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World needs Global Economic Integration, IMF Says

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World needs Global Economic Integration, IMF Says

By: Michael Mike

The International Monetary Fund (IMF) has said that more than ever before the world needs global economic integration to especially ward off the threats on global economy in the last two years as a result of COVID-19 pandemic and the ongoing Ukraine crisis.

The Managing Director of IMF, Ms. Kristalina Georgieva in her remark to the China International Import Expo (CIIE) at the weekend lamented that for over two and a half years the world has faced challenges in the global supply chain due to COVID-19 and the Ukraine crisis, insisting that the world has witnessed economic downturn.

She said due to the crises, “We have witnessed acute food insecurities, inflation. Poverty in many places is on the rise, around the world. We have seen

even big economies become relatively poorer.”

She proffered that: “Integration, not fragmentation, is key to the world’s economic success. We must promote trade openness and China is leading by example in this sense.”

She advised that reforms by China should be emulated, while decrying that: “Today, trade restriction and distortion, and subsidence is on the rise,” lamenting that: “Rather than be a source of growth, trade policies have become a source of fragmentation.”

She also asked governments to bring their disputes for resolution, stressing that: “We need much stronger international cooperation, not less of it.”

On her part, the Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala noted that China contributes 15 per cent of world’s total exports and she is the second largest importer of goods and services, while the third largest service exporter.

Okonjo-Iweala in her goodwill message to the Expo, said: “Trade must be part of the solution to solve inflation, climate change,

global economic slow, etc.”

She disclosed that reforming and revitalization of WTO is about equipping it to be able to find challenges to problems and be able to drive the solutions.

Okonjo-Iweala claimed that the future of trade is in digital solutions and services, going green and green services, and in inclusivity.

She explained that the future of trade means bringing continents together like Africa, Latin America, among others

She revealed that WTO will work with China for stronger, more responsive partnership with common objectives of making the world a better place.

In his opening speech at fifth China International Import Expo (CIIE), the Chinese President, Xi Jinping said the CIIE has become a showcase of China’s new development paradigm, a platform for high-standard opening-up, and a public good for the whole world.

He said: “Openness is a key driving force behind the progress of human civilizations and an intrinsic path toward global prosperity and development. The world today is confronted with accelerated changes unseen in a century as well as a sluggish economic recovery. We should commit ourselves to openness to meet development challenges, foster synergy for cooperation, build the momentum of innovation, and deliver benefits to all. We should steadily advance economic globalization, enhance every country’s dynamism of growth, and provide all nations with greater and fairer access to the fruits of development.”

READ ALSO: https://dailypost.ng/2022/11/02/demand-accountability-improved-healthcare-from-your-leaders-group-tells-borno-community/

He  promised that: “China will work with all countries and all parties to share the opportunities in its vast market. We will step up efforts to cultivate a robust domestic market, upgrade trade in goods, develop new mechanisms for trade in services, and import more quality products. We will establish pilot zones for Silk Road e-commerce cooperation and build national demonstration zones for innovative development of trade in services, so as to encourage innovation in trade and promote high-quality Belt and Road cooperation.”

He added that: “China will work with all countries and all parties to share the opportunities from its institutional opening-up. We will steadily expand institutional opening-up with regard to rules, regulations, management and standards, put into full effect the new Catalogue of Encouraged Industries for Foreign Investment, and further develop the national integrated demonstration zone for greater openness in the service sector. We will implement the strategy to upgrade pilot free trade areas, accelerate the Hainan Free Trade Port development, and tap into their role as pilot platforms for comprehensive reform and opening-up.”

He further assured that: “China will work with all countries and all parties to share the opportunities from deepened international cooperation. We will engage fully and deeply in WTO reform negotiations, promote trade and investment liberalization and facilitation, and enhance international macro-economic policy coordination, with a view to jointly fostering new drivers for global growth. We will endeavor actively to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) to expand the globally-oriented network of high-standard free trade areas. We will firmly support other developing countries and assist them in growing faster, and promote the building of a community with a shared future for mankind.”

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Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

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Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

By: Michael Mike

Rwanda has warned of the dangers of allowing hatred and disunity to fester, insisting that this could lead to genocide like it witnessed over 30 years ago where a million people were killed in the spate of 100 days.

The Rwandan High Commissioner to Nigeria, Christophe Bazivamo, stated this at the 30th commemoration of the 1994 Genocide against the Tutsi in Abuja.

The commemoration is observed under the multi-year theme, “Remember – Unite – Renew”.

Bazivamo stated that the path to lasting peace demands constant vigilance, adding that “As we renew, we restate our unbreakable pledge to fight intolerance, discrimination, ethnic hatred, hate speeches, genocide revisionism, and denial in all their forms.

“Unfortunately, this is happening today just beyond Rwanda’s borders in the Great Lakes region. We should never allow the embers of hatred to reignite.”

The High Commissioner further said: stated: “On this Kwibuka 30, together, we can ensure that the memory of the victims becomes a powerful force for good, inspiring future generations to choose peace over hate, unity over division, and hope over despair.

“This can be achieved in different ways including putting course lessons about the 1994 Genocide against the Tutsi in schools and the establishment of memory symbols in remembrance of the 1994 Genocide against the Tutsi to educate the young and the next generation on the need to fight hate ideologies and stand against any form of discrimination and divisionism. Let us work together to build a world where such atrocities never happen again.”

In his remarks, the Minister of Foreign Affairs, Yusuf Tuggar conveyed the condolences of the Nigerian government to the survivors of the genocide.

Tuggar represented by a former ambassador to Sudan, Safiu Olaniyan said: “Genocide should not be allowed to raise its head ever again.”

The Secretary General, United Nations, Antonio Guterres urged the world to stand as one against all forms of hatred and discrimination.

Guterres whose speech was read at the occasion by the UN Resident Coordinator in Nigeria, Mohamed Malick Fall noted that: “To those who would seek to divide us, we must deliver a clear, unequivocal and urgent message: never again.

“We can draw a straight line between the senseless slaughter of one million Tutsi — as well as some Hutu and others who opposed the genocide — and the decades of hate speech that preceded it, enflamed by ethnic tensions and the long shadow of colonialism.

“Today, around the world, the darkest impulses of humanity are being awakened once more by the voices of extremism, division and hate.

“On this solemn day of remembrance, let’s pledge to stand as one against all forms of hatred and discrimination.

In his remarks, a retired Nigerian Navy admiral, Samuel Alade who witnessed the genocide while in Rwanda said, “I commend the tenacity of purpose and the commitment of the Rwandans to make their nation an example of relevance.”

Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

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Earthquake: Emergency agency warns about aftershocks in New York

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Earthquake: Emergency agency warns about aftershocks in New York

New York State Emergency Management has warned that  residents might experience aftershocks of the 4.8 magnitude  earthquake, which occurred in the city and New Jersey on Friday.

The North American correspondent of the News Agency of Nigeria (NAN) reports that the earthquake, which occurred at 10:23a.m. local time ,eight miles northwest of Bridgewater, New Jersey ,affected some areas in New York.

It rattled skyscrapers and buildings across Manhattan, Brooklyn and Queens.

The  emergency agency, in a safety alert issued , urged the public to call 911 if they were experiencing an emergency.

“ An earthquake occurred in New Jersey. The earthquake has been felt throughout New York State. Aftershocks may occur. Call 9-1-1 only if you or others are injured or have  an emergency’’

An earthquake with a magnitude of 4.8 is generally considered moderate, though it appears to be among the biggest earthquakes to ever affect New York City.

In addition to New York and New Jersey, the quake was felt in parts of Connecticut, Rhode Island and Massachusetts .

New York governor Kathy Hochul said that the impact of the earthquake was being assessed.

“My team is assessing impacts and any damage that may have occurred, and we will update the public throughout the day.” she wrote on X .

Earthquake: Emergency agency warns about aftershocks in New York

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Gaza: US Failed Resolution at UN was Biased- Envoy

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Gaza: US Failed Resolution at UN was Biased- Envoy

By: Michael Mike

The Palestinian Ambassador to Nigeria, Abdullah Shawesh has described as biased the failed United States resolution on Gaza.

Shawesh, who spoke to journalists at the weekend during his weekly briefing on the ongoing Israeli attacks on Gaza, also alleged that Israel has violated Ramadan ceasefire agreement,

He said U.S was biased in its resolution as it failed to call for immediate ceasefire.

Shawesh said, “On Friday, March 22, the USA presented a resolution before the Security Council, which did not pass due to a veto. In this regard, and despite many other criticisms, I would like to highlight the following points:

“So all what you hear on the media about the ceasefire resolution is spout empty words. The US resolution fail to call for an immediate ceasefire that the secretary of state Blinken theorize for it on the media day before tabling it on the security council as the magic stack to put an end to the human suffering in Gaza.

“The US resolution fell short of condemning the ongoing Israeli massacre against the Palestinian people. Instead, it gave Israel the green light to continue its textbook genocide.

“The US resolution emprise and incubated all the Israeli claims about Oct 7 even before any independent fact finding mission or inquiry mission established by independent intergovernmental body to come with final report on what happened on that day.

“The US resolution mentioned the 132 Israeli hostages in Gaza but did not say a word about the more than 7,000 abducted and hostage Palestinians in Israeli concentration camps and prisons, all of whom are subjected to torture, degradation, and ill-treatment, resulting in the deaths of 12 of them so far.

“This is a clear form of racism and white supremacy, prioritizing the lives of Israelis over the lives of Palestinians.

“The US resolution deliberately did not mention any single words on the UN body, UNRWA, which is the most expert and capable body to tackle the humanitarian crises in Gaza, in clear complicity to support the Israeli occupation request to dismantle it. When it came to the humanitarian assistance to the Palestinian no one can deny the crucial role that the UNRWA played since Al-Nakba 1948.

“It is important to note that the US Congress voted not to resume funding for UNRWA until at least 2025, a move welcomed by Israel, which declared that the UN agency will not be part of Gaza’s future.

The US did not mention Israel as the occupation power except one time in the context of the two state solution.”

He also accused the Israeli authorities of not respecting UN resolution which called for ceasefire during the ongoing Ramadan.

He said, “On Monday, March 25, the Security Council adopted the Resolution 2728 calling for an immediate ceasefire during the month of Ramadan. While the ink on the resolution is not yet dry, Israeli cannon barrels are still firing and claiming more innocent Palestinian lives.

“On a practical level, this means Israel has turned its back on the Security Council. Israeli pushback on the UN ceasefire resolution, and the war minister Yoav Gallant said Israel has no moral right to stop the war in Gaza.

“The Israeli occupation authorities have continued their aggression, restrictions, and repressive measures in the occupied West Bank since the beginning of the holy month of Ramadan.

“They have deployed more than 24 military battalions there, imposed a comprehensive siege, cut off ties with partial sieges on all regions and towns, deployed over 750 checkpoints, installed more iron gates, and forced citizens to travel on bumpy roads that consume their time and money.”

He condemned the continue sales of weapons to Isreal, he said according Mary Lawlor – UN special rapporteur on human rights defenders: “There is no moral argument that justifies the continued sales of weapons to Israel. Over the past six months, Israel has unequivocally proven that it uses Western and foreign weapons indiscriminately against the Palestinian people. Why does the West continue to supply them?”

He also asked the everyone to pay attention to the UN Secretary General, António Guterres words that: “Palestinians in Gaza — children, women, men – remain stuck in a non-stop nightmare. Communities obliterated. Homes demolished. Entire families and generations wiped out. With hunger and starvation stalking the population. It is monstrous that after so much suffering over so many months, Palestinians in Gaza are marking Ramadan with Israeli bombs still falling, bullets still flying, artillery still pounding, and humanitarian assistance still facing obstacle upon obstacle.”

Shawesh said: “According to the Palestinian Ministry of Health as of Sunday, March 24, approximately 32,200 Palestinians have been killed by the Israeli occupation forces. Among the victims, 72% were women (around 8,800) and children (approximately 13,750). Additionally, around 74,500 Palestinians have been injured, with a majority being women and children. It is estimated that more than 8,100 people are missing under the rubble.

Gaza: US Failed Resolution at UN was Biased- Envoy

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