UK to spend $3 billion on munitions, stockpiles as Ukraine war drains reserves

British soldiers with NATO-led Resolute Support Mission forces arrive near the site of an attack in Kabul, Afghanistan, Friday, March 6, 2020. (AP)
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Updated 18 July 2023
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UK to spend $3 billion on munitions, stockpiles as Ukraine war drains reserves

  • The new strategy would include plans for a new Global Response Force to enable forces to “get there first” and an improved “surge capacity” force made up of former soldiers, the government said in a statement before the full report was published

LONDON: Britain will announce on Tuesday plans to improve the combat readiness of its military, including spending 2.5 billion pounds ($3.3 billion) on replenishing munitions and stockpiles that have been depleted by the war in Ukraine.
The war has exposed weaknesses in the British military, including the dwindling reserves of some munitions and a lack of industrial capacity needed to ramp up production quickly as Britain has supplied Ukraine with weapons to use against Russia.
The government said the latest version of its Defense Command Paper would set out the strategy to reshape the size and strength of the armed forces to counter the more immediate threat posed by Russia and the longer-term challenge from China.
The new strategy would include plans for a new Global Response Force to enable forces to “get there first” and an improved “surge capacity” force made up of former soldiers, the government said in a statement before the full report was published.
The defense minister Ben Wallace, who announced at the weekend he will be stand down soon, said the strategy would ensure that Britain remained at the forefront of military capability, and a leading power in NATO.
“We must adapt and modernize to meet the threats we face, taking in the lessons from President Putin’s unprovoked invasion of Ukraine,” he said.
Britain announced earlier this year it would spend an extra 5 billion pounds on defense to take it to about 2.25 percent of gross domestic product this year and next, from about 2 percent previously.
As part of the new defense strategy, the government said it would prioritize investment in science and technology including the use of robotics and laser weapons.
After the United States, Britain has been the second-largest supplier of military aid to Ukraine, contributing 2.3 billion pounds worth of support last year.
Although this is well below what the United States has provided, Britain has in the past been the first country to supply more sophisticated weapons to Ukraine.
Britain sent the first shoulder-launched anti-air and anti-tank weapons to Ukraine in the run-up to the invasion and in February announced it would be the first country to begin training Ukrainian pilots on NATO fighter jets.

 


EU leaders begin India visit ahead of ‘mother of all deals’ trade pact

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EU leaders begin India visit ahead of ‘mother of all deals’ trade pact

  • Antonio Luis Santos da Costa, Ursula von der Leyen are chief guests at Republic Day function
  • Access to EU market will help mitigate India’s loss of access to US following Trump’s tariffs

New Delhi: Europe’s top leaders have arrived in New Delhi to participate in Republic Day celebrations on Monday, ahead of a key EU-India Summit and the conclusion of a long-sought free trade agreement.

European Council President Antonio Luis Santos da Costa and European Commission President Ursula von der Leyen arrived in India over the weekend, invited as chief guests of the 77th Republic Day parade.

They will hold talks on Tuesday with Prime Minister Narendra Modi at the EU-India Summit, where they are expected to announce a comprehensive trade agreement after years of stalled negotiations.

Von der Leyen called it the “mother of all deals” at the World Economic Forum in Davos last week — a reference made earlier by India’s Commerce Minister Piyush Goyal — as it will create a market of 2 billion people.

“The India-EU FTA has been a long time coming as negotiations have been going on between the two for more than a decade. Some of the red lines that prevented the signing of the FTA continue to this date, but it seems that the trade negotiations have found a way around it,” said Anupam Manur, professor of economics at the Takshashila Institution.

“The main contentious issue remains the Indian government’s desire to protect the farmers and dairy producers from competition and the European Union’s strict climate-based rules and taxation. Despite this, both see enormous value in the trade deal.”

India already has free trade agreements with more than a dozen countries, including Australia, the UAE, and Japan.

The pact with the EU would be its third in less than a year, after it signed a multibillion CEPA (comprehensive economic partnership agreement) with the UK in July and another with Oman in December. A week after the Oman deal, New Delhi also concluded negotiations on a free trade agreement with New Zealand, as it races to secure strategic and trade ties with the rest of the world, after US President Donald Trump slapped it with 50 percent tariffs.

The EU is also facing tariff uncertainty. Earlier this month Trump threatened to impose new tariffs on several EU countries unless they supported his efforts to take over Greenland, which is an autonomous region of Denmark.

“The expediting factor in the trade deal is the unilateral and economically irrational trade decisions taken by their biggest trading partner, the United States,” Manur told Arab News.

Being subject to the highest tariff rates, India has been required to sign FTAs with other major economies. Access to the EU market would help mitigate the loss of access to the US.

The EU is India’s largest trading partner in goods, accounting for about $136 billion in the financial year 2024-25.

Before the tariffs, India enjoyed a $45 billion trade surplus with the US, exporting nearly $80 billion. To the EU’s 27 member states, it exports about $75 billion.

“This can be sizably increased after the FTA,” Manur said. “Purely in value terms, this would be the biggest FTA for India, surpassing the successful FTAs with the UK, Australia, Oman and the UAE.”