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Burkina Faso, Mali, Niger Quit ECOWAS

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The military regimes in Burkina Faso, Mali and Niger announced Sunday their immediate withdrawal from the West African bloc ECOWAS, saying it has become a threat to member states.

The leaders of the three Sahel nations issued a statement saying it was a “sovereign decision” to leave the Economic Community of West African States “without delay”.

Struggling with jihadist violence and poverty, the regimes have had tense ties with ECOWAS since coups took place in Niger last July, Burkina Faso in 2022 and Mali in 2020.

All three — founding members of the bloc in 1975 — were suspended from ECOWAS with Niger and Mali facing heavy sanctions as the bloc tried to push for the early return of civilian governments with elections.

The sanctions were an “irrational and unacceptable posture” at a time when the three “have decided to take their destiny in hand” — a reference to the coups that removed civilian administrations.

The three nations have hardened their positions in recent months and joined forces in an “Alliance of Sahel States”.

The leaders’ joint statement added that 15-member ECOWAS, “under the influence of foreign powers, betraying its founding principles, has become a threat to member states and peoples”.

They accused the grouping of failing to help them tackle the jihadists who swept into Mali from 2012 and then on to Burkina and Niger.

But leaving ECOWAS could make trade more difficult for the three land-locked nations, making goods more expensive, and could also see visa requirements re-imposed for travel.

Under pressure from the military regimes, former colonial power France has removed ambassadors and troops and watched Russia fill the void militarily and politically.

The French army’s withdrawal from the Sahel — the region along the Sahara desert across Africa — has heightened concerns over the conflicts spreading southward to Gulf of Guinea states Ghana, Togo, Benin and Ivory Coast.

– ‘Bad faith’ –

The prime minister appointed by Niger’s regime on Thursday blasted ECOWAS for “bad faith” after the bloc largely shunned a planned meeting in Niamey.

Niger had hoped for an opportunity to talk through differences with fellow states of ECOWAS which has cold-shouldered Niamey, imposing heavy economic and financial sanctions following the military coup that overthrew elected president Mohamed Bazoum.

Niger’s military leaders, wrestling with high food prices and a scarcity of medicines, have said they want up to three years for a transition back to civilian rule.

In Mali, the ruling officers under Colonel Assimi Goita had pledged to hold elections in February this year, but that has now been pushed back to an unknown date.

Burkina Faso, which has not been put under sanctions although Captain Ibrahim Traore seized power in September 2022, has set elections for this summer, but says the fight against the insurgents remains the top priority.

International

U.K.–India set to boost bilateral trade by over $34 billion a year

The FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

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•Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost over the long term following their free trade agreement, with the countries’ leaders calling it a “historic” deal.

CNBC reported that the FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed on Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

Both sides had finalized the trade pact in May after three years of intense negotiations — marked by thorny issues such as visas, tariff reduction and tax breaks.

Talks gained momentum and both governments accelerated to seal the deal as U.S. President Donald Trump’s tariff threats sent the world in disarray.

The agreement between the world’s fifth and sixth largest economies is expected to boost their bilateral trade by 25.5 billion pounds per year by 2040.

Trade in goods and services stood at over 40 billion pounds in 2024.

The deal offers “huge benefits to both of our countries,” boosting wages, raising living standards and bringing down prices for consumers, Starmer said.

India’s Modi lauded the agreement as “a blueprint for our shared prosperity,” highlighting how Indian goods including textiles, jewelry, agricultural products and engineering items would benefit from a better access to the U.K. market.

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Russian missing plane found in Forest – No Survivors

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

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Russian officials say 48 people were killed when an Angara Airlines plane went down in a dense forest in the far-eastern Amur region.

The Antonov An-24 plane, carrying 42 passengers and six crew, had left Blagoveshchensk close to the Chinese border and vanished from radar screens as it approached Tynda airport, officials said.

A Russian civil aviation helicopter then spotted burning fuselage from the plane on a remote hillside about 16km (10 miles) from Tynda.

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

Orlov said that according to preliminary data, there were 43 passengers, including five children, and six crew members on board the plane operated by a Siberian airline.

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International

EU ready to hit US with 21-billion-euro tariff list

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.

Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.

The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.

Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible.

He added, however, that he was confident that progress could be made in negotiations.

“Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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