United Kingdom

UK commits to EPAs after Brexit

The United Kingdom Minister for Trade Policy, George Hollingbery, said this while briefing ACP Trade Ministers on Brexit.

PNG was represented at the October 25th meeting by the Papua New Guinea Ambassador to ACP and EU, Joshua Kalinoe.

At the meet, Hollingbery advised Ministers that UK will honour the existing Economic Partnership Agreement that ACP countries have with EU.

Accordingly, priority for UK is to work with existing parties to trade under the current EPA until similar Agreements are negotiated and implemented after 2021.

Brexit: EU says it doesn't want to 'punish' Britain for leaving

"Brexit is punitive enough," said Donald Tusk, President of the European Council.

The EU nevertheless set out a tough set of principles for Brexit negotiations. They offer the possibility that trade talks could begin before the UK leaves -- but only after "sufficient progress" is made on the complex task of untangling Britain from the EU.

In her letter triggering the UK's formal exit from the EU, British Prime Minister Theresa May had asked for a parallel approach from the start.

$74 million yacht too big to berth in harbour

The yacht, named simply ‘M5’, is a sloop-rigged super yacht launched in 2003 as the Mirabella. 

The 75 metre yacht, which hails from the United Kingdom, arrived Thursday last week but was unable to berth at Avatiu harbour because of its 97m mast height which would run it foul of airspace laws.  

The yacht’s captain, Don Anderson, said the yacht had cost about US$50m to build. Anderson is accompanied by 15 other crew on the M5’s maiden world tour and the super yacht will be here for two weeks before leaving for French Polynesia.