US government shutdown extends into next week
Washington, Dec 28 : The US government partial shutdown was set to stretch deep into next week after legislators failed Thursday to make a breakthrough in the row over President Donald Trump's demand for a US-Mexico border wall.
After convening for just a few minutes following the official Christmas break, a still nearly empty Senate adjourned, deciding to renew budget deliberations only next Wednesday, the last day of the current Republican-controlled Congress.
That would take the government shutdown, already on its sixth day, into 12.
Both sides have dug in, with Democrats refusing to provide USD 5 billion for Trump's border wall project and the president insisting he will not fully fund the government unless he gets the money.
White House spokeswoman Sarah Sanders accused Democrats of "openly choosing to keep our government closed to protect illegal immigrants rather than the American people."
She said Trump "will not sign a proposal that does not first prioritize our country's safety and security." As long as the wall debate holds up approval of a wider spending bill, about 800,000 federal employees are not getting salaries and non-essential parts of the government are unable to function.
Trump made clear he does not intend to give way first.
In a tweet Thursday, he once more accused Democrats of wanting to encourage illegal immigrants, "an Open Southern Border and the large scale crime that comes with such stupidity!" "Need to stop Drugs, Human Trafficking, Gang Members & Criminals from coming into our Country," he said in another tweet, also lambasting "Democrat obstruction of the needed Wall."
Opponents, including some in his Republican party, accuse the president of exaggerating the danger from illegal immigration for his own political gain.
"No end in sight to the President's government shutdown," Dick Durbin, a senior Democratic senator, tweeted.
"He's taken our government hostage over his outrageous demand for a 5 billion border wall that would be both wasteful and ineffective."
Partial government shutdowns are not an unusual weapon in Washington budget negotiations, where party divides make cooperation a rarity.
But the rancour has spiralled under Trump's abrasive administration and is set to go even higher after January 3 when the Democrats take over the House of Representatives, following their mid-term election victory.
The mess has contributed to worries over the outlook for the US economy in 2019, following a surging 2018 performance.
The stock market has plummeted in recent days, before a record recovery on Wednesday, under a variety of factors including Trump's barrage of criticism against the independent Federal Reserve.
Continuing the see-saw performance, Wall Street opened sharply lower Thursday but ended solidly higher on bargain hunting.
Large sections of the nearly 2,000-mile (3,200 kilometre) border with Mexico are already divided by fences and other barriers.
But immigrants -- some fleeing danger and others just looking for jobs -- continue to cross illegally.
Trump's critics say that he is trampling over legally protected asylum rights and argue that resources should be channelled into higher-tech alternatives to a wall.
Managing the flow of illegal border crossers has been complicated by a shift from single men to more vulnerable families, including small children.
Two youngsters from Guatemala have died while in custody of US authorities this month and Homeland Security Secretary Kirstjen Nielsen said that "extraordinary protective measures" were required to handle the flow.
US Customs and Border Protection Commissioner Kevin McAleenan warned Wednesday that the agency was unable to cope with the thousands of arrivals, as most facilities were built decades ago for men arriving alone.
"We need help from Congress. We need to budget for medical care and mental health care for children in our facilities," he told CBS News.
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India, New Zealand ink free trade agreement
New Delhi (PTI): India and New Zealand on Monday inked a free trade agreement, aimed at boosting two-way commerce and investments.
The pact was signed by Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay.
The FTA provides duty-free access for 100 per cent of India's exports to New Zealand, covering all tariff lines or produce categories, and is expected to significantly boost MSMEs and employment by enhancing competitiveness in labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed foods.
Earlier, New Zealand maintained peak tariffs of up to 10 per cent on key Indian exports, including ceramics, carpets, automobiles, and auto components.
With zero-duty market access from entry into force as New Zealand's other trade partners, Indian products will be fully competitive in that country, enjoying a level playing field.
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Significantly, India also secured duty-free inputs for its manufacturing sector, including wooden logs, coking coal, and waste and scraps of metals, lowering production costs and enhancing the global competitiveness of the Indian industry.
On the other hand, India has offered tariff liberalisation on 70.03 per cent of tariff lines covering 95 per cent of bilateral trade value, while keeping 29.97 per cent of tariff lines excluded to protect India's sensitive sectors.
The products that are kept in exclusion are mainly -- dairy (milk, cream, whey, yoghurt, cheese etc.), animal products (other than sheep meat), agricultural products (onions, chana, peas, corn, almonds), sugar, artificial honey, animal, vegetable or microbial fats and oils, arms and ammunition, gems and jewellery, copper and articles thereof (cathodes, cartridges, rods, bars, coils), aluminium and articles thereof (ingots, billets, wire bars) among others.
On 30 per cent of tariff lines of New Zealand, India will provide duty elimination on goods such as wood, wool, sheep meat, and leather-raw hides.
Similarly, 35.60 per cent of tariff lines are subject to phased elimination over 3, 5, 7, and 10 years, including petroleum oil, malt extract, vegetable oils, selected electrical and mechanical machinery, and peptones.
New Zealand products which enjoy tariff reductions include wine, pharmaceutical drugs, polymers, aluminum, iron and steel articles, and goods that only 0.06 per cent fall under tariff rate quotas, including Manuka honey, apples, kiwi fruit, and albumins, including milk albumin.
The FTA also includes a commitment to facilitate USD 20 billion in investment into India.
A rebalancing clause is incorporated into the Agreement to provide a framework for addressing any shortfall in investment delivery, thereby ensuring robust and tangible economic outcomes.
Total bilateral trade in goods and services reached USD 2.4 billion in 2024.
