to prop up business in case of no deal Brexit

Boris Johnson’s government is working on plans for a bailout fund to help companies at risk in the case of a no deal Brexit, the Times of London reported.

According to the newspaper the government has drawn up a secret list of big U.K employers considered the most exposed. Construction and manufacturing are considered the most vulnerable sectors.

Michael Gove, the government minister responsible no-deal Brexit planning, confirmed that ministers were working on a package to help companies at risk.

[Politico]

 

Middle East

Halal certification SOS by businesses following new food import rules by Saudi

According to new rules which will come into effect next month, announced by Saudi authorities all food imports into the kingdom require three certifications.

These are halal, ISO 22000, and hazard analysis and critical control points (HACCP) certifications.

[Zawya]

Waterpipe tobacco, e-cigarettes will come under ‘Marking Tobacco’ as of 1st November in the UAE

Waterpipe tobacco – known in Arabic as ‘Mu’assel’ – and electrically heated cigarettes will also fall under ‘Marking Tobacco and Tobacco Products Scheme’ as part of the second phase effective from 1st November 2019, according to the Federal Tax Authority of the UAE.

‘Digital Tax Stamps’ will be made available for purchase by producers and importers of waterpipe tobacco and electrically heated cigarettes, the Authority revealed, as it held its second awareness workshop in Dubai to introduce them to the Scheme’s procedures and objectives, as well as the timeline for the second phase.

[MENAFN]

 

Africa

African businesses eye UAE for growth, development

Africa has turned into every investor’s favourite investment destination as innovation and growth get embedded deep in the economy. The UAE being strategically located facilitates the same for the businesses to look forward for opportunities and development.

African businesses are keen to start their operations in the UAE and Dubai becomes most sought after as preparations for the mega event Expo2020 Dubai goes in full swing.

The UAE has been a vocal support of the African Continental Free Trade Agreement (AfCFTA) which removes tariffs from 90 per cent of goods and services across the continent, United Nations Economic Commission for Africa (UNECA) estimate that the agreement will boost intra-African trade by 52 per cent by 2022.

[Khaleej Times]