ED searches: Will not not support any violation of law, says CM Siddaramaiah
Chikkaballapura (Karnataka), Jun 11 (PTI): Commenting on the Enforcement Directorate (ED) conducting searches against a Congress MP and three MLAs, Karnataka Chief Minister Siddaramaiah on Wednesday said his government will not support any violation of the law, nor will come in the way of implementation of law.
The ED conducted searches against Congress Ballari MP E Tukaram and three MLAs of the party as part of a money laundering investigation into the alleged Valmiki scam-linked money laundering case, official sources said.
"What should I do? The ED has conducted raids. Let them do whatever they want in accordance with the law. We will not support any violation of law. We will not come in the way of the implementation of the law. We won't obstruct it," Siddaramaiah said in response to a question.
The ED said five premises in Ballari and three in Bengaluru city are being searched under the provisions of the Prevention of Money Laundering Act (PMLA). These include houses belonging to Tukaram and MLAs Nara Bharath Reddy (Bellary city), J N Ganesh (Kampli) and N T Srinivas (Kudligi).
The sources said the searches are being conducted in order to gather evidence on the allegation that funds siphoned off from the accounts of the Karnataka Maharshi Valmiki ST Development Corporation (KMVSTDC) were used for election expenses -- to distribute cash to voters and Congress workers of the Ballari seat during the 2024 Lok Sabha elections.
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Canada, US to launch formal talks to review their free trade agreement in mid-January
Toronto (AP): Canada and the US will launch formal discussions to the review their free trade agreement in mid-January, the office of Canadian Prime Minister Mark Carney said.
The prime minister confirmed to provincial leaders that Dominic LeBlanc, the country's point person for US-Canada trade relations, “will meet with US counterparts in mid-January to launch formal discussions," Carney's office said in a statement late Thursday.
The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. US President Donald Trump negotiated the deal in his first term and included a clause to possibly renegotiate the deal in 2026.
Carney met with the leaders of Canada's provinces on Thursday to give them an update on trade talks with the US.
Canada is one of the most trade-dependent countries in the world, and more than 75 per cent of Canada's exports go to the country's southern neighbour. But most exports to the US are currently exempted by USMCA.
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Trump cut off trade talks to reduce tariffs on certain sectors with Carney in October after the Ontario provincial government ran an anti-tariff advertisement in the US. That followed a spring of acrimony, since abated, over Trump's insistence that Canada should become the 51st US state.
Carney said earlier Thursday that Canada and the US were close to an agreement at the time on sectoral tariff relief in multiple areas, including steel and aluminum. Tariffs are taking a toll on certain sectors of Canada's economy, particularly aluminum, steel, auto and lumber.
Carney also said trade irritants flagged this week by US Trade Representative Jamieson Greer are elements of a “much bigger discussion” about continental trade. Greer said a coming review of the Canada-US-Mexico trade deal will hinge on resolving US concerns about Canadian policies on dairy products, alcohol and digital services.
Carney and the provincial premiers agreed to meet in person in Ottawa early in the new year.
Canada is the top export destination for 36 US states. Nearly USD 3.6 billion Canadian (USD 2.7 billion) worth of goods and services cross the border each day.
About 60 per cent of US crude oil imports are from Canada, as are 85 per cent of US electricity imports.
Canada is also the largest foreign supplier of steel, aluminum and uranium to the US and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security.
Carney said US access to Canada's critical ministers is not a certainty.
“It's a potential opportunity for the United States, but it's not an assured opportunity for the United States. It's part of a bigger discussion in terms of our trading relationship, because we have other partners around the world, in Europe for example, who are very interested in participating,” Carney said earlier Thursday.
