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INTERNATIONAL AFFAIRS - May 2017

May 2017

Sep 23, 2018

Saudi Arabia to Join the China-Pakistan Economic Corridor

Pakistan has said that Saudi Arabia has agreed to join the China-Pakistan Economic Corridor and invest in its infrastructure and industrial projects.
The agreement was reached during Prime Minister Imran Khan's meetings with the Saudi leadership during his recent visit to Riyadh.
Saudi Arabia plans to send a high-level delegation, including the ministers of finance and energy, to Pakistan in the first week of October.

Vatican Announces Historic Deal with China

The Vatican announced a historic accord with China on the appointment of Bishops in the Communist country as Pope Francis recognised seven Beijing-appointed Bishops in a move that could pave the way for a rapprochement between the Catholic Church and the world's most populous country.
There are an estimated 12 million Catholics in China divided between a government-run association whose clergy are chosen by the Communist Party and an unofficial church which swears allegiance to the Vatican. The Vatican has not had diplomatic relations with Beijing since 1951.

Sep 22, 2018

Vietnam President Tran Dai Quang Dies

Vietnam President Tran Dai Quang, one of the country`s top three leaders but with mostly ceremonial duties, died after an illness.
Vietnam has no paramount ruler and is officially led by the President, Prime Minister and Communist Party chief.
Quang was appointed to the role in April, 2016. Before that, he had served as Minister of Public Security.

China Warns US to Withdraw Military Sanctions

Beijing warned US to be ready to "bear the consequences" if Washington didn't remove the sanctions it has imposed on a key Chinese military agency, set up by President Xi Jinping recently, for buying Russian weapons.
According to the ministry of foreign affairs (MFA), Geng Shuang said that the US action violated the basic principles of international relations.

Sep 21, 2018

US Ready to Resume North Korea Talks

The United States is ready to resume talks with North Korea after Pyongyang pledged to dismantle its key missile facilities and suggested it would close its main Yongbyon nuclear complex if Washington took unspecified actions.

Japan's Longest-serving Premier

Prime Minister Shinzo Abe won comfortable re-election as leader of his ruling party, setting him on course to become Japan's longest-serving premier and realise his dream of reforming the constitution.
The 63-year-old conservative secured 553 votes against 254 won by former Defence Minister Shigeru Ishiba.
The win effectively hands Abe three more years as PM, giving him the chance of breaking the record for the nation's longest serving premiership held by Taro Katsura.

Iran Left with 2 Indian Clients for Oil

India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect.
Iran's Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 percent stake in Chennai Petroleum, which has two refineries with a total combined capacity of 230,000 barrels of oil per day (bpd).
United India Insurance has informed Chennai Petroleum that its new annual policy that is set to take effect from October will not cover any liability related to processing crude from Iran.

Sep 20, 2018

Kim Jong Un Agrees to Dismantle Main Nuclear Site

South Korean president Moon Jae-in and North Korean leader Kim Jong Un announced a sweeping set of agreements after their second day of talks that included a promise by Kim to permanently dismantle the North's main nuclear complex if the United States takes corresponding measures, the acceptance of international inspectors to monitor the closing of a key missile test site and launch pad and a vow to work together to host the Summer Olympics in 2032.

Nepal Scraps Dam Project with China

The Nepal government announced that it has scrapped an agreement with China Three Georges Corporation for building the $1.5-billion West Seti hydropower project, a blow to Beijing's ambitious infrastructure plans in the country.
The move came 10 months after Nepal scrapped the award of the 1,200-MW Budhi Gandaki hydropower project to China's state-owned Gezhouba Group. It also came days after Nepal pulled out of the Bimstec joint military exercise in India.

S. Korea's New Southern Policy

One of the major foreign policy initiatives of President Moon Jae-in of South Korea is the government's 'New Southern Policy', with a goal of deepening ties with South East Asian nations as well as India, and building an inclusive regional architecture in Asia.

Sharif's Sentence Suspended

The Islamabad High Court suspended the jail sentences handed to the former Prime Minister, his daughter Maryam and son-in-law Captain Muhammad Safdar (retd.).
Supreme Court lawyer Faisal Chaudhry said that the court has only suspended the sentence, not acquitted Mr. Sharif and family.

Sep 19, 2018

Middleman in AgustaWestland Chopper Case

A court in United Arab Emirates (UAE) has ordered the extradition of an alleged middleman in the Rs. 3,600 crore AgustaWestland chopper deal to India.
Michel, a British national, is wanted in India for allegedly organising bribes in exchange for a 2007 contract for VVIP helicopters for the purchase of 12 luxury helicopters for use by top leaders, including the President, Prime Minister and former prime ministers. He was detailed in UAE this June and granted bail the following month.

China Vows to Hit Back

China vowed to retaliate against the United States and warned of uncertainty in trade talks after president Donald Trump targeted another $200 billion in Chinese imports with tariffs starting next week.
Trump ratcheted up pressure on Beijing as the new round of levies will bring the amount of goods hit by duties to roughly half of Chinese exports to the US. He also threatened to go after all Chinese goods.
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