Monthly Archives: December 2017

The Brexit Conundrum: What to Do With Financial Services?

By Kavaljit Singh | Commentary | December 26, 2017

At the European Council summit held at Brussels during December 14-15, 2017, the EU leaders formally approved negotiating guidelines to move to the second phase of Brexit negotiations after confirming “sufficient progress” had been achieved in the first phase of negotiations. On December 8, the UK and the European Union reached a withdrawal deal concerning three key issues – citizens’ rights, the Northern Irish border and the payment of what Britain owes the European Union (the “divorce bill”).

After failing…

Read More |

Learning Lessons from Failure of WTO Ministerial Conference

By Biswajit Dhar | Guest Blog | December 15, 2017

The 11th Ministerial Conference (MC11) of the World Trade Organization (WTO) held in Buenos Aires ended without taking decisions on any of the issues on which the members of the organisation have been engaged on over the past several months. The organization has thus been left virtually without any substantive work programme and this should be considered as a failure of the organisation to deliver results.

Many would consider this outcome to be entirely acceptable, as the major pre-MC11 engagements…

Read More |

Brexit is Finally Happening

By Kavaljit Singh | Commentary | December 12, 2017

After months of dilly-dallying on negotiating the Brexit deal, Britain is finally leaving the European Union. Last week, the UK and the European Union reached a deal on several contentious issues, thereby paving the way for Brexit negotiations to move on to a second phase. On December 8, 2017, British Prime Minister Theresa May and European Commission President Jean-Claude Juncker announced the “breakthrough” at an early morning press conference in Brussels.

In many important ways, the “breakthrough” has laid to…

Read More |