UK, Egypt sign post-Brexit trade agreement

British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
Short Url
Updated 05 December 2020

UK, Egypt sign post-Brexit trade agreement

British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
  • The deal is aimed at strengthening political and trade ties between the two countries, a British government statement said

LONDON: Britain’s ambassador to Egypt signed an agreement with the country’s assistant foreign minister for Europe, Badr Abdelatty, on Saturday.

The deal is aimed at strengthening political and trade ties between the two countries, a British government statement said.

The agreement will allow British businesses and consumers to benefit from continued preferential access to the Egyptian market after the end of the Brexit transition period.

After Dec. 31, and Britain’s exit from the European Union, the EU-Egypt Association Agreement will cease to apply to the UK.

In addition to securing trade, the agreement provides a framework for cooperation and further development of political, economic, social and cultural links, the statement said.

The UK said it was committed to strengthening its relationship with Egypt and cooperating on issues including education, the environment and human rights.

“This agreement highlights the strength of the UK-Egypt partnership, and reflects our shared ambition to build our cooperation on a range of important issues,” the UK’s Foreign Secretary Dominic Raab said.

“Stronger trade links and more investment will grow our economies and help both our countries build back better from the impact of the coronavirus pandemic,” he added.

British International Trade Secretary, Liz Truss said: “This agreement is a clear signal of the UK’s enduring commitment to our close bilateral relationship with Egypt and will help strengthen trade and investment ties in the future.

“It will help provide both British and Egyptian businesses with new opportunities and provide them with the certainty they need to keep trading.

“The UK remains committed to securing deals that support British jobs, deliver significant savings and help drive the post COVID-19 recovery,” she said.

The agreement will provide tariff-free trade on industrial products, liberalization of trade in agriculture, agri-foods and fisheries making trade easier, as well as delivering significant savings to businesses in both the UK and Egypt.

Total trade on goods and services between the UK and Egypt was worth £3.5 billion ($4.7 billion) in 2019.


Iranian Guard holds anti-warship ballistic missile drill

Iranian Guard holds anti-warship ballistic missile drill
Updated 16 January 2021

Iranian Guard holds anti-warship ballistic missile drill

Iranian Guard holds anti-warship ballistic missile drill
  • Footage showed two missiles smash into a target that Iranian state television described as “hypothetical hostile enemy ships”
  • In recent weeks, Iran has increased its military drills as the country tries to pressure President-elect Joe Biden over the nuclear accord

TEHRAN, Iran: Iran’s paramilitary Revolutionary Guard conducted a drill Saturday launching anti-warship ballistic missiles at a simulated target in the Indian Ocean, state television reported, amid heightened tensions over Tehran’s nuclear program and a US pressure campaign against the Islamic Republic.
Footage showed two missiles smash into a target that Iranian state television described as “hypothetical hostile enemy ships” at a distance of 1,800 kilometers (1,120 miles). The report did not specify the type of missiles used.
In the first phase of the drill Friday, the Guard’s aerospace division launched surface-to-surface ballistic missiles and drones against “hypothetical enemy bases.” Iranian state television described the drill as taking place in the country’s vast central desert, the latest in a series of snap exercises called amid the escalating tensions over its nuclear program. Footage also showed four unmanned, triangle-shaped drones flying in a tight formation, smashing into targets and exploding.
Tensions between Washington and Tehran have increased amid a series of incidents stemming from President Donald Trump’s unilateral withdrawal from Iran’s nuclear deal with world powers. Amid Trump’s final days as president, Tehran has recently seized a South Korean oil tanker and begun enriching uranium closer to weapons-grade levels, while the US has sent B-52 bombers, the USS Nimitz aircraft carrier and a nuclear submarine into the region.
In recent weeks, Iran has increased its military drills as the country tries to pressure President-elect Joe Biden over the nuclear accord, which he has said America could reenter.
Iran fired cruise missiles Thursday as part of a naval drill in the Gulf of Oman, state media reported, under surveillance of what appeared to be a US nuclear submarine. Iran’s navy did not identify the submarine at the time, but on Saturday, a news website affiliated with state television said the vessel was American. Helicopter footage of the exercise released Thursday by Iran’s navy showed what resembled an Ohio-class guided-missile submarine, the USS Georgia, which the US Navy last month said had been sent to the Arabian Gulf.
Iran has missile capability of up to 2,000 kilometers (1,250 miles), far enough to reach archenemy Israel and US military bases in the region. Last January, after the US killed a top Iranian general in Baghdad, Tehran retaliated by firing a barrage of ballistic missiles at two Iraqi bases housing US troops, resulting in brain concussion injuries to dozens of them.
Trump in 2018 unilaterally withdrew the US from Iran’s nuclear deal, in which Tehran had agreed to limit its uranium enrichment in exchange for the lifting of economic sanctions. Trump cited Iran’s ballistic missile program among other issues in withdrawing from the accord.
When the US then increased sanctions, Iran gradually and publicly abandoned the deal’s limits on its nuclear development.