International Trade
About International Trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product.
Agoa Forum: Has the US trade pact benefited Africa?
... 4bn, mostly oil, while Kenya came third with about $523m, according to statistics from the US International Trade Commission (ITC) and US Department of Commerce...
Big banks linked to products with pangolin and leopard parts
... Both are also listed on the CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) treaty which prohibits international commercial trade in them and their parts, in a bid to ensure their survival in the wild is not threatened...
Angela Rayner handed new role as Keir Starmer reshuffles top team
... Nick Thomas-Symonds, whose International Trade brief was merged with the business department, has been handed a more junior role shadowing the Cabinet Office...
Turtle swept 4,000 miles to Wales flies home to Texas
... The Convention on International Trade in Endangered Species of Wild Fauna and Flora () is an international agreement between governments...
UK inflation and interest rates high - how do other economies compare?
... Also International Trade being slower to recover from that shock than it was in other major countries...
The tech flaw that lets hackers control surveillance cameras
... Hikvision cameras are used to monitor many government buildings too - in a single afternoon in central London, Panorama found them outside the Department for International Trade, the Department of Health, the Health Security Agency, Defra and an Army reserve centre...
Labour defends donations from Just Stop Oil backer Dale Vince
... Shadow International Trade secretary Nick Thomas-Symonds said Labour had been " extremely clear on our views on Just Stop Oil"...
Ivory ban to extend to hippos and killer whales
... The five species are listed in the Convention on International Trade in Endangered Species of Fauna and Flora (CITES), which regulates their trade internationally...
Rethink over crackdown on MPs' second jobs
Limiting the amount of time MPs spend on second jobs would be " impractical" the government has said.
Boris Johnson called for a review of MPs' outside work Last Year after A Number of high-profile controversies.
At The Time , the Prime Minister backed proposals to place " reasonable limits" on hours spent on other jobs.
But Cabinet Office Minister Steve Barclay has now written to The Commons Standards Committee, saying the measure would not work.
He added such a policy would " not necessarily serve to address recent concerns over paid advocacy and the primary duty of MPs to serve their constituents".
Mr Barclay also questioned whether it would be " fair" to introduce a cap on outside earnings.
The issue of MPs' second jobs came to the fore in 2021 when the then-Conservative MP Owen Paterson was found to have broken lobbying rules.
It caused chaos in government and accusations of sleaze after No 10 attempted an overhaul of the standards system, which would have stopped Mr Paterson from being suspended from The Commons . He later resigned as an MP.
The furore led to increased scrutiny of The Work MPs do outside of Parliament, with a lot of Focus On former Attorney General Geoffrey Cox , who earned around £900,000 in 2020 through his work as a lawyer.
MPs later backed government plans to prevent them taking on certain jobs, with No 10 saying any outside role, paid or unpaid, should be " within reasonable limits" and not stop MPs fully serving their constituents.
A definition of what that meant was not given, but International Trade Secretary Anne-Marie Trevelyan suggested 15 hours a week as a reasonable limit.
However, in The Letter from Mr Barclay, the government now appears to have moved away from that pledge.
'Impractical'The minister reiterated the government's desire for a ban on MPs providing paid parliamentary advice, consultancy, or strategy services.
But while he acknowledged a Time Limit was considered " necessary" by some, He Said it would be " impractical".
In a submission to the standards committee, Mr Barclay wrote: " It is the government's initial view that the imposition of fixed constraints such as time limits on the amount of time that members can spend on outside work would be impractical.
" The imposition of time limits would not necessarily serve to address recent concerns over paid advocacy and the primary duty of MPs to serve their constituents. "
When it came to a cap on earnings, Mr Barclay also had his doubts, writing that such a rule " could serve to prohibit activities which do not bring Undue Influence to bear on the political system" such as writing books.
He Said a long-serving MP " could inadvertently reach the 'ceiling' through earnings accrued over time" and he questioned " whether it would be fair to subject that member to a standards investigation".
He added: " To avoid this issue would require a substantive earning threshold to be set such that it would not serve to prevent MPs from taking on outside work for which they were properly remunerated In Line with salaries in that sector.
" The introduction of such an arbitrary cap therefore may not have The Intended effect of ensuring that members prioritise their parliamentary duties and the needs of their constituents. "
Source of news: bbc.com
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