EU-UK trade talks go on remotely

Construction work continues at the site of a lorry park being built between the villages of Sevington and Mersham, near the M20 motorway near Ashford in Kent, south east England on November 23, 2020, which will have the capacity to hold nearly 10,000 vehicles in the event of a no-deal Brexit. (AFP)
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Updated 24 November 2020
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EU-UK trade talks go on remotely

  • ‘The differences on the level playing field and fisheries remain major,’ sources say

BRUSSELS: British and EU negotiators on Monday resumed talks on their post-Brexit relationship via video-conferencing, with the focus still squarely on dividing up fishing quotas and ensuring fair competition for companies, including on state aid.

Face-to-face talks, suspended last week after a member of the EU delegation tested positive for the coronavirus, will resume in London “when it is safe to do so,” said a source who follows Brexit.

Another source, an EU official, added: “The differences on the level playing field and fisheries remain major.”

These issues are the key obstacles to clinching a new deal to maintain free, frictionless trade between the estranged allies after Britain’s standstill transition out of the EU following Brexit completes at the end of this year.

British newspaper The Sun reported at the weekend that the negotiators were looking at a review clause that would allow a renegotiation of any new fishing arrangement from 2021 in several years’ time.

An EU diplomat, a third source who spoke under condition of anonymity, confirmed that such an idea was under discussion, but added that the bloc insisted on linking it to the overall trade agreement, meaning fishing rights could only be renegotiated together with the rest of trade rules.

“We need to uphold the link between fishing and trade rules, this comes in a package,” said the person.

The EU official stressed that annual renegotiation of fishing quotas was still a no-go for the 27-nation bloc. Fisheries are a particularly sensitive issue for France.

Thierry Breton, the French representative on the European Commission, the EU executive, said last week: “We shouldn’t have in the Brexit deal revision clauses in one or two years, when everything would change again ... We won’t let that happen. We need to give our entrepreneurs predictability.” 


19k ‘Made in Saudi Arabia’ products now reaching 180 markets: industry minister

Updated 35 min 46 sec ago
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19k ‘Made in Saudi Arabia’ products now reaching 180 markets: industry minister

RIYADH: Products carrying the “Made in Saudi” logo have reached 19,000 and are shipped to 180 countries, according to the minister of industry and mineral resources.

In his opening speech at the third edition of the “Made in Saudi” exhibition, Bandar Alkhorayef indicated that the program now includes 3,700 registered national companies.

He noted that the first half of 2025 recorded the highest semi-annual figure for non-oil exports, valued at SR307 billion ($81.8 billion), after total exports in 2024 reached approximately SR515 billion.

The “Made in Saudi” program was launched in 2021 with the aim of strengthening the presence of local products in domestic and international markets and contributing to the growth of the national economy in line with Vision 2030 targets.

The minister highlighted the efforts of the Saudi Exports Development Authority in facilitating the access of national products to global markets.

This has been achieved through the signing of 108 export agreements, the registration of 433 importers on the Saudi Exports platform, and the licensing of nine export houses whose outbound trade has reached 21 countries with a value of SR390 million.

The “Made in Saudi” program is an initiative of the National Industrial Development and Logistics Program. It is managed by the Saudi Export Development Authority, also known as Saudi Exports, a governmental body tasked with increasing the Kingdom’s non-oil exports. 

Saudi Exports developed and is managing the program with the strategic intent of supporting the nation in achieving the objectives of its transformative Vision 2030.

The Authority, through the “Made in Saudi” program, has recently participated as a strategic partner in The Big 5 2025, a leading global exhibition for the construction industry held in Dubai in November. 

Saudi Exports led a delegation of more than 50 construction companies from the Kingdom to the event, which drew over 2,000 exhibitors from more than 165 countries. 

The program also participated as a strategic public sector partner in the National Development Fund’s Momentum 2025 development finance conference in Riyadh in December, reflecting its integral role in Saudi Arabia’s national economic transformation under Vision 2030.

The conference featured over 100 speakers focused on fostering partnerships to expand financing channels, reflecting the NDF’s central role as an enabler and a strategic driver of the national development finance system.