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Category: Trade

  • MIL-OSI Economics: WTO Chairs Programme event in Mexico stresses importance of advancing inclusive trade

    Source: WTO

    Headline: WTO Chairs Programme event in Mexico stresses importance of advancing inclusive trade

    WTO Deputy Director-General Xiangchen Zhang delivered opening remarks via video link . He reaffirmed the WTO’s commitment to advancing inclusive trade and praised the active role of the Latin American and Caribbean Network, particularly those from Brazil, Chile, Colombia, Costa Rica, Mexico, and Peru, in helping to achieve this goal at this workshop. “The Latin American and Caribbean Network of the WTO Chairs Programme has once again brought us together through their work on trade and inclusivity — and their efforts on this topic have boosted its visibility,” he said. His full remarks are available here.
    France’s Permanent Representative to the WTO, Ambassador Emmanuelle Ivanov-Durand, also expressed her support for strengthening inclusive trade, stating: “This workshop looks at each of the vulnerabilities related to gender, disability or belonging to a minority community and sees how trade policy can restore equal opportunities to start to ensure that these groups can actively participate in the productive and export activities of their countries.”
    Director-General Cynthia Zimmermann of the Austrian Ministry for Labour and Economic Affairs said: “Austria is proud to play a role in strengthening academic capacity and creating opportunities for trade that uplift all members of society. This is our investment dedicated to maintaining and enhancing trade expertise in regions where it is particularly relevant. Together, I am confident that we will influence how ‘inclusive trade’ is perceived, discussed, and negotiated in both academic and policy-making corridors.”
    The workshop explored various aspects of inclusive trade, including conceptualizing inclusive trade policies for indigenous communities, trade law related to disability, addressing the needs of least developed countries (LDCs), and trade policies for youth and other marginalized groups. Participants also examined the intersection of these aspects, and are preparing a joint publication on the topic. Their work will consolidate diverse perspectives and share experience from different regions.
    Deputy Director-General Zhang also commended the Latin American and Caribbean Network for championing work on trade and gender, with several workshops in the region yielding prominent outcomes. Four members from the Chairs Programme institutions in Barbados, Chile, Costa Rica and Mexico are currently part of the WTO Gender Research Hub.
    On the sidelines of the workshop, Dr. Amrita Bahri, Associate Professor of International Trade Law at ITAM and Co-Chair of the WTO Chairs Programme in Mexico, launched her latest publication  titled “Trade Agreements and Women: Transcending Barriers.” The book offers guidance for policymakers on how to incorporate gender considerations into trade negotiations.
    For more information on the work of the Chairs, please visit the WTO Chairs Programme e-Platform.

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  • MIL-OSI Economics: WCP Mexico: Joint research workshop

    Source: WTO

    Headline: WCP Mexico: Joint research workshop

    Distinguished guests, WCP Chairs, and representatives,
    It is undeniable that we need to make trade more inclusive. But what does that mean? Why does it matter? These are questions that deserve attention.
    With this in mind, the Latin American and Caribbean Network of the WTO Chairs Programme has once again brought us together through their work on trade and inclusivity. I extend my thanks to the different teams involved in organizing this workshop – especially the WCP Chair in Mexico – which is held in collaboration with the WTO Trade and Gender Office as an activity under the Chairs Programme, and with the support of the Ministry of Economy.
    This event will consolidate discussions on the seven different pillars of inclusivity with the goal of publishing an extremely relevant book.
    This book will include perspectives from different regions of the world, drawing on experience from trade negotiators and policy makers in Africa, New Zealand, Asia, and Europe. I would like to thank each of the other WCP Chairs involved as well – the network in Brazil, Chile, Colombia, Costa Rica, and Peru. We recognize that your efforts on this topic have boosted its visibility.
    There is of course no part of the world where the diverse needs of women, indigenous peoples, youth, individuals with disabilities and other marginalized groups are not important.
    Trade and women
    Trade contributes to SDG 5 by creating economic opportunities for women and increasing their income. Firms that export employ more women than men and provide them with formal jobs. This secures their economic empowerment. Similarly, women entrepreneurs can gain from expanding to foreign markets, as trade can help them strengthen and diversify their economic activities. Evidence shows that this leads to changes in women’s social status and improves their rights.
    However, trade is not gender-neutral. Women face higher barriers than men in accessing the opportunities created by trade. Data shows that these barriers are often grounded in negative social norms. In fact, according to the World Bank, women have only less than two thirds of rights of men. This is why governments have been developing gender-responsive trade policies, with measures supporting women in reaping the benefits of trade and sometimes directly addressing these social imbalances.
    Women are highly active in targeting international markets. Globally, women comprise two fifths of entrepreneurs (40%) serving a national or international market, while men comprise three fifths (60%) in both cases.
    Discussions at the WTO
    At the WTO, in the last 8 years, members have joined forces to ensure that trade acts for the benefit of women’s empowerment. Over two-thirds of the membership are actively working to address the trade barriers faced by women.
    In 2020, we reached an important milestone and established the Informal Working Group on Trade and Gender.
    This initiative, which began in 2017 on the sidelines of the 11th Ministerial Conference, brought together 118 WTO members and observers to promote women’s participation in global trade. The primary goal of this Working Group is to mainstream gender in the work of the WTO and in trade policies.
    At the 13th WTO Ministerial Conference, ministers collectively acknowledged the intrinsic links between women’s economic empowerment, trade and sustainable development. Furthermore, the co-chairs of the Informal Working Group issued a powerful statement that reaffirmed our commitment to advancing gender equality within the trade sphere, highlighting the significant achievements of WTO members’ joint work and taking bold commitments.
    At the Ministerial Conference, members have also launched the first gender-responsive trade policy tool, in the form of a compendium mapping all the measures they implement to support women entrepreneurs’ access to finance.
    Our approach to this issue has been both cross-cutting and collaborative, particularly through the World Trade Gender Research Hub.
    Created in 2021, the Hub gathers 45 researchers and experts on trade and gender, including some Chairs.
    The WCP Latin American and Caribbean Network is well known for its work on trade and gender – and I’m proud to congratulate the WCP Co-Chair in Costa Rica on his appointment as a member of the Hub, bringing the total number of Chairs in this group to four.
    This year, the WTO will host the second edition of the World Trade Congress on Gender, under the theme “Gender Equality and Innovation, the Keys to Sustainable Trade”. We will organise this research conference in partnership with UN Women and jointly with the Hub. This year, it will gather more than 60 researchers to present groundbreaking work on trade, gender and innovation.
    Beyond research, the WTO has partnered with different organizations such as the World Bank, UNCTAD, the FAO and UN Women to develop effective solutions and drive progress.
    As you will also see from the discussions, inclusivity has several different facets.
    Our economies should not leave any communities at a disadvantage.
    Trade and disabilities
    Another stark reality we are faced with is that globally, one in six adults lives with some form of disability. They are a significant part of our global population, yet their economic needs and perspectives are frequently pushed aside in discussions about trade and economic policy. This does a tremendous disservice to them, and to economies as a whole.
    Our recent establishment of an informal, staff-level Inter-Agency Working Group on Trade and Disability Inclusion is a promising step forward in this area. Alongside UNCTAD, the ITC, and the ILO, we aim to empower governments to bring disability inclusion into their policy discussions, ensuring that persons with disabilities are fully supported and included in the global economy.
    Indigenous communities
    Trade is also significant for indigenous communities, in particular those that have been historically marginalized. In 2024, the WTO’s Small Business Champions Winners initiative focused on leveraging international trade to foster economic development and innovation for indigenous peoples worldwide.
    Trade provides them with essential economic opportunities, reducing poverty and economic disparities.
    Through their businesses, which emphasize environmental stewardship, it also benefits the wider economy by promoting sustainable and ethical consumption patterns. Supporting indigenous trade helps preserve unique cultural expressions, crafts, and arts that have been passed down through generations.
    Youth
    Also with the next generation in mind, the WTO has launched two major initiatives jointly with the WTO Gender Research Hub.
    In 2023, we organised the Youth Trade Summit on Gender with the objective of building the next generation of trade and gender experts. As an outcome of the Summit, in July 2024, we launched the WTO Youth Talent Incubator Programme to support young professionals from academia and government in integrating gender into their work.
    Let me add that the Chairs Programme itself expands access to trade-related education. Last year alone, over 330 WTO related courses took place through the programme. I hope you yourselves do not underestimate the significance of your work in this area.
    Conclusion and looking ahead to MC14
    Researchers at this event will talk about all of these inclusivity issues and expand them in new directions. It is also important for WTO Members to consider the complexities of how these factors interact.
    As we look ahead to the 14th WTO Ministerial Conference to be held in 2026, Members will be putting their focus on several areas that have also been part of the WCP network’s research.
    The second wave of fisheries subsidies negotiations, investment facilitation for development, and environmental sustainability are on the horizon. Members are also exploring new ways of making progress and breaking through on agricultural reform, and further engagement will continue under the multilateral programme on electronic commerce. I look forward to seeing the continued contributions of the Chairs Network in these areas.
    Let me end by saying that the WTO remains steadfast in its commitment to advancing inclusive trade. Our mission is to create a trade framework that reflects the diversity and needs of all societies, promoting equity and opportunity for all. With this objective in mind, I would certainly and strongly encourage continued collaboration between the WCP and the WTO Trade and Gender Office.
    Together, we can ensure that the multilateral trading system contributes to a more just and equitable global economy. And the book discussed today has its place in making this happen.
    Thank you.

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  • MIL-OSI United Nations: Experts of the Human Rights Committee Congratulate Zimbabwe on Passing a Law Abolishing the Death Penalty, Raise Questions on Land Reform and Judicial Independence

    Source: United Nations – Geneva

    The Human Rights Committee today concluded its consideration of the second periodic report of Zimbabwe on how it implements the provisions of the International Covenant on Civil and Political Rights.  Committee Experts congratulated the State for passing a law that officially abolished the death penalty, while raising questions on land reform and the independence of the judiciary.

    A Committee Expert congratulated the State party for passing the law that officially abolished the death penalty on 31 December 2024, which was a historic step forward, demonstrating the country’s commitment to protecting the fundamental right to life and human dignity of its people.  The Expert asked about measures Zimbabwe would take to incorporate the abolition of the death penalty into the Constitution and commute all death sentences that were pending rehearing.

    Another Committee Expert said a reliable report indicated that expropriated white-owned farms were often redistributed to the Zimbabwe African National Union – Patriotic Front elite, allowing high-level officials to bypass the one-farm-per-official policy.  What were the objective criteria for land redistribution, and what mechanisms ensured transparency and impartiality?

    One Expert said reports indicated that judges who had failed interviews had been appointed to the High Court, and that the judicial promotion process was not subject to the same level of public scrutiny as initial appointments.  How did the State party ensure that the public interview process was respected in practice, and that judges remained fully independent, including in high-profile cases involving the Government?

    Responding to questions, the delegation said Zimbabwe had embarked on phases of land reform, from 1980 to 2000 and from 2000 to the present day.  These reforms aimed to address inequalities in the country and decongest rural areas, as well as to enhance agricultural productivity.  The process continued to be fine-tuned, including through the Global Compensation Agreement signed in 2021, which outlined a mutual agreement to the payment of 3.5 billion United States dollars in compensation.  The payment of compensation was ongoing.

    The delegation said the Constitution stated that courts needed to operate free from interference.  In Zimbabwe, judges were not elected by the people, but rather were appointed by the President after consultation with the independent Judicial Service Commission, which had its own budget and was able to pay salaries for judicial officers, safeguarding them from outside influence.  A digital case management system had also increased judicial independence, ensuring the judiciary had sole autonomy regarding the allocation of cases to judges, without influence from the Executive.

    Presenting the report, Nobert T. Mazungunye, Deputy Minister of Justice, Legal and Parliamentary Affairs and head of delegation, said Zimbabwe was proud of the advancements achieved through significant legislative reforms, administrative measures and its strong commitment to democratic processes.  One of the most significant achievements in Zimbabwe’s human rights trajectory was the enactment of the Death Penalty Abolition Act on 31 December 2024, a historic milestone in the country’s development.

    On the death penalty, the delegation added that some 48 inmates who were due to be executed had had their executions halted.  They would all be brought before the court before renewed sentencing.   A bill to amend section 48 of the Constitution, a step in ensuring the death penalty was abolished, had been introduced by a member of the opposition to Parliament and was supported by the Government.

    Mr. Mazungunye said it was important to acknowledge that Zimbabwe continued to face a heavy burden due to the negative impact of unilateral coercive measures imposed by some Western countries.  These had suffocated Zimbabwe’s economy and undermined the Government’s capacity to fully implement programmes and initiatives that were critical to promoting and protecting civil and political rights.

    In concluding remarks, Mr. Mazungunye expressed gratitude for the opportunity to engage in dialogue with the Committee.  The State was dedicated to implementing the necessary steps to ensure the rights enshrined in the Covenant were fully realised by all Zimbabweans.

    Changrok Soh, Committee Chairperson, extended sincere appreciation to the high-level delegation of Zimbabwe for their willingness to engage in a constructive dialogue with the Committee.  Mr. Soh thanked all those who had contributed to the dialogue.

    The delegation of Zimbabwe was made up of the Permanent Secretary for Justice, Legal and Parliamentary Affairs and representatives of the Ministry of Justice, Legal and Parliamentary Affairs; Zimbabwe Prisons and Correctional Services; Zimbabwe Republic Police; Inter-Ministerial Committee; Ministry of Finance, Economic Development and Investment Promotion; Ministry of Home Affairs and Cultural Heritage; Ministry of Foreign Affairs and International Trade; and the Permanent Mission of Zimbabwe to the United Nations Office at Geneva.

    The Human Rights Committee’s one hundred and forty-third session is being held from 3 to 28 March 2025.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 3 p.m. on Monday, 11 March to begin its consideration of the seventh periodic report of Mongolia (CCPR/C/MNG/7).

    Report

    The Committee has before it the second periodic report of Zimbabwe (CCPR/C/ZWE/2).

    Presentation of Report

    NOBERT T. MAZUNGUNYE, Deputy Minister of Justice, Legal and Parliamentary Affairs and head of delegation, said Zimbabwe was proud of the advancements achieved through significant legislative reforms, administrative measures and its strong commitment to democratic processes.  The journey had been marked by a strong dedication to establish a more transparent, inclusive and participatory political environment.  One of the most significant achievements in Zimbabwe’s human rights trajectory was the enactment of the Death Penalty Abolition Act on 31 December 2024, a historic milestone in the country’s development.  By abolishing the death penalty, Zimbabwe had taken a decisive step towards aligning its legal framework with international human rights standards.  This Act represented a transformative shift in the country’s legal landscape; it replaced existing statutes with sentences focused on rehabilitation, proportionality and justice.

    The Constitution and the Electoral Act were amended to further enhance transparency, credibility, and inclusivity in the electoral processes.  These amendments extended the women’s quota for members of Parliament by two Parliamentary terms.  A youth quota was introduced and implemented in the National Assembly as well as a 30 per cent women’s quota for the local authorities.  To enhance transparency, 2023 harmonised elections were carried out in 46 counties and 17 continental and regional bodies.  Zimbabwe was party to the African Charter on Democracy, Elections and Governance of the African Union, reinforcing the country’s commitment to ensuring free, fair and transparent elections.

    To enhance welfare of citizens, including those in the diaspora, in December 2021, the Government launched the biometric e-passport and had since continued to ramp up the establishment of e-passport centres in destinations like South Africa and the United Kingdom, to ensure efficient, secure and expeditious passport processing for citizens living abroad.  The Government also enacted the Freedom of Information Act and the Maintenance of Peace and Order Act, providing for the constitutional rights of expression and freedom of the media.  The Act also provided for protection of the rights of freedom of assembly, association, demonstration and petitioning.

    A key step towards enhancing access to justice in Zimbabwe had been the decentralisation of courts, the Legal Aid Directorate, the Pre-Trial Division and the Community Service to districts, significantly reducing the geographical barriers faced by citizens in accessing judicial services.  The introduction of a performance management system for the judiciary improved its efficiency and effectiveness, and the Integrated Electronic Case Management System rolled out in superior courts was now being cascaded to the lower courts.  Zimbabwe had passed into law the Prisons and Correctional Service Act, which included explicit provisions on rehabilitation and correctional services which were not provided for in the previous statute.

    In 2024, Zimbabwe established an Independent Complaints Commission under the Independent Complaints Act, the mandate of which was to ensure transparency and fairness between the country’s security institutions and the public.  Citizens could report grievances against security personnel without fear; the Commission had the authority to investigate complaints, misconduct and abuse of power.

    It was important to acknowledge that the country continued to face a heavy burden due to the negative impact of unilateral coercive measures imposed by some Western countries.  These had suffocated Zimbabwe’s economy and undermined the Government’s capacity to fully implement programmes and initiatives that were critical to promoting and protecting civil and political rights.  The economic constraints caused by these illegal economic sanctions had hindered the provision of essential resources for governance, infrastructure development and social services.  Zimbabwe condemned these sanctions and continued to call for their immediate and unconditional removal.  Despite these challenges, Zimbabwe was steadfast in its commitment to promoting and protecting all civil and political rights.

    Questions by Committee Experts

    A Committee Expert congratulated the State party for passing the law that officially abolished the death penalty on 31 December 2024, which was a historic step forward, demonstrating the country’s commitment to protecting the fundamental right to life and human dignity of its people.  However, it appeared that there were still some issues that needed to be addressed by the State party to further affirm its commitment in this regard. The Committee was aware that notable steps had been taken by the State party in terms of improving respect for human rights in the country, however some issues of concern remained.

    It was understood that the State party was in the process of aligning subsidiary legislation to conform with 2013 Constitutional provisions, which was a welcome development. However, there were concerns that some of the ongoing Constitutional amendments had yielded regressive results that restricted rights to freedom of expression, assembly and association, including the Patriot Act, and the Maintenance of Peace and Order Act, among others.  What measures would the State party take to repeal legislative amendments that apparently impeded the exercise of fundamental rights and freedoms provided in the Constitution and the Covenant?  Would Zimbabwe withdraw the Private Voluntary Organization Bill and ensure the autonomy of civil society organizations to operate without reprisals? What steps would be taken to expedite the alignment of existing laws to ensure that such laws were fully in conformity with the Constitution and its obligations under the Covenant?

    Could the State party provide relevant examples of cases in which the provisions of the Covenant had been invoked by national courts?  Could the exact place of the Covenant in the hierarchy of laws in Zimbabwe’s legal system be clarified?  What measures were being taken to raise awareness of the Covenant among the public, Government officials, judges, lawyers and prosecutors?  The State party was considering ratification of the first Optional Protocol of the Covenant, which was a welcome development.  Could a timeline for this process be provided?

    The information provided by the State party regarding the Zimbabwe Human Rights Commission, including the functional mandates given to it under its establishment Act, were well noted and appreciated.  However, reports indicated that the Commission still faced several challenges in discharging its legal mandates in practice.  What steps did the State party plan to take to provide sufficient financial and human resources to the Commission to enable it to carry out its mandate? The Commission’s independence appeared to be threatened by the backlash from the Executive, when the latter sought to cover up accountability.  What steps would the State party take to ensure the independence of the Commission free from undue interference by the Executive, including aligning the Commission’s Act with the 2013 Constitution?  What steps would be taken to adopt a clear, transparent, participatory and merit-based process for the selection and appointment of the senior leadership of the Commission?

    The Expert welcomed the ruling of the High Court of Zimbabwe that section 2(1) of the Termination of Pregnancy Act of 1977 was unconstitutional and invalid.  This ruling broadened access to safe and legal abortion for minors and survivors of rape, including marital rape.  What steps would the State party take to revise the relevant provisions of the Termination of Pregnancy Act with a view to bringing it into conformity with the ruling of the High Court?  Reports from several stakeholders indicated that women continued to face barriers in accessing basic sexual and reproductive health services and unsafe abortions, contributing significantly to the high maternal mortality rate in Zimbabwe.  Could updated statistics on maternal and infant mortality in urban and rural areas be provided?  What efforts were underway to reduce high rates of maternal mortality and ensure full and unimpeded access to sexual and reproductive health services and contraception?

    Zimbabwe had taken a commendable step in passing the 2024 Death Penalty Abolition Act, marking a significant milestone toward affirming the fundamental right to life and human dignity in the nation’s history.  However, it appeared that further steps needed to be taken by the State party to remove any uncertainty about its firm commitment towards abolishing the death penalty.  What measures would Zimbabwe take to remove the provision which allowed for the reinstatement of the death penalty in cases of states of emergency; to ratify the Second Optional Protocol to the Covenant; incorporate the abolition of the death penalty into the Constitution of Zimbabwe; and commute the sentences of all persons sentenced to death that were pending rehearing?

    The Zimbabwe Anti-Corruption Commission had a clear constitutional foundation.  However, it was allegedly being operated to target political opponents and used as a tool for short-term arbitrary detentions.  Who nominated the eleven members of the Commission and what criteria guided their selection?  How was the organization administered in practice?  Additionally, the Committee has received information that in May 2018, a new entity was established, seemingly bypassing the Commission.  Did the new entity have a constitutional basis?  How was it currently operating?  What types of cases had been brought to the anti-corruption courts, and what was the ratio of those that had resulted in convictions or penalties?

    A reliable report indicated that expropriated white-owned farms were often redistributed to the Zimbabwe African National Union – Patriotic Front elite, allowing high-level officials to bypass the one-farm-per-official policy.  What were the objective criteria for land redistribution, and what mechanisms ensured transparency and impartiality?  What measures had the State party implemented to prevent threats against magistrates and judges handling corruption cases?  Could information be provided on specific cases, particularly those of Hopewell Chin’ono, an award-winning journalist, and Jacob Ngarivhume, the leader of the political group Transform Zimbabwe?

    Zimbabwe faced serious environmental challenges but was a party to numerous treaties and had demonstrated strong commitment to various programmes and strategies aimed at addressing these issues.  How did the Government assess their effectiveness, and what measures were in place to strengthen enforcement?  Concerns had been raised about illegal mining in Chimanimani National Park, allegedly involving park rangers; what actions were being taken to address these issues?  How was international climate-related funding being redistributed, particularly at the local level?  Could a more detailed explanation of the current disaster risk management strategies be provided?  Was knowledge of disaster preparedness, including early warning systems, widely disseminated among local communities?  How did the Government ensure that vulnerable populations were adequately informed and equipped to respond to disasters?

    Did the State party plan to accede to the Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment and the International Convention for the Protection of All Persons from Enforced Disappearance?  Were there any obstacles preventing accession?  Could the State party confidently assert that the existing provisions fully covered torture and cruel, inhuman, or degrading treatment?  What oversight mechanism did the State party have in place to ensure the protection of torture and enforced disappearances?  Could the State party provide statistical data on the number of complaints received regarding misconduct by law enforcement and the security forces, and the corresponding investigations?  Could information be provided on human rights training provided to judges, prosecutors, and law enforcement and security forces?

    Another Expert said the Committee had several questions regarding the State party’s efforts to combat impunity for past violations of the Covenant.  The oldest of these incidents related to the Chihambakwe Commission established to investigate atrocities committed by State security forces in the Matabeleland and Midlands provinces in the 1980s.  Why was the Commission’s report never published?  Had the National Council of Chiefs’ Community Engagement Manual been implemented?  What was the status of the community engagement programme announced in July 2024 to promote healing in the two provinces?  Would the previous granting of amnesty to security forces affect the State party’s ability to hold perpetrators accountable?  The Committee also had questions about election-related violence in 2008, when State security forces engaged in abductions, arbitrary arrests, torture, and extrajudicial killings, with no substantial investigations taken nor any prosecutions of the perpetrators.  What steps would be taken to address these issues?

    In 2018, security forces killed six individuals and injured 35 others in acts of electoral violence.  Zimbabwe created an International Commission of Inquiry to investigate this violence, but the State party had reportedly not implemented the recommendations of the Commission; what steps would be taken to address this?  The Committee commended Zimbabwe for creating the National Peace and Reconciliation Commission, which investigated hundreds of complaints and provided redress to victims.  What concrete steps would the State party take towards achieving the unfulfilled objectives of the Commission? 

    Credible reports had been received of widespread discrimination on the basis of sexual orientation, including that individuals had been fired or forced to resign from their employment due to their sexual orientation, often after being harassed. What measures were being taken to prevent discrimination on all grounds prohibited by the Covenant, including sexual orientation?  Did Zimbabwe have plans to adopt foreign funding restrictions for lesbian, gay, bisexual, transgender and intersex rights advocates?  Would the State party consider decriminalising consensual same-sex relations?  What measures were planned to enhance the participation of persons with disabilities in political processes, as well as their social inclusion?  Could statistical data on complaints of discrimination be provided?  The Committee was disturbed by reports of hate crimes and hate speech against individuals based on their sexual orientation, gender identity, disability or HIV status.  Could information be provided on investigations into these incidents, and other measures taken to prevent and punish hate crimes and hate speech, including by public officials?

    What measures were being taken to improve the implementation of existing laws and policies to ensure gender equality in public and political life?  The Committee commended the State party for amending the Data Protection Act to criminalise online gender-based violence.  Could information on its implementation and efforts to raise public awareness be provided?  What remedies were provided to victims?

    Another Expert commended Zimbabwe for the large component of women in the delegation, which was great to see.  Reports from different sources had shown that despite the enactment of the Domestic Act in 2006, 25 years ago, domestic violence remained a serious problem, and prosecution was rare.  Could information be provided on recent measures to prevent, combat and eradicate all forms of violence against women, including sexual and domestic violence? What steps were taken to address the issue of femicide, and to prevent and track it?  What had been done to encourage the reporting of cases by victims; address the low rates of prosecution of cases of violence against women; and to investigate the cases of sexual violence committed by security forces in January 2019, and bring perpetrators to justice?

    There were allegations of unlimited time for pre-trial detention, especially for political detainees. What measures were being taken to ensure the full respect of basic procedural safeguards for detained persons? What steps had been taken to reduce the use and duration of pretrial detention and to use non-custodial alternative measures?  Could the delegation comment on the situation of juvenile detainees, as well as on reports of arbitrary arrests and detention of political opposition, trade union leaders and protestors?

    Responses by the Delegation

    The delegation said a bill was in place to ensure civil society organizations declared their sources of funding.  There were around 4,000 civil society organizations on the ground in Zimbabwe. Amendments were part of a host of measures Zimbabwe had taken to align itself to the mutual evaluation issued in 2016 by the Eastern and Southern Africa Anti-Money Laundering Group, where it was rated compliant in 20 out of 40 recommendations.  Now it was rated as compliant in 30 out of 40 recommendations.

    Those exercising freedom of expression should not infringe on other people’s rights. Legislation aimed to ensure that police were present to offer security and to regulate gatherings.  Out of 234 laws which had been identified as requiring alignment with the Constitution, just 15 remained outstanding.  A statutory instrument was passed in 2024 which banned illegal mining.

    The Chairperson of the Zimbabwe Human Rights Commission was appointed in consultation with the President and the Judicial Services Commission.   The Committee on Standing Orders was also consulted.  The State had an obligation to fund its own institutions and the Human Rights Commission. Approval for external funding was necessary in any democratic society, as this could be an avenue for money laundering.

    Atrocities had occurred in rural areas, and chiefs were coordinating a programme for the healing of victims and their families.  There was talk of compensation to be provided to the families of victims. Church leaders were also involved in these activities.

    Zimbabwe had removed the death penalty, and the defence act had been amended, with the section on the death penalty no longer in place.  Zimbabwe had started the process to amend legislation to ensure the right to abortion could be enjoyed by women.

    The Zimbabwean Constitution discouraged same-sex marriages.  There were same-sex couples in Zimbabwe who lived peacefully in the country.  However, marriage between these people could not be permitted in law due to the State’s customs.  It was possible that this could change in the future.

    Section 85 of the Constitution dealt with the enforcement of fundamental rights, and courts were flooded with citizens seeking redress under this section.  The Constitution had an educational philosophy which was human rights based.  Zimbabwe had progressed tremendously in the appointment of women in higher positions, with the Prosecutor-General and Attorney General both being women.  The Constitution had also been amended to provide for female quotas in Parliament.  Every elected member of Parliament was entitled to a constituent development fund.

    All victims of violence were provided adequate protection under Zimbabwean law.  It was not true that members of the opposition were denied bail.  The Executive did not interfere with the deliberation of court cases.  The denial of bail was subject to the law; this was the prerogative of the judiciary and not the Executive.

    Zimbabwe had embarked on phases of land reform, from 1980 to 2000 and from 2000 to the present day. These reforms aimed to address inequalities in the country and decongest rural areas, as well as to enhance agricultural productivity.  They had been successfully implemented and were irreversible.  The process continued to be fine-tuned, including through the Global Compensation Agreement signed in 2021.  The agreement outlined a mutual agreement to the payment of 3.5 billion United States dollars in compensation.  The payment of compensation was ongoing and was a work in progress.

    The National Peace and Reconciliation Commission had closed but had not completed its mandate, due to financial restraints.  The Government was making significant strides to ensure there would be a replacement, as healing was still needed.  A body like the Commission would be beneficial to the country, as it would complement the work being undertaken by the chiefs.

    Civil society organizations were always invited to contribute to reports, and those who were willing provided their inputs.  The Government always held consultations with these organizations.

    Zimbabwean legislation took precedence over international laws.  When international laws were not in conflict with Zimbabwean laws, the courts normally used the international laws to ensure justice was served.  So far, seven out of nine human rights treaties had been ratified. Consideration of ratification of the remaining two was ongoing.

    Regarding the death penalty, meetings had been held with the relevant stakeholders to operationalise the act.  Some 48 inmates who were due to be executed had had their executions halted.  They would all be brought before the court before renewed sentencing.  Prior to this, a list of all inmates on death row would be compiled.  The circumstances of each accused person would be considered separately, including how they had behaved in prison, when it came to issuing their new sentence.

    Laws ensured no one in Zimbabwean society was discriminated against, particularly based on gender and disability. A national disability policy had been established in 2021, focusing on non-discrimination.

    Following the reforms to the Constitution, an accused person who was arrested needed to be brought before the courts within 48 hours, meaning long periods of pretrial detention no longer existed.  Courts were even open on Saturdays for this purpose.  If longer detention was required, this had to be specially requested.

    Following the events of the August 2018 election, a Commission of Inquiry was established by the President.  The report issued by the Commission found that there was no evidence to suggest that the six individuals in question were killed by State security forces.

    It was a crime to abuse a woman, and women who had been abused had reported their cases to the police.  Issues of abuse were often linked to relationships, which made prosecution complicated.  In Zimbabwe, there were no selective approaches when it came to bringing accused persons before the courts.

    Follow-Up Questions by Committee Experts

    Committee Experts asked follow-up questions on whether there was evidence that civil society organisations had funded terrorist activities in Zimbabwe; the proposed registration of non-governmental organizations; whether the death penalty would be abolished in the Constitution, and whether there were plans to ratify the second Optional Protocol to the Covenant; discrimination against lesbian, gay, bisexual, transgender and intersex persons in the workforce, and specific provisions addressing it in the Criminal Code; how the legal framework around hate speech was applied and how reports on hate speech were investigated; the experience of the State party in implementing the act on cyber violence, and other steps taken to prevent cyber violence against female political candidates; and the operations of the Zimbabwe Anti-Corruption Commission and statistics around cases brought to courts and convictions enacted.

    Responses by the Delegation

    The delegation said the amendment of section 48 of the Constitution was the first step in ensuring the death penalty was abolished.  The abolition of the death penalty was an ongoing process.  A bill to amend section 48 had been introduced by a member of the opposition to Parliament and was supported by the Government.

    The private voluntary organization bill aimed to regulate the operations of the private voluntary organizations.  Its objectives included combatting financial crimes and monitoring funds, and ensuring private voluntary organizations operated transparently and used donor funds responsibly.  The bill included provisions to monitor foreign funding sources to ensure they aligned with national interests.  It addressed counter-financing of terrorist activities, including by identifying terrorist groups posing as private entities.  These amendments were part of a host of measures taken since the mutual evaluation report issued in 2016.

    State legislation criminalised cyber bullying and protected private data.  The Government firmly rejected any acts of torture and enforced disappearance.  It was firmly committed to upholding the rule of law.  The Government remained committed to ensuring a safe and conducive environment for women’s participation in politics.  There were no recorded cases of online harassment against female candidates.  Any woman who experienced online harassment was encouraged to report it. Investigations of hate speech followed due process.  Zimbabwe’s legal framework ensured juveniles were provided special care and protection in the justice system.  There was no selective evaluation of the law in Zimbabwe; all law enforcement agencies were expected to abide by the law.

    Questions by Committee Experts

    A Committee Expert said the Committee had received information that as of March 2020, the prison occupancy rate had reached 129 per cent and the conditions therein were harsh, due to overcrowding, poor sanitary conditions and a lack of medical care. There was only one prison holding boys alone, while girls were held with women.  Boys were frequently assaulted by older prisoners, despite the authorities’ attempts to keep them in separate cells.  What measures were being taken to address overcrowding, including through pre-trial detention centres?  Could the delegation clarify whether basic services were being denied to those in places of deprivation of liberty?  Were juveniles and adults kept separately?  Were monitoring visits conducted to places of deprivation of liberty?

    Could information on the legal and regulatory framework governing the right to freedom of expression and its compatibility with the Covenant be provided?  What measures were in place to protect journalists from attacks and arbitrary detention?  How was it ensured that all cases of violence against journalists were investigated?  Could the State party comment on refusals to grant radio licences, which were important in a society where many people relied on the radio for information, and media shutdowns?

    The Committee had serious concerns about the Government’s approach to dealing with peaceful assembly.  Had the State party made any progress toward ensuring that the laws governing freedom of assembly were in full conformity with the Covenant?  Could the delegation comment on allegations of the disproportionate presence of the military at peaceful assemblies, and of excessive use of force resulting in injuries and killings in August 2018 and January 2019? Could information be provided about complaints received in the last eight years concerning this serious issue, investigations conducted and punishments issued to perpetrators, as well as redress provided to the victims.

    The Committee was concerned about child abuse in the State party, including incest, infanticide, child abandonment and rape.  Reports indicated that 15,000 cases of child abuse had been received via the national helpline.  Despite legal prohibition, some rural families and religious sects continued to force girls into underage marriages.  The proportion of orphans in the country remained high, most of whom had lost one or both parents to HIV.  These children were more likely to be abused and not enrolled in schools and were vulnerable to HIV and homelessness.  Could information be provided on measures taken to combat child abuse, corporal punishment and traditional harmful practices, including child marriages?  What had been done to assess the situations of orphans, homeless children and children with disabilities in the State party?  What was the current minimum age of criminal responsibility?  Were there any plans to raise it to over ten years?

    Another Expert said the Committee appreciated steps to reduce the judicial backlog, including through the integrated electronic case management system and the restructuring of the courts.  However, reports described barriers to accessing the case management system; how were these being addressed?  What steps was the State party taking to ensure timely and efficient access to justice, including in high profile cases?  The Committee commended steps taken to strengthen Zimbabwe’s free legal aid system. Did the State party intend to provide additional resources for legal aid services?  Would it consider extending legal aid to all cases?

    The Committee understood that judges were appointed through public and merit-based interviews. However, reports indicated that judges who failed these interviews had been appointed to the High Court, including in June 2024, and that the judicial promotion process was not subject to the same level of public scrutiny as initial appointments.  How did the State party ensure that the public interview process was respected in practice?  The Committee was also concerned by reports of intimidation of judges, including threats by a high-level Government official after the High Court decided that extending the Chief Justice’s term beyond retirement age was unconstitutional. Could the State Party comment on these reports?  How did the State party ensure that judges remained fully independent, including in high-profile cases involving the Government?

    The Committee was aware of reports indicating that the State party had applied privacy and data-protection laws to engage in intrusive surveillance, such as monitoring citizens’ financial transactions and social media usage and gathering precise geolocation data on opposition politicians and activists.  How did the State party prevent abuses of these broad surveillance powers, protect personal data, and avoid arbitrary interferences with privacy? The Committee had received credible reports of recent surveillance targeting journalists and political opponents. For example, in February 2024, the NewsHawks investigative outlet was forced to halt coverage of alleged military corruption after its journalists were surveilled and threatened.  How did these surveillance activities comply with the right to privacy?  The State party had acquired sophisticated Chinese surveillance technologies, including facial recognition systems from CloudWalk and communications interception technology from the surveillance company Circles.  Could information about the legal framework governing the deployment of Chinese surveillance technologies be provided?  Were there safeguards in place to protect citizens’ rights?

    How did the 2014 Trafficking in Persons Act effectively address the practical challenges of combating human trafficking?  Were there any plans to amend the definition of trafficking to align more closely with international standards and ensure comprehensive protection for victims?  Could the State party provide a comprehensive overview of the measures taken to provide protection, rehabilitation, reparation, and reintegration services to victims?  How many shelters were available in the country and what efforts were undertaken to address child labour, particularly in commercial sexual exploitation, mining, and tobacco production?  What policies were in place to address human trafficking from sources other than Kuwait?

    Could the State party elaborate on the legal and factual elements considered when assessing asylum claims?  What safeguards were in place to ensure that assessments were conducted in line with international human rights standards, particularly regarding the principle of non-refoulement?  How did the State party respond to allegations of the mistreatment of prisoners? What measures were in place to prevent such mistreatment and ensure the safety and dignity of detainees?  Could statistical data, including the number of individuals expelled from Zimbabwe and the number of applicants who had failed in their asylum appeals, be provided?  What was being done to address concerns around stateless children, including through birth registration?

    Was there any statistical data available on prosecutions or penalties related to child marriage?  There were reports indicating that certain religious groups specifically promoted early marriage.  What challenges did the State party face in enforcing its prohibition policy in light of such religious influences?

    Although it was widely recognised that military recruitment in Zimbabwe had been voluntary since independence, the Constitution did not explicitly guarantee the right to conscientious objection to military service.  Could the Committee confirm whether the National Service Act of 1976 remained in force, given that it allowed for exemptions for individuals whose “bona fide religious beliefs” prevented them from performing national service?

    Another Committee Expert said reports before the Committee said there were several gaps in the legal framework that remained unaddressed for conducting free, fair and transparent elections.  What steps would Zimbabwe take to align the electoral legal framework to guarantee and protect fundamental freedoms?  How would it ensure that human rights defenders and civil society actors could carry out their activities without fear of harassment or intimidation?  What measures would the State party take to fully align the Electoral Act with the Constitution, to ensure free, fair and transparent elections in the future?  The absence of campaign finance regulations in the State party undermined the transparency and accountability of the electoral process in terms of establishing limits to donations from individual donors and the lack of caps on electoral campaign expenditures.  What steps would Zimbabwe take to adopt a comprehensive legislation regulating campaign financing?

    Several reports before the Committee raised concerns that the 2023 harmonised elections took pace in a restricted political environment and that the administration of elections had serious gaps in terms of independence and transparency.  Could the State party respond to such reports, and state what specific measures would be taken to address these concerns?  In May 2020, three female leaders from the political opposition party “MDC Alliance” were allegedly tortured, sexual assaulted and dumped 48 hours later outside Harare.  Could the State party provide information on investigations carried out regarding the alleged acts, and whether those responsible had been held to account and victims compensated?

    Responses by the Delegation

    The delegation said overcrowding was a challenge in Zimbabwe, but several strategies had been put in place to address this issue, including the parole system.  The Zimbabwe prison correction service was also relying on Presidential amnesty.  The rehabilitation activities implemented ensured that inmates were equipped with skills to foster a smooth reintegration into society.  A new prison was also being built to tackle the issue of overcrowding.  Steps were being taken to ensure that all detainees had access to medical care, which was a challenge.  Programmes and measures had been developed to ensure detainees received nutritional meals, including investment in sustainable agricultural practices.  The prison administration did not discriminate against any inmate based on their political affiliation or opinion.  No convicted inmates were housed in a remand prison.  Some 22 visits had been made to places of detention.  Zimbabwe was still grappling with the effects of sanctions imposed by Western countries.

    Children in conflict with the law were housed in the State’s juvenile detention centre, which was separate from adult prisons.  Eighteen years was established as the minimum age of marriage within the Constitution. Every child under the age of 18 had the rights to be protected from economic and sexual exploitation, neglect and all other forms of abuse.  In 2022, Zimbabwe passed the Marriage Act, which set the minimum age of marriage as 18 years and repealed previous customary law.  The Children’s Act aimed to prevent neglect, ill-treatment and exploitation, including by parents and guardians.  The national action plan for orphans and vulnerable children established child protection committees at various levels, ensuring collaborative efforts between the Government and civil society to protect children’s rights.  It was a criminal offence for parents to prevent their children to work in brothels.  A law criminalised child pornography and imposed severe punishments to offenders.  The national case management system offered a multisectoral approach to responding to child protection concerns.

    Currently the minimum age of criminal responsibility was set at seven years.  However, Zimbabwe was working on a child justice law which would set the minimum age of criminal responsibility at 12 years.  It was currently amending its laws on trafficking to strengthen enforcement and enhance victim protection.  Police officers received specialised training on trafficking, with a focus on victim identification, regional cooperation and human rights, among other topics.

    The Constitution stated that courts needed to operate free from interference.  In Zimbabwe, Judges were not elected by the people, but rather were appointed by the President after consultation with the independent Judicial Service Commission, which had its own budget and was able to pay salaries for judicial officers, safeguarding them from outside influence. A digital case management system had also increased judicial independence, ensuring the judiciary had sole autonomy regarding the allocation of cases to judges, without influence from the Executive.

    Currently, 14 community radio stations and six free to air television channels had been licensed in Zimbabwe; there was no monopoly on media access.  There was a legal aid directorate which extended to civil cases. The legal aid directorate mandated the Government to provide legal aid services to indigenous persons.

    The Constitution provided that any person who was detained had the right to conditions of detention consistent with human dignity, including the right to physical exercise, adequate accommodation, and nutrition.

    The Government’s law enforcement agencies maintained a balance between the right to demonstration and the rights of other citizens.  During demonstrations, police were authorised to use minimum force to disperse crowds conducting gatherings outside the framework of the law.  All political parties were supposed to notify the police of demonstrations, for the protection of other citizens.

    Children born to immigrant parents in Zimbabwe were given birth certificates, but certain criteria needed to be met, including proof of the child’s birth.  Parents’ statelessness needed to be clearly established through documents.  There needed to be proof of residence in Zimbabwe.

    A data and cyber protection law was in place to safeguard citizens’ personal and institutional data from cyber threats and breaches.

    Legal aid was only available for accused persons facing murder charges.  Those being charged with murder could not appear in the High Court without a lawyer.

    If the Zimbabwean Election Commission could access foreign funding, it could be exposed to the influence of outside parties.  The State ensured the Commission was adequately funded so it could carry out its mandate.  A recent legal amendment stipulated that judges could be elected up to the age of 75 years; this represented an improvement in the State’s jurisprudence. The Government was not aware of the Chinese surveillance system mentioned by the Committee.  This would be investigated further.

    Follow-Up Questions by Committee Experts

    The Committee asked follow-up questions on topics including human rights defenders and civil society actors being able to carry out their activities without fear of harassment; judges who had failed the interview process still being appointed to the High Court; the expected timeline for the amendments to the trafficking in persons act; the resources allocated to the national plan on trafficking in persons; whether a comprehensive assessment of the human rights impacts of sectors such as mining and tobacco had been conducted; how documentation challenges for stateless persons would be addressed; how it was ensured that the births of all children could be registered; and conscientious objection to military service.  The State was urged to dig deeper into the issue of Chinese surveillance technologies.

    Responses by the Delegation 

    The delegation said Zimbabwe needed to protect its sovereignty.  The State was suffering from the impacts of unilateral coercive measures.  It wished to stop actions which would affect the country in the long run.  There were provisions for an affidavit to be provided for those who did not give birth in a hospital to facilitate birth registration.  Only judges who passed interviews could be appointed to the High Court.   Judges in Zimbabwe were entitled to own houses and agricultural land, just like any other citizens.

    There were laws prohibiting child labour in Zimbabwe that set the minimum working age to 15. The State had ratified key international conventions in this regard, but implementation remained weak due to a lack of awareness.  Organizations including the United Nations Children’s Fund worked to rescue children from forced labour situations and reintegrate them into society. 

    Closing Statements

    NOBERT T. MAZUNGUNYE, Deputy Minister of Justice, Legal and Parliamentary Affairs and head of delegation, expressed gratitude for the opportunity to engage in dialogue with the Committee.  The discussions and recommendations demonstrated Zimbabwe’s collective commitment to protecting and advancing human rights in the country.  The State was dedicated to implementing the necessary steps to ensure the rights enshrined in the Covenant were fully realised by all Zimbabweans.

    CHANGROK SOH, Committee Chairperson, extended sincere appreciation to the high-level delegation of Zimbabwe for their willingness to engage in a constructive dialogue with the Committee.  Mr. Soh thanked all those who had contributed to the dialogue.  The discussion had explored Zimbabwe’s implementation of the Covenant, highlighting areas of progress and challenges that remained.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CCPR25.004E

    MIL OSI United Nations News –

  • MIL-OSI USA: NASA Astronaut to Answer Questions from Students in Oregon

    Source: NASA

    Students from Oregon will have the chance to connect with NASA astronaut Don Pettit as he answers prerecorded science, technology, engineering, and mathematics-related questions from aboard the International Space Station.
    Watch the 20-minute space-to-Earth call at 2:15 p.m. EDT on Monday, March 10, on NASA+ and learn how to watch NASA content on various platforms, including social media.
    Oregon Charter Academy, a virtual school serving thousands of kindergarten through 12th grade students statewide, is hosting an event in Wilsonville, Oregon, for students and their families. The event aims to raise awareness of career opportunities for aspiring STEM students.
    Media interested in covering the event must RSVP by 5 p.m., Friday, March 7, to Laura Dillon at ldillon@oregoncharter.org or 971-301-5060.
    For more than 24 years, astronauts have continuously lived and worked aboard the space station, testing technologies, performing science, and developing skills needed to explore farther from Earth. Astronauts aboard the orbiting laboratory communicate with NASA’s Mission Control Center in Houston 24 hours a day through SCaN’s (Space Communications and Navigation) Near Space Network.
    Important research and technology investigations taking place aboard the space station benefit people on Earth and lays the groundwork for other agency missions. As part of NASA’s Artemis campaign, the agency will send astronauts to the Moon to prepare for future human exploration of Mars; inspiring Artemis Generation explorers and ensuring the United States continues to lead in space exploration and discovery.
    See videos and lesson plans highlighting space station research at:
    https://www.nasa.gov/stemonstation
    -end-
    Abbey DonaldsonHeadquarters, Washington202-358-1600Abbey.a.donaldson@nasa.gov
    Sandra JonesJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: London ETO showcases Hong Kong’s thriving innovation and technology ecosystem (with photos)

    Source: Hong Kong Government special administrative region

    London ETO showcases Hong Kong’s thriving innovation and technology ecosystem (with photos)
    ******************************************************************************************

    The Hong Kong Economic and Trade Office, London (London ETO), in collaboration with Invest Hong Kong (InvestHK), the Office for Attracting Strategic Enterprises (OASES), and the Hong Kong Science and Technology Parks Corporation (HKSTP) hosted a seminar in London, the United Kingdom, on March 6 (London time) showcasing Hong Kong’s dynamic innovation and technology (I&T) ecosystem.     The seminar featured distinguished speakers who provided insights into Hong Kong’s future in I&T. In his opening remarks, the Director-General of the London ETO, Mr Gilford Law, emphasised Hong Kong’s role as a global I&T hub and gateway to the Greater Bay Area (GBA). “Hong Kong offers a dynamic business environment with world-class infrastructure, strong government support, and access to a wide network of investors and researchers. Our strategic location provides businesses with unique opportunities to tap into the growing GBA, particularly in key sectors such as artificial intelligence, fintech, and biotechnology.”     The Chief Executive Officer of the HKSTP, Mr Albert Wong, presented HKSTP’s thriving I&T ecosystem. He said, “As a growing engine situated at an international I&T hub in Asia, the HKSTP understands that nurturing next-generation I&T talent is as important as any R&D project, if not more. We’re currently an ecosystem that over 2 200 tech companies from 26 countries and regions call home, offering comprehensive support to more than 15 000 research and development professionals – a network we’re looking overseas to extend, and a number we’re eager to invest in for a sustainable future.”     Following this, the Deputy Director-General of the OASES, Dr Jimmy Chiang, provided an overview of I&T developments in Hong Kong. “The Hong Kong Special Administrative Region Government has been committed to advancing the I&T ecosystem through substantial efforts, which include significant financial investments in the past few years to establish new I&T infrastructures, foster international research collaborations, and offer a diverse range of funding schemes for I&T projects and companies. The development of new I&T zones within the territory provides tremendous opportunities for I&T enterprises, specifically in expanding their research and development functions,” he said.     The Head of Business and Talent Attraction/Investment Promotion of the InvestHK London Office, Ms Daisy Ip, concluded the seminar by highlighting Hong Kong’s strategic advantages for businesses and talent. “From Hong Kong’s world-class infrastructure and strategic location to our vibrant talent pool and government-backed initiatives, Hong Kong serves as a launchpad for those looking to scale, collaborate, and push boundaries both regionally and globally,” she said.     A networking reception was held immediately after the seminar. Around 80 participants joined the entire event, including representatives from local government and professionals from the I&T, business and academic sectors, providing an opportunity for further collaboration and discussions.

    Ends/Friday, March 7, 2025Issued at HKT 22:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Post event press release of Kolkata roadshow held on 7th March, 2025

    Source: Government of India

    Posted On: 07 MAR 2025 6:29PM by PIB Delhi

    The Ministry of Development of North Eastern Region (MDoNER) hosted the North East Trade and Investment Roadshow in Kolkata today. The roadshow evoked strong interest from potential investors who are eager to explore opportunities in the North Eastern States. The event was attended by the Hon’ble Minister of State for MDoNER & Ministry of Education, Dr. Sukanta Majumdar, along with senior officials from MDoNER, North Eastern Council and North Eastern States. The event marked another milestone in a series of successful roadshows across India and showcased the untapped potential of the North East India.

    Hon’ble Minister of State, MDoNER while addressing the Kolkata Roadshow highlighted the immense potential of North Eastern region. Sharing the vision of Hon’ble Prime Minister, he explained how North Eastern States offers great aspects for investment opportunities and building a “Viksit Bharat” together.

     He highlighted the major development initiatives in the infrastructure sector that have taken place in the North Eastern Region under the leadership of Hon’ble Prime Minister during the last 10 years, inter-alia, including expanding air, road and rail connectivity, waterways etc.  He also underlined that each of the eight states of the North East embodies unique strengths, resources and opportunities, making the region an invaluable asset in India’s growth story. From its rich cultural diversity to its natural beauty and strategic location, the North Eastern Region holds immense potential to emerge as one of the country’s leading economic powerhouses. Its proximity to Southeast Asia also positions the North Eastern Region as a gateway to South East Asian countries, aligning perfectly with India’s Act East Policy.

    He further stated that this roadshow serves as a vital platform for fostering policies that empower industries, attract investments and create an ecosystem conducive to sustainable growth, with key focus on areas like like IT & ITES, Healthcare, Agri and allied, Education & Skill Development, Sports & Entertainment, Tourism & Hospitality, Infrastructure and logistics; Textiles, Handlooms and Handicrafts and Energy. By forging stronger ties between Kolkata and the North East, it is aimed to create a synergy that leverages the strengths of both regions, fostering mutual growth and prosperity. He invited the dynamic business community of Kolkata to explore the potential of North Eastern Region and consider the North East not only as an investment destination but also as a region with a unique story and limitless potential. In his concluding remarks he invited investors to the North Eastern Region and play a key role in shaping the future of the region.

    Shri Dharmvir Jha, Statistical Adviser, MDoNER in his address on advantage North East and Opportunities for Investment and Trade emphasized that North Eastern Region has rich untapped potential. He informed that during the last 10 years there is a remarkable improvement in connectivity to the North Eastern Region whether it’s air, rail, road or waterways. Over the past decade, the government has successfully completed numerous pending projects, benefiting local communities and millions of people through various schemes/initiatives. He also highlighted the opportunities in the region in various sectors like IT & ITES, Healthcare, Agri and allied, Education & Skill Development, Sports & Entertainment, Tourism & Hospitality, Infrastructure and logistics; Textiles, Handlooms and Handicrafts and Energy. He stated that with ample opportunities across multiple sectors, North East India welcomes investors to explore its vast potential and be part of its growth journey.

    The representative of Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, gave a detailed presentation on the UNNATI Scheme, providing attendees with a comprehensive understanding of its benefits and associated incentives. He underlined that the UNNATI Scheme offers incentives to attract investors and manufacturing companies, supports the ‘Act East Policy,’ and promotes domestic manufacturing and services to reduce import dependence and enhance exports.

    Senior officials representing the North Eastern States shared actionable insights into emerging opportunities across various sectors. The Kolkata roadshow drew strong participation from industry leaders, further reinforcing the investment appeal of North East India. The event also featured several B2G meetings, providing investors with a platform to discuss their investment plans in the North Eastern Region. During the roadshow, investment interests of worth INR 12,516 cr were received in the form of intents/ MoUs.

    The Kolkata roadshow concluded on a positive note, with participants expressing keen interest in exploring collaborative ventures in the North Eastern Region. The event not only fostered meaningful dialogue but also laid the groundwork for future partnerships, driving economic growth and sustainable development in the region.

    *****

    Samrat/Dheeraj/Allein

    (Release ID: 2109184) Visitor Counter : 52

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Briefing – EU-UK relations on energy and climate – 07-03-2025

    Source: European Parliament

    Much of the relationship between the United Kingdom (UK) and the European Union (EU) is set out in the Trade and Cooperation Agreement (TCA), which came fully into force in May 2021. The depth and complexity of relations between the EU and the UK following the latter’s withdrawal on 31 January 2020 vary depending on the policy area concerned. For example, the TCA devotes many more articles to energy relations than to climate relations. This is due to a variety of reasons, but can often be partially explained by the depth of previous relationships, as well as physical infrastructure already in place (such as electricity and gas interconnectors between the UK and EU Member States). In the context of Russia’s full-scale invasion of Ukraine, the UK and the EU have increased their coordination, particularly on energy. At the same time, both the EU and UK are moving ahead on energy and climate issues at different paces. Concerns therefore exist that differing regulatory approaches might result in discrepancies that could hamper trade between the EU and the UK. The TCA provisions on energy cooperation will expire on 30 June 2026, unless the UK and EU jointly decide to renew them. In that context, experts have proposed several areas where the parties could renew and deepen their cooperation. This updates an EPRS briefing first published in June 2023.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Future of fishing quotas and access to UK waters after June 2026 – P-000518/2025(ASW)

    Source: European Parliament

    While quota shares of jointly managed stocks are stable from this year onwards, as established by the Trade and Cooperation Agreement[1] (TCA) reciprocal access to waters is in principle subject to annual consultations after July 2026.

    Any such annual consultations must be conducted in good faith and with the objective to ensure a mutually satisfactory balance between the interests of both Parties and should normally result in access being provided at a level reasonably commensurate with each Party’s share of the total allowable catches (TACs).

    The EU and the United Kingdom have a mutual interest in cooperating in fisheries, working closely within the Specialised Committee on Fisheries and having successfully agreed on annual basis on TACs for jointly managed stocks since 2021.

    Though access adds a further element to this, in the event of a withdrawal or suspension of access by one Party after July 2026, the relevant provisions of the TCA would apply.

    Either Party may take compensatory measures commensurate to the economic and societal impact of the change in the level and conditions of access to waters. Such measures may include suspending access to waters and the preferential tariff treatment granted to fisheries products under the TCA.

    The Fisheries Heading is an important element of the balanced commitments under the TCA. In the mission letter of the Commissioner responsible for fisheries and oceans[2], the President of the Commission highlights the importance of fairness and a level playing field for EU operators, while stressing the need to work towards securing stable and predictable access to waters.

    The Commission is fully committed to defending the EU interests, to ensure long-term stability beyond July 2026.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2021.149.01.0010.01.ENG&toc=OJ%3AL%3A2021%3A149%3ATOC
    • [2] https://commission.europa.eu/document/028ce7d5-e328-4416-8f0d-35c8884acaa8_en
    Last updated: 7 March 2025

    MIL OSI Europe News –

  • MIL-OSI USA: Welch Presses Deputy Treasury Secretary Nominee on How Trump’s Tariffs Will Raise Costs for Vermonters

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Deputy Secretary of the Treasury to Welch: Tariffs “may find its way into prices.”
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, this weekpressed Michael Faulkender, President Trump’s pick for Deputy Secretary of the Treasury Department, on how the Trump Trade War will raise costs for Vermont families. Senator Welch outlined the impact of Trump’s new proposed tariffs on imports from Canada, and potential retaliatory tariffs, which will result in higher costs and hurt employment for Vermonters. 
    “I’m getting increasingly concerned about where the economy is going, and there are a number of things I think we can’t ignore…There are policies that are creating an enormous amount of anxiety—certainly in Vermont—and that’s the tariffs,” said Senator Welch. “So, you’re telling me that the President is willing to make Vermonters pay 40 cents a gallon more for gasoline, maybe 10-15% higher for electricity, and 10-15% higher for home heating fuel. For our maple sugar producers to pay 25% more for the equipment they use—that that’s okay with the President?” 
    Watch the exchange between Senator Welch and Michael Faulkender, President Trump’s pick for Deputy
    Secretary of the Treasury Department: 
    Read excerpts of their exchange below: 
    Sen. Welch: I just asked a very specific question…A Vermonter says, ‘Peter, how are we going to handle this? This is not a good thing for us.’ And I’m asking you: how are we going to handle this? They don’t want to hear about, ‘the President’s economic plan.’ They want to know how they’re going to pay their home heating bill.  
    Mr. Faulkender: Right, and the way that we’re going to do that is to bring down energy prices by unleashing American energy. Bring down the cost of food and clothing and other aspects that Vermonters and Americans rely upon by bringing down regulation.  
    Sen. Welch: Well, I’m all for dealing with regulation, but you could have regulation without higher tariffs, right?  
    Mr. Faulkender: And then on the tariffs, I think that the President’s objective is to address long-standing inequities in our international trade practices.  
    Sen. Welch: I’m talking about Canada. 
    Mr. Faulkender: As the president has explained the Canada tariffs are to get them to focus on the fentanyl crisis that has been causing deaths,  
    Sen. Welch: You know, I understand that at the southern border we’ve got full cooperation with Canada they hate fentanyl just as much as we hate fentanyl. 
    •••
    Sen. Welch: You are talking about what the president’s goal is. I’m asking you as an economist, okay? There is a price that Vermonters will pay with these increased tariffs on Canada. Is that right or is that somehow magically wrong?  
    Mr. Faulkender: I think that to the extent that the promise of these tariffs will compel the Canadians to take greater effort to address their role in the fentanyl crisis then the President would be willing to remove those tariffs in order to have extracted that assistance.  
    Sen. Welch: I’ll try to make this clear: Will a 25% increase in tariffs, on those items I mentioned—home heating fuel, electricity, gasoline—mean that Vermonters pay more for home heating fuel, gasoline, and electricity?  
    Mr. Faulkender:  Again Senator, it depends upon whether the Canadians take the steps the President’s looking for and whether those tariffs will remain in place.  
    Sen. Welch: But the tariffs are in place. I’m just asking whether those 25% tariffs will mean…Will Vermonters pay more as a result of those tariffs?…Does that mean Vermonters are going to pay more or less?  
    Mr. Faulkender: It’s split three ways. Some of it is going to show up in the exchange rate between the Canadian dollar and U.S. dollar, some of it will be absorbed by the Canadian producers, and then some of it may find its way into prices in a one-time adjustment.  
    Earlier this week, Senator Welch invited Allison Hope, Executive Director of the Vermont Maple Sugar Makers’ Association, to be his guest for President Trump’s Joint Address to Congress. The Senator and Ms. Hope joined Senate Democrats for a press conference on Capitol Hill to share how Trump’s Trade War will hurt Vermont’s maple industry. 
    In February, Senator Welch took to the Senate floor to blast the proposed tariffs, which would be a tax on Vermonters. Senator Welch shared stories from Vermonters about how President Trump’s economic policies will impact their family, farm, and community. Watch his speech on the Senate Floor here and read his remarks as delivered here. 

    MIL OSI USA News –

  • MIL-OSI: Cross Trade Pro Sets New Industry Standard with 99.9% Trade Execution Accuracy

    Source: GlobeNewswire (MIL-OSI)

    London, UK, March 07, 2025 (GLOBE NEWSWIRE) — Cross Trade Pro has once again raised the bar for the global trading industry by achieving an unprecedented 99.9% trade execution accuracy. This milestone cements its position as the most advanced and reliable trading platform, offering traders seamless execution, zero slippage, and superior market performance.

    With cutting-edge AI-driven technology, deep liquidity pools, and an ultra-fast execution engine, Cross Trade Pro is redefining how traders interact with global financial markets. Whether it’s crypto, forex, or commodities, traders can now trade with confidence, knowing that their orders are executed with unmatched precision.

    Setting a New Benchmark in the Trading Industry

    The global trading landscape is evolving rapidly, with technology playing a crucial role in improving efficiency, reducing errors, and maximizing profitability. Many platforms struggle with slippage, delays, and inconsistent order execution, leading to missed opportunities and financial losses for traders.

    By reaching an industry-leading 99.9% trade execution accuracy, Cross Trade Pro eliminates these concerns, providing a seamless and frictionless trading experience. Unlike traditional platforms that rely on outdated order-matching systems, Cross Trade Pro leverages high-frequency trading (HFT) algorithms and deep liquidity aggregation to ensure near-instant trade execution at the most favorable prices.

    How Cross Trade Pro Achieves 99.9% Trade Execution Accuracy

    Achieving this level of precision is no small feat. Cross Trade Pro utilizes a combination of cutting-edge technologies and strategic partnerships to deliver flawless execution.

    1. AI-Powered Smart Order Routing (SOR)

    Cross Trade Pro’s advanced Smart Order Routing (SOR) system scans multiple liquidity providers and exchanges in real-time to find the best available prices for traders. By analyzing order books and depth-of-market data, SOR ensures that every trade is executed at the optimal price with minimal latency.

    2. Ultra-Low Latency Trading Infrastructure

    Latency is a trader’s worst enemy, often leading to slippage and price discrepancies. Cross Trade Pro has invested heavily in state-of-the-art trading infrastructure, utilizing high-speed data centers located near major financial hubs, fiber-optic connectivity for lightning-fast data transmission, and cloud-based order processing for maximum efficiency.

    With execution speeds measured in microseconds, traders experience real-time responsiveness like never before.

    3. Deep Liquidity and Multi-Exchange Connectivity

    Liquidity fragmentation is a major challenge for traders, especially in volatile markets. Cross Trade Pro integrates with leading liquidity providers, banks, and global exchanges, offering traders access to institutional-grade liquidity for large orders, tighter spreads and better pricing, and reduced slippage for high-frequency trading strategies.

    This ensures that even during high market volatility, traders get the best possible execution rates.

    4. Cutting-Edge Risk Management Technology

    Trading involves risk, and mitigating it is crucial. Cross Trade Pro employs AI-driven risk management tools to detect and prevent trade anomalies, identify and mitigate potential slippage in real-time, and ensure order book stability even during rapid price movements.

    This results in greater stability, security, and confidence for traders executing both small and large-volume trades.

    What 99.9% Trade Execution Accuracy Means for Traders

    The impact of this milestone cannot be overstated. Traders on Cross Trade Pro now enjoy:

    • Zero Slippage Execution – Orders are matched precisely at the entered price, avoiding unnecessary losses.
    • Instant Market Access – High-frequency traders (HFTs) and algorithmic traders can execute strategies without execution delays.
    • Lower Trading Costs – Reduced spreads and higher liquidity translate into cost savings for every trade.
    • Higher Profit Potential – Traders can capitalize on market opportunities faster and with greater precision.

    This level of execution accuracy makes Cross Trade Pro the go-to platform for institutional traders, hedge funds, and retail investors alike.

    Industry Experts React to Cross Trade Pro’s Breakthrough

    The trading community has taken notice of Cross Trade Pro’s latest achievement. Industry leaders and professional traders have lauded the platform’s commitment to innovation and performance.

    “99.9% execution accuracy is a game-changer. It eliminates the uncertainty that comes with market fluctuations, giving traders an edge over competitors,” said David Larson, a veteran forex trader.

    Another professional trader, Emma Reynolds, praised the platform’s efficiency, stating:
    “Having traded on multiple platforms, I can confidently say that Cross Trade Pro offers the fastest and most reliable execution I’ve experienced.”

    The Future of Trading with Cross Trade Pro

    With a mission to empower traders with cutting-edge technology, Cross Trade Pro is continuously evolving. The company is investing in even more AI-driven features, enhanced analytics, and next-generation trading algorithms that will further optimize the trading experience.

    The roadmap for Cross Trade Pro includes:

    • Advanced AI Market Prediction Tools – Leveraging big data to anticipate market movements with higher accuracy.
    • Expanded Asset Offerings – Providing traders with more cryptocurrency pairs, forex options, and commodities.
    • User-Centric Interface Upgrades – Ensuring an even smoother and more intuitive trading experience.
    • Greater Institutional Access – Strengthening partnerships with hedge funds and liquidity providers.

    By staying ahead of technological trends, Cross Trade Pro ensures that traders always have a competitive edge in global markets.

    Join the Future of Trading with Cross Trade Pro

    The trading industry is rapidly changing, and traders need a platform that offers stability, reliability, and innovation. With its groundbreaking 99.9% trade execution accuracy, Cross Trade Pro is leading the charge toward a more efficient and profitable trading experience for all.

    Traders looking to maximize their profit potential, reduce trading costs, and gain access to superior liquidity can sign up today and start experiencing the future of trading.

    To learn more and start trading with unparalleled precision, visit Cross Trade Pro today. 

    The MIL Network –

  • MIL-OSI USA: Shapiro-Davis Administration Highlights Importance of Proposed 2025-26 StateBudget Investment for Victims Compensation and the Critical Role of theProgram for Victims and Survivors of Crime

    Source: US State of Pennsylvania

    March 07, 2025 – Lancaster, PA

    Shapiro-Davis Administration Highlights Importance of Proposed 2025-26 State
    Budget Investment for Victims Compensation and the Critical Role of the
    Program for Victims and Survivors of Crime

    The Pennsylvania Commission on Crime and Delinquency (PCCD), Victim/Witness Services of the Lancaster District Attorney’s Office, and other local victim service providers highlighted the importance of supporting victims and survivors of crime and to encourage support for the Shapiro-Davis Administration’s proposed $9 million investment in the Victims Compensation Assistance Program (VCAP) in the 2025-26 state budget.

    “No crime victim should have to worry about how they’ll afford medical bills. No family should have to struggle with funeral expenses for a loved one lost to violence. And no sexual assault survivor should have to worry about costs of counseling to overcome their trauma,” said Kathy Buckley, Director of PCCD’s Office of Victims’ Services. “That’s why VCAP is so essential- it’s more than just financial assistance; it’s a lifeline. We need to continue raising awareness about the vital impact of this program and the importance of the Shapiro-Davis budget investment in VCAP to ensure it remains available for Pennsylvanians who need it most.”

    VCAP serves as a critical financial lifeline for people who have experienced crime victimization. Each year, the program receives an average of 12,000 claims for eligible expenses including medical and counseling expenses, loss of earnings, loss of support, stolen cash, relocation, funeral costs, crime scene cleanup, and more. Over the past five years, PCCD has paid more than 67,000 VCAP claims totaling $67 million in eligible expenses for citizens across all 67 Pennsylvania counties.

    List of Speakers:
    Kathy Buckley, Office of Victims’ Services Director, PCCD
    Deanna Weaver, Victim/Witness Services Program Director, Lancaster County DA’s Office
    Mary Halye, Lancaster County Children’s Alliance Manager
    Christine Gilfillan, Domestic Violence Services of Lancaster County Director, Community Action Partnership
    Mandy Billman, Sexual Assault Prevention and Counseling Center Director, YWCA Lancaster

    MIL OSI USA News –

  • MIL-OSI USA: Klobuchar Statement on F1 Admitting U.S. General Motors/Cadillac team

    US Senate News:

    Source: United States Senator Amy Klobuchar (D-Minn)
    WASHINGTON – U.S. Senator Amy Klobuchar (D-MN) released the following statement on Formula 1 expanding and admitting the U.S. General Motors/Cadillac team to the grid. 
    “Last year, we took a stand when F1 sought to exclude General Motors/Cadillac from the F1 championship series despite meeting all technical and financial requirements to field a team. I am glad that F1 has reversed course and finally allowed an all-American team to compete,” said Klobuchar. “This is a win for competition, American manufacturing, and F1 fans.”
    In May 2024, Klobuchar, along with Senators Mike Lee (R-UT), Gary Peters (D-MI), Todd Young (R-IN), Alex Padilla (D-CA), Mike Braun (R-IN), and former Senator Debbie Stabenow (D-MI) called on then Assistant Attorney General for the Department of Justice Antitrust Division Jonathan Kanter and Federal Trade Commission (FTC) Chair Lina Khan to investigate the exclusion of the General Motors/Cadillac racing team  from entering the Formula One (F1) Championship series. They believe that F1 may have been violating antitrust laws by boycotting the American-based team to protect the value and reputation of foreign brands that race in F1.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Joint Statement: Business Secretary and Fujitsu Services Ltd

    Source: United Kingdom – Executive Government & Departments

    News story

    Joint Statement: Business Secretary and Fujitsu Services Ltd

    Joint Statement by UK Business and Trade Secretary Jonathan Reynolds and Paul Patterson, Director, Fujitsu Services Ltd, on Horizon redress

    Business and Trade Secretary Jonathan Reynolds today (Friday 7 March) met chiefs for Fujitsu in Tokyo to begin talks over the cost of redress for victims of the Horizon Scandal.   

    As part of a two-day visit to Japan, the Business Secretary met the company’s Chief Executive Takahito Tokita and Paul Patterson, Director of Fujitsu Services Ltd, and welcomed their commitments on compensation. 

    The meeting comes as new statistics published today show £768 million has been paid to over 5,100 claimants across all redress schemes, representing a more than tripling of the total amount of redress paid to victims by government since the end of June 2024.     

    Speaking after the meeting, Business and Trade Secretary Jonathan Reynolds said:  

    Today’s meeting with Fujitsu in Tokyo was productive and encouraging. I welcome their agreement to begin talks on compensation ahead of the Williams inquiry’s conclusion, and that they join the UK Government in our commitment to tackling this grave injustice.  

    We must never forget the lives ruined by the Horizon scandal and no amount of redress can take away that pain. But justice can and must be done. This government is determined to hold those responsible to account, and will continue to make rapid progress on compensation and redress.  

    Since we took office, we have more than tripled the total amount of redress paid to victims, and today we took another significant step towards justice.  

    Joint Statement by UK Business and Trade Secretary Jonathan Reynolds and Paul Patterson (Director, Fujitsu Services Ltd): 

    The Rt. Hon. Jonathan Reynolds MP (UK Secretary of State, Business and Trade), Takahito Tokita (CEO, Fujitsu Limited) and Paul Patterson (Director, Fujitsu Services Limited) held a positive and constructive meeting in Japan today.  

    The UK Government welcomes Fujitsu’s repeated commitment to its moral obligation to contribute to the Government’s compensation for the victims of the Post Office scandal. Ahead of the completion of Sir Wyn Williams’ Horizon IT Inquiry, the Secretary of State and Mr Patterson agreed to progress discussions regarding Fujitsu’s contribution, acknowledging many parties are involved.  

    Officials from the Department for Business and Trade will continue to engage with Fujitsu representatives in full. The UK Government will not make a running commentary on these discussions but welcomes them and is grateful for Fujitsu’s engagement with Sir Wyn Williams’ Inquiry and its continued focus on delivering its public services commitments in the UK.

    Updates to this page

    Published 7 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: BW Offshore: New awards under Long-Term Incentive Programme

    Source: GlobeNewswire (MIL-OSI)

    New awards under Long-Term Incentive Programme

    The Board of Directors of BW Offshore Limited (“BWO” or the “Company”) has approved new awards under the Long-Term Incentive Programme (LTIP) adopted in 2024. The programme is a combination of Share Options and Restricted Share Unit (RSUs), aimed to align the interests of the participating employees with those of the Company’s shareholders. The programme is discretionary, and participants are invited on an annual basis.

    The total number of options awarded under the LTIP for 2025 is 800,000 where each option will give the holder the right to acquire one BW Offshore share. A total of 6 BW Offshore employees have been invited to participate in the Share Option Programme.

    The strike price of the options is calculated based on the volume weighted average share price five trading days prior to grant date, plus a premium of 15.76% (corresponding to a 5% increase annually over three years). The strike price for the options awarded on 7 March 2025 is NOK 32.19.

    The options will have a vesting period of three years, followed by a three-year exercise period. Exercise windows will be set by the Company. The options will expire six years after the award date.

    The options are non-tradable and conditional upon the option holder being employed by the Company and not having resigned or being terminated for cause prior to the vesting date.

    For the year 2025, the Board of Directors has on 7 March 2025 also awarded 92,400 RSUs to 18 employees within the Company.

    The RSUs will be settled in shares following a three-year vesting period from the grant date.

    The following primary insiders of the Company have been awarded options under the LTIP:

    1. Chief Executive Officer, Marco Beenen
    Options awarded: 300,000
    Total number of options: 2,159,372
    Shares held: 49,993

    2. Chief Financial Officer, Ståle Andreassen
    Options awarded: 100,000
    Total number of options: 634,355
    Shares held: 229,273

    3. Chief Commercial Officer, Mona Rajoo
    Options awarded: 100,000
    Total number of options: 189,689
    Shares held: 1,618

    4. Chief Technical Officer, Mike McAreavey
    Options awarded: 100,000
    Total number of options: 264,860
    Shares held: 0

    5. Chief Strategy Officer, Anders S. Platou
    Options awarded: 100,000
    Total number of options: 364,860
    Shares held: 0

    6. General Counsel, Ming Yen Yip
    Options awarded: 100,000
    Total number of options: 236,360
    Shares held: 0

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of 3 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo Stock Exchange.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: UK-Japan Economic 2+2

    Source: United Kingdom – Executive Government & Departments 3

    News story

    UK-Japan Economic 2+2

    The UK and Japanese governments have met for the Economic 2+2 Ministers’ Meeting

    On March 7, from 6:30 p.m. to 8:30 p.m. for approximately 2 hours, the Japan-UK Economic 2+2 Ministers’ Meeting (“Economic 2+2”) was held. The meeting was attended by Mr. IWAYA Takeshi, Minister for Foreign Affairs of Japan, Mr. MUTO Yoji, Minister of Economy, Trade and Industry of Japan, the Rt. Hon. David Lammy MP, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom of Great Britain and Northern Ireland, and the Rt. Hon. Jonathan Reynolds MP, Secretary of State for Business and Trade of the United Kingdom of Great Britain and Northern Ireland. The overview of the meeting is as follows.

    At the outset, Minister Iwaya stated that it was his pleasure to host the first Japan-UK Economic 2+2 Ministers’ Meeting in Tokyo, the establishment of which was announced by the leaders of Japan and the UK to promote dialogue on how trade and economic security converges with foreign policy; and hoped that today’s meeting would be an opportunity for both countries, as each other’s closest security partners in Europe and Asia, to strengthen their economic ties, building on the strong foundations of the Japan-UK Global Strategic Partnership articulated by the Hiroshima Accord.

    Minister Muto stated that he welcomed holding the Japan-UK Economic 2+2 Ministers’ Meeting and expressed his expectations for enhanced cooperation in areas such as economic security, energy, and innovation between Japan and the UK, which share fundamental values and continue to build a strong relationship.

    Foreign Secretary Lammy thanked Japan for hosting this inaugural meeting and underscored the importance of the dialogue in addressing the increasing convergence between economic and foreign policy issues and the significance of UK-Japan collaboration to forge a path in an increasingly volatile world.

    Minister Reynolds stated national security and economic growth are mutually reinforcing, and that he looked forward to using the discussion to explore areas of cooperation where the UK and Japan can jointly mitigate global risks to economic growth and trade.

    The global economic order now faces significant challenges. With shared fundamental values including freedom, democracy, and rule of law, the four Ministers from Japan and the UK committed to work to uphold these values by sustaining and strengthening a free, fair, and rules-based global economic order, and discussed issues on Economic Security, Free and Open International Trade, Energy Security, Global South as follows.

    Economic Security

    The four Ministers concurred that, given challenges in global trade, enhancing economic resilience internationally is an important contributor to sustainable and stable global growth.

    The four Ministers affirmed that coordination between partners and like-minded countries is essential to bolster economic resilience. Ministers also confirmed that the relationship between Japan and the UK is increasingly important and expressed their joint ambition to strengthen cooperation on economic resilience and economic security, including sharing analysis and insights, enhancing supply chain resilience and cooperation on critical and emerging technology issues.

    The four Ministers instructed officials to have meetings to take forward discussions to address the economic security challenges facing Japan and the UK, including enhancing supply-chain resilience, developing a fair market, and other relevant issues – with a view to enhancing their economic security partnership.

    The four Ministers concurred that this would support the industrial strategy partnership as discussed in the Strategic Economic Policy and Trade Dialogue.

     The four Ministers expressed concern over economic coercion, non-market policies and practices including harmful industrial subsidies, market-distorting practices of state-owned enterprises, as well as forced technology transfer, and harmful non-market overcapacity and other market distortions resulting from the non-market policies and practices.

     The four Ministers also reconfirmed the importance of cooperating with like-minded countries to build resilient and reliable supply-chains, including those for critical minerals that are essential for net-zero transition and digitalisation.

     In this regard, the four Ministers concurred to explore criteria that take into account not only economic factors, but also factors linked to the Principles on Resilient and Reliable Supply Chains, comprising of transparency, diversification, security, sustainability, and trustworthiness and reliability.

     Furthermore, the four Ministers concurred on continuing discussions to strengthen the coordination of their respective policies to further promote and protect critical and emerging technologies, recognising the importance of strategic public-private partnership, information exchange on economic security and the value of our two countries’ like-mindedness. The four Ministers concurred on deepening cooperation on export controls and research security to further facilitate the exchange of controlled goods and technologies between the two countries.

     The four Ministers welcomed the signing of Memorandums of Understanding between Japanese and UK industry partners that will facilitate joint Japan-UK supply chains and collaboration in the development of next-generation quantum computing.

     The four Ministers concurred on further strengthening effective export controls on materials, technology, and research that could be used for military purposes in a way that keeps pace with rapid technological developments.

     The four Ministers expressed their desire to see a just and lasting peace in Ukraine which ensures its future sovereignty and security. The four Minister reaffirmed their continued support to Ukraine in pursuit of peace through strength, in line with Ukraine’s needs. The four Ministers expressed their resolve to continue our comprehensive sanctions and economic measures to restrict as far as possible the revenues, goods, and technology Russia uses to fund and conduct its illegal war of aggression against Ukraine.

     To that end, the four Ministers concurred to continue action against Russia and countries supporting the Russian military complex through technical discussions to prevent diversion of key critical, specialist and emerging technologies. They reiterated their concern for China’s increasing support to Russia and Russia’s defense industrial base, which is decisively enabling Russia to maintain its illegal war in Ukraine.

    Free and Open International Trade

     The four Ministers reaffirmed the importance of the rules-based multilateral trading system with the WTO at its core as an important structure that affords legal stability and predictability for businesses, and concurred on moving towards strengthening all of the WTO’s functions, including negotiation, monitoring, deliberation and dispute settlement, as it marks the 30th anniversary of its establishment with an eye to the outcome of the 14th WTO Ministerial Conference (MC14) scheduled for next March.

     The four Ministers recognised the role played by plurilateral discussions and negotiations within the WTO in advancing issues of interest and called for the early incorporation of the Investment Facilitation for Development Agreement and the Agreement on Electronic Commerce into the WTO’s legal framework.

     The four Ministers also confirmed that they will work closely together in WTO discussions, including addressing contemporary trade-related issues such as non-market policies and practices, as well as climate change.

     The four Ministers emphasised the importance of developing robust international rules and norms and effectively utilising existing tools to ensure a global level playing field.

     In addition, the Japanese Ministers welcomed the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last December, and the four Ministers recognised that the CPTPP is an important pillar in promoting a free and fair rules-based economic order in the Indo-Pacific region.

     The Ministers confirmed that they would continue to work closely together with other parties to ensure CPTPP remains a modern, high-standards agreement.

    Energy Security

     The four Ministers discussed energy security risks and opportunities for Japan-UK collaboration to support further development of clean energy supply-chains.

     Ministers welcomed the signing of the Memoranda of Cooperation on offshore wind cooperation among governments, organisations, companies and on cooperation in advanced robotics and autonomous systems, and welcomed the  civil-nuclear collaboration between companies and research institutions of both countries, including on advanced nuclear technologies, fusion energy, and  nuclear decommissioning.

     They reaffirmed that they would continue promoting energy cooperation between Japan and the UK to deliver energy security for their citizens.

     Furthermore, they acknowledged their collaboration in the clean energy sector and emphasised the importance of creating Japan-UK collaborative projects to accelerate the clean energy transition in third countries and to strengthen coordination in pursuit of this.  

     The four Ministers also reaffirmed their shared commitment to keeping a limit of 1.5C temperature rise within reach and achieving net zero by 2050.

     They confirmed the need to reduce reliance on energy supply from unreliable and hostile actors.

     All four Ministers concurred that Russia’s illegal, unjustifiable and unprovoked full-scale invasion of Ukraine threatens the security of the Euro-Atlantic and Indo-Pacific, which is inseparable.

    Engagement with Global South

     The four Ministers shared the recognition that it is important to further enhance cooperation with Global South countries to maintain and strengthen a rule-based international economic order and affirmed that they would engage with the Global South towards sustainable development and trade mechanisms that support economic development and poverty reduction.

     They noted the importance of the WTO 14th Ministerial Conference, which will be held in Cameroon – in supporting this.

    The four Ministers reaffirmed the need for Japan and the UK to remain advocates of a free, open, and rules-based international economic order in the face of growing risks of global economic fragmentation and concurred on continuing their bilateral cooperation in areas such as the economic policies of both countries and economic security, while deepening discussions and cooperation with like-minded countries in related fields.

    Updates to this page

    Published 7 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA News: National Consumer Protection Week, 2025

    Source: The White House

    class=”has-text-align-center”>BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

    A PROCLAMATION

    Consumer rights are a cornerstone of American freedom, a building block of the American economy, and a foundation of American success.  During this National Consumer Protection Week, we renew our commitment to protecting the American consumer, upholding the right to privacy and transparency, and ensuring the American economy remains free and prosperous.

    Protecting Americans’ transactions, personal data, and other private information is essential to their navigation of our dynamic market economy and their ability to ward off potential fraud and cyber security scams. 

    To protect consumer rights and strengthen American leadership in global digital advancement, I took immediate action to halt aggressive regulatory overreach that has stifled the growth of cryptocurrency.  To advocate for greater transparency in consumer drug prices, I also proudly signed an Executive Order ensuring that advertisements provide accurate information about prescription drugs and do not mislead consumers about their products — a crucial step in making America healthy again.  Consumers deserve honest and accurate information to make decisions — and my Administration will never waver in its commitment to promoting consumer rights.

    During National Consumer Protection Week, local and Federal agencies, along with various consumer organizations, come together with the shared mission of providing resources, guides, and other materials to ensure Americans are aware of threats to their privacy and financial well-being.  We cannot afford to neglect the importance of an informed and protected consumer — and I will continue to ensure that every action the Federal Government takes is aligned with protecting our rights, our privacy, and our Nation.

    NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim March 2 through March 8, 2025, as National Consumer Protection Week.  I encourage all Americans to take advantage of the broad array of online resources offered by the Federal Trade Commission, and to share this information through consumer education activities in communities across the country.

    IN WITNESS WHEREOF, I have hereunto set my hand this sixth day of March, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.

                                  DONALD J. TRUMP

    MIL OSI USA News –

  • MIL-OSI United Kingdom: New Levy Artisan Market in Levenshulme set for spring opening

    Source: City of Manchester

    A new monthly artisan day and night market is set to open in Levenshulme this spring.

    Manchester City Council and Independent Street known for its successful events around the Northwest have collaborated to bring a new market offering on the former, much loved Levy Market site from April 2025.

    The new market which will be known as Levy Artisan Market will bring freshly baked produce, independent food stalls, and unique artisan products to the already vibrant area of Levenshulme.

    Levy Artisan Market will launch on Sunday 13th April and will take place the second Sunday of every month. There will also be an exciting night market on the last Friday of every month from 25th April 25.            

    The monthly Sunday Artisan Markets at Levy will offer family-focused events, from live entertainment and children’s workshops to food tastings and cultural celebrations, ensuring there’s something for everyone to enjoy.  

    The monthly Friday Night Markets will offer a newly designed food court area with a large selection of some of the best street food in town, plus live music, good vibes and a large seating area for you to kick back, relax and welcome in the weekend.  

    The Levy Artisan Market is set to showcase Manchester’s rich tapestry of Artisans and creators and serve as a catalyst for driving footfall into Levenshulme’s established shops, cafes, restaurants and independents. It will once again continue to emphasise supporting small businesses and providing a space for entrepreneurs to thrive.  

    Levenshulme Market is not just a place to shop it is the heart of our community. 

    To celebrate the launch, Levy Artisan Market will be hosting a grand opening event on Sunday April 13th, featuring live music performances, incredible artisans, a street food area plus a free crafting table and activities for the smallest of our visitors. The event will run from 11am and everyone is invited to join in. 

    Traders who are interested in showcasing at the new Levy Artisan Market, and local community groups and musicians who want to join, can make applications on Independentstreet.co.uk 

    Councillor Garry Bridges, Deputy Leader of Manchester City Council, said: ”Levy Market has been a long standing and much-loved institution for the local community and it’s traders, imbued a rich heritage and an asset which has set foundations for other markets to thrive. 

    “We are really proud to welcome Independent Street’s Artisan Levy Market onto the site, the end product of a collaborative approach to bring a new market offering to the people of Levenshulme. 

    “The new market will provide a unique space for small businesses, artisans, and food vendors, allowing them to thrive whilst also contributing to the local economy and offering residents and visitors access to high-quality products, delicious street food, and a welcoming social environment. 

    “We hope it will become more than just a market - but rather a hub for creativity, enterprise, and community spirit.”        

    Lisa Cowley, Director of Independent Street, said: “We are thrilled to have been selected to launch this iconic market back onto the Manchester Market scene. We’re incredibly excited to welcome back Levy’s loyal customers and introduce The New Levy Artisan Market to a new generation of visitors. With a focus on community, sustainability, and high-quality, local produce, we hope to make Levy Artisan Market the heart of Manchester for years to come.” 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: First £752 million tranche of loan sent to Ukraine for military equipment

    Source: United Kingdom – Executive Government & Departments

    News story

    First £752 million tranche of loan sent to Ukraine for military equipment

    The first £752 million tranche of the UK’s Extraordinary Revenue Acceleration (ERA) loan to Ukraine has been transferred in demonstration of the UK’s commitment to Ukrainian defence.

    • UK has sent first third of its £2.26 billion loan to Ukraine for the country to spend on military equipment in its hour of need

    • Chancellor Rachel Reeves visited RAF Northolt to meet with UK suppliers sending equipment to Ukraine

    • Delivery of the UK’s contribution to the G7 $50 billion Extraordinary Revenue Acceleration loan is the latest step in support for Ukraine from the UK government, with national security key to the Plan for Change

    The ERA funding is on top of the £3 billion a year commitment by the UK to provide military aid for Ukraine. The Prime Minister has been clear that a strong Ukraine is vital to UK national security.

    The money transferred yesterday Thursday 6 March, is part of a £2.26 billion loan backed by the profits of immobilised Russian sovereign assets, and will help Ukraine buy military equipment to defend itself against Russia’s unprovoked aggression.

    It follows the Prime Minister’s commitment to increase defence spending to 2.5% of GDP from 2027, with an ambition to reach 3% in the next parliament as economic and fiscal conditions allow, and announcing an additional £1.6 billion of UK Export Finance to Ukraine. National security is fundamental to the government’s Plan for Change, and will help improve the lives of people across the UK by growing the economy.

    To mark this signal of UK support, Chancellor of the Exchequer Rachel Reeves, visited RAF Northolt to meet Armed Forces personnel. She also met suppliers sending vital equipment to the Armed Forces of Ukraine through UK MoD rapid procurement contracts.

    Companies at RAF Northolt yesterday included Malloy, MBDA and Thales, as well as UK-based SMEs including Greenjets, Kirintec and Windracers – displaying a range of defence equipment such as air defence missiles, bomb disposal suits and cargo drones.

    Increased defence spending will support highly skilled jobs and apprenticeships across the UK. Last year, defence spending supported over 430,000 UK jobs the equivalent to one in every 60, with 68% of defence spending going outside of London and the Southeast, benefitting every nation and region of the country.

    Rachel Reeves, Chancellor of the Exchequer, said:

    “Now more than ever in this changed world, Ukraine needs our support as a reliable partner to secure peace following Russia’s unprovoked invasion.

    “British excellence and innovation in defence was on display as I visited RAF Northolt yesterday. Our contribution to the war effort via increased defence spending is also supporting UK industries and jobs and putting money back in the pockets of hardworking British people.”

    The multibillion-pound funding is the UK’s contribution to the G7 ERA Loans to Ukraine Scheme, through which G7 countries will collectively provide $50 billion to support Ukraine. The UK’s contribution is earmarked for military procurement to bolster Ukraine’s defences, and is being delivered in three £752 million payments. A tranched approach will allow for greater flexibility in military procurement, and will provide the best value for money for both the UK and Ukraine.

    Chancellor Reeves and Ukraine’s Finance Minister Sergii Marchenko signed the UK-Ukraine bilateral loan agreement on Saturday in the presence of Prime Minister Keir Starmer and Ukraine’s President Volodymyr Zelenskyy in No.11 Downing Street.

    Last week, the Chancellor alongside the Business Secretary and the Defence Secretary confirmed that a new UK defence innovation organisation will work with innovative firms to rapidly get cutting-edge military technology into the hands of British troops, and harness the ingenuity of the UK’s leading tech and manufacturing sectors.

    The Prime Minister and President Zelenskyy also signed a historic 100 Year Partnership in Kyiv earlier this year. The landmark treaty formalised the unbreakable bonds between the UK and Ukraine, broadening and deepening the relationship across defence and non-military areas and enabling closer community links.

    Updates to this page

    Published 7 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Unique developments for the oil industry: RosGeoTech approved by the PIS Council

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On March 6-7, 2025, a meeting of the Council for the consideration of issues and coordination of activities of advanced engineering schools was held, in which, together with other 20 teams, the team of the PIS “RosGeoTech” took part, headed by the rector of the Grozny State Oil Technological University named after Academician M.D. Millionshchikov Magomed Mintsaev and the rector of the State University of Management Vladimir Stroev.

    Over the course of two days, participants in the second wave of selection for the Advanced Engineering Schools project shared the results achieved in 2024. Following the meeting and assessment of the work done, the Council, co-chaired by the Minister of Science and Higher Education of the Russian Federation Valery Falkov and the head of the Ministry of Industry and Trade of Russia Anton Alikhanov, will compile a rating of engineering schools and determine the amount of state support within the framework of the project for 2025.

    The head of the Ministry of Education and Science recalled that universities face two key tasks: – to propose changes in engineering education, focusing on improving its quality; – to attract an industrial partner who will put forward a request for the training of highly qualified personnel and the transformation of education, and will also involve teachers and students in solving real engineering problems aimed at ensuring technological leadership.

    The advanced engineering school “RosGeoTech” is called upon to become a recognized industry center of competence in technologies for the cost-effective exploitation of oil fields and wells at the final stage of development by building a first-class ecosystem for training engineers, as well as to create a new promising market based on the integrated use of geothermal fields and oil fields at the final stage of development.

    In 2024/2025, 52 students are studying at the RosGeoTech PIS (20 undergraduate, 10 master’s, 22 specialist). Six new educational programs have been developed. The number of graduates in additional professional education programs is 80 people.

    “Graduates of the RosGeoTech PIS of the M.D. Millionshchikov GGNTU have unique industry competencies and skills that are formed thanks to advanced teaching methods, practical knowledge obtained from leading specialists of industrial partners during the implementation of educational programs, practical training and internships in the leading oil companies of the country and the implementation of the final qualifying work as a scientific project for the needs of industrial partners. Graduates of the RosGeoTech PIS will have a qualification commensurate with a year of work experience at the enterprise,” said Magomed Mintsaev, Rector of the M.D. Millionshchikov GGNTU.

    The ABRIS (Autonomous unmanned and robotic innovative systems in oil and gas, energy and construction engineering, as well as in ensuring the safety of facilities in various industries) and GeoMap (Formation of an interactive map of Russia’s geothermal resources) projects are being implemented directly on the basis of the State University of Management.

    “ABRIS is one of the projects that SUM scientists are implementing in the field of artificial intelligence. The project involves creating unmanned systems for monitoring oil and gas facilities and geophysical surveys, as well as an autonomous drone port for servicing UAVs. These developments can be applied in other areas. Other major SUM projects in the field of artificial intelligence include the creation of software and hardware systems and intelligent platform digital solutions in the field of developing agro-industrial technologies of the full life cycle, or, in simpler terms, the “Digital Village”. Cooperation with GGNTU named after M.D. Millionshchikov is of utmost importance for us, because in addition to implementing scientific projects, we are opening new higher education programs and continuing professional education programs for the oil and gas industry, which contribute to the strategic goal of Russia’s development – achieving technological leadership,” said SUM Rector Vladimir Stroyev.

    The key partners of the RosGeoTech Scientific and Educational Institute were PJSC NK Rosneft, JSC Grozneftegaz, JSC Chechenneftekhimprom and others.

    The volume of attracted funding amounted to 120.4 million rubles in the form of a federal subsidy, 221 million rubles as extra-budgetary funding for the school’s activities, and 63.78 million rubles for R&D in the interests of business.

    Today, there are 50 advanced engineering schools in the country, involving more than 250 high-tech companies, including Rostec, Rosatom, Roscosmos, Sibur, Gazprom Neft, KAMAZ, Tatneft and others. Another 30 schools will present the results of their activities for 2024 in April.

    On the instructions of Russian President Vladimir Putin, the project will be scaled up and 100 advanced engineering schools will be created by 2030.

    Subscribe to the TG channel “Our GUU” Date of publication: 03/07/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Enstar Subsidiary Assigned “A” Financial Strength Rating by AM Best

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, Bermuda, March 07, 2025 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) announced today that the credit rating agency AM Best has assigned a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Cavello Bay Reinsurance Limited (Cavello Bay), a subsidiary of Enstar Group Limited (Enstar) and its primary non-life run-off consolidator and a Class 3B reinsurer. The outlook assigned to these Credit Ratings is stable.

    On issuing its rating, AM Best highlighted Enstar’s “long track record of effectively managing claims in complicated lines of business”, noting that the ratings reflect Enstar’s balance sheet strength, as well as its strong operating performance, which it believes should remain at the current level throughout the remainder of 2025.

    Matt Kirk, Enstar’s Group Chief Financial Officer, said, “The AM Best Financial Strength Rating reflects Enstar’s established standing in the global legacy market and is further confirmation of our strong capital position and the resilience of our business model. The “A” rating for Cavello Bay, our primary Bermuda reinsurer, affirms our commitment to insurance ratings and will enhance our ability to structure insurance transactions that support the strategic objectives of our partners.”

    About Enstar

    Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see www.enstargroup.com.

    Cautionary Statement

    This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ‘aim’, ‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future events or performance. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Specifically, Enstar’s ability to structure and execute insurance transactions profitably is dependent on many factors. Important risk factors regarding Enstar can be found under the heading “Risk Factors” in our Form 10-K for the year ended December 31, 2024 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.

    Contact:

    For Enstar:
    For Investors: Matthew Kirk (investor.relations@enstargroup.com)
    For Media: Jenna Kerr (communications@enstargroup.com)

    The MIL Network –

  • MIL-OSI: Gevo Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., March 07, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) (“Gevo”, the “Company”, “we”, “us” or “our”), a leading developer of cost-effective, renewable hydrocarbon fuels and chemicals with reduced greenhouse gas emissions, today reiterated the substantial potential Adjusted EBITDA1 growth we are targeting in 2025, and provided a business update. Gevo also announced that it ended the fourth quarter with cash, cash equivalents and restricted cash of $259.0 million2.

    Business Update – Path to Positive Run-Rate Adjusted EBITDA1

    • Gevo North Dakota: Carbon Capture and Sequestration (“CCS”) and Low-Carbon Ethanol Assets generated $150 million in revenue in its last fiscal year3and we expect it to immediately contribute $30 million to $60 million of Adjusted EBITDA1annually to Gevo’s carbon business. This facility in North Dakota, which was recently acquired from Red Trail Energy, LLC, is one of two low-carbon ethanol plants with operational CCS that exist today. The site has an operating, fully permitted Class VI CCS well, which captures over 160,000 tons of biogenic carbon dioxide annually; generates multiple times that amount in total carbon abatement; produces approximately 67 million gallons of low-carbon ethanol, including 2 million gallons of corn fiber ethanol with an ultra-low carbon intensity; and more than 230,000 tons of low-carbon animal feed and vegetable oil. As a result, this facility has one of the lowest carbon intensity scores in the industry, at 19 gCO2e/MJ (from British Columbia) or an estimated 21 gCO2e/MJ (under the Argonne-R&D-GREET model). We note that the ethanol 45Z tax credit, which takes effect in 2025 and expires in 2027 (unless renewed by legislation), provides a statutory $0.02 per gallon per carbon intensity point below approximately 50 gCO2e/MJ. In addition, we are developing an additional alcohol-to-jet (“ATJ”) project at this location for further future growth, leveraging our existing ATJ designs associated with the ATJ-60 project in South Dakota. The high quality carbon abatement credits generated at this plant are expected to further catalyze the development of the emerging market for carbon abatement products.
    • Renewable Natural Gas (“RNG”): We have achieved excellent operational results that are expected to improve further in 2025 and generate meaningful Adjusted EBITDA1. RNG produced in 2024 was 367,000 MMBtu, which was a 17% increase over the prior year, because of a successful gas upgrade capacity expansion. 2025 production is expected to further increase to over 400,000 MMBtu as a result of compressor and reliability upgrades. Our RNG facility has been approved by the Internal Revenue Service (“IRS”) to generate biogas 45Z tax credits. Based on the expected carbon intensity (“CI”) score for California LCFS of (339) gCO2e/MJ, a negative number, and depending on LCFS prices, monetization of the biogas 45Z tax credit, D3 RIN prices, and price of fossil based natural gas, we expect Adjusted EBITDA1 of $9 – 18 million in 2025.
    • Alcohol-to-Jet 603(“ATJ-60”) Project: The ATJ-60 project in Lake Preston, South Dakota continues to proceed towards financial close in 2025. In 2024, we received a conditional commitment for a loan guarantee with disbursements totaling $1.462 billion (excluding capitalized interest during construction) from the U.S. Department of Energy (“DOE”) Loan Programs Office (“LPO”) for our ATJ-60 project. With capitalized interest during construction, the DOE loan facility has a borrowing capacity of $1.63 billion. We are actively engaged with the DOE on the closing process for the conditional commitment. Our ATJ-60 project is expected to leverage American agriculture to produce both cost-effective fuels and food, which are integral for energy and food security of the United States. We believe our ATJ-60 project integrates seamlessly with existing energy infrastructure and catalyzes the development of the rural economy. The project is expected to generate 100 jobs at the facility, as well as 700 indirect positions in support, plus 1,000 high-paying trades jobs for the three years of construction5. This project is expected to have regional economic impact greater than $110 million per year. We are currently engaged with the DOE LPO on due diligence, definitive documentation, completing the environmental review process, and satisfaction of all conditions precedent that are required for financial close. We expect to incur $40 million of additional spend on ATJ-60 from January 1, 2025, until financial close. Our cumulative ATJ-60 development spending is expected to be partially reimbursed at project financial close. We may invest some or all of the reimbursed funds back into ATJ-60 as equity.
    • Verity: We are continuing to grow our Verity business, delivering our tracking and tracing solution to the market, expanding the customer base, and achieving revenue. Verity is a software-as-a-service (“SaaS”) business that achieved its goal of first customer revenue in 2024 and our grower program has grown to more than 200,000 acres, which is more than double the acreage in the program since the second quarter of 2024, with 100% farmer retention. Verity is a digital measure, report and verify (“MRV”) software platform for end-to-end traceability of the regenerative attributes of agricultural and low-carbon fuel products. This enables producers and customers to measure and track those attributes and create value in the marketplace, where demand for regenerative agriculture and fuels is increasing but visibility is lacking. Verity currently has agreements with seven agriculture processing plant customers, including five ethanol plants and two soybean processing facilities, to assist in tracking environmental attributes of corn, ethanol, animal feed, corn oil, soybean oil and renewable diesel. We believe Verity can provide substantial value to growers and processors of a wide variety of agricultural products globally, in markets valued at billions of dollars.
    • Ethanol to Olefins (“ETO”): We continue to advance our breakthrough, patented ETO technology. Our patented ETO process is designed to lower capital and operating costs of drop-in, bio-based hydrocarbon fuels and chemicals from ethanol, and adds to Gevo’s global portfolio of more than 300 patents, as well as proprietary processes and know-how concerning processes to convert carbohydrates to hydrocarbons. In October 2024, we signed a development agreement and licensed our ETO technology to Axens with the goal of accelerating the commercialization of our ETO technology for fuels. The alliance between Axens and Gevo was further broadened for ATJ commercialization in December 2024 under a new collaboration agreement. The goal of the alliance is to leverage the most advantaged technologies, which includes Axens Jetanol™ technology combined with Gevo’s plant designs, engineering, know-how, carbon tracking and complete business system. The alliance brings each partner’s complementary value propositions, real-world experience, substantially de-risked technologies, plant integrations, and pre-engineered systems to the ATJ space. We also extended a joint development agreement with LG Chem to accelerate the commercialization of bio-based chemicals using ETO. The global market for drop-in, low-carbon chemicals and materials is estimated to be $400 – 500 billion per year.

    Management Comment

    “Our strategic acquisition of Gevo North Dakota is transformative for our company,” commented Dr. Patrick Gruber, Gevo’s Chief Executive Officer. “The CCS and low-carbon ethanol provides us with an immediate pathway to monetize carbon abatement through the ethanol 45Z tax credit and by selling carbon abatement in the growing market and the available pore space provides additional opportunities for CCS expansion.”

    “In addition, our RNG business is poised for significant growth as we secure a permanent CARB LCFS carbon intensity score and monetize the biogas 45Z tax credit. Taken together, we see a path to achieving a potential run-rate positive Adjusted EBITDA in 2025, even before considering our ATJ-60 project. This is based on the hundreds of thousands of tons of carbon abatement per year that we are currently generating from this diversified, low-carbon asset base,” Dr. Gruber continued.

    Dr. Gruber added: “We are pleased that our DOE conditional commitment is progressing towards financial close. We are pleased to see that biofuels, ethanol, and aviation fuels are listed in President Trump’s Executive order “Declaring a National Energy Emergency”. Our ATJ-60 project, targeted for Lake Preston, South Dakota, is expected to create 100 direct jobs, and more than an estimated 700 indirect jobs. The project is expected to employ more than 1,000 construction workers for the three years needed to build the plant. It would draw corn from more than 230 farmers, and we would expect to pay farmers a premium for their regenerative agricultural practices.”

    “We never lose sight that we expect that Gevo’s proprietary, integrated ATJ process can deliver sustainable aviation fuel (“SAF”) with production cost similar to jet fuel made from crude oil,” Dr. Gruber said. “But our process can do this while also eliminating the carbon emission footprint across the whole life cycle of the fuel. It’s about addressing a growing market need, where customers will pay for carbon abatement, in addition to the jet fuel.”

    For more information on our business and plans, please refer to our updated corporate presentation, in the investor section of our website: www.gevo.com

    About Gevo

    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    Forward Looking Statements

    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected operation of Gevo North Dakota, the expected effect of the acquisition on Adjusted EBITDA, the expected annual Adjusted EBITDA from Gevo North Dakota, and the future prospects as a combined company, the expected CI score for our RNG project, the expected annual Adjusted EBITDA from the RNG project, the financing of the ATJ-60 Project, including the DOE conditional commitment, the expected economic impact of the ATJ-60 Project, the expected further spend on ATJ-60, the expected growth and economics of Verity, the technical advances of the ETO technology, the capabilities of Axens technologies, and the market for ETO technologies. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, the risk that anticipated benefits, including synergies, from the acquisition of Gevo North Dakota may not be fully realized or may take longer to realize than expected; changes in legislation or government regulations affecting the future operations of the acquired assets and Gevo’s other project; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the U.S. Securities and Exchange Commission (“SEC”). All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather Manuel
    VP of Stakeholder Engagement & Partnerships
    PR@gevo.com

    Investor Contact
    Eric Frey, PhD
    Vice President of Corporate Development
    IR@Gevo.com

    1   Adjusted EBITDA is a non-GAAP measure calculated by adding back depreciation and amortization, allocated intercompany expenses for shared service functions, and non-cash stock-based compensation to GAAP loss from operations, plus monetizable tax credits (if any) such as 45Q and 45Z.

    2   Includes $69.6 million of restricted cash.

    3   As reported in the SEC filings of the previous owner, Red Trail Energy, LLC, prior to Gevo’s acquisition of substantially all of its ethanol and CCS assets. Based on Fiscal Year ending September 30 under the previous owner.

    4   Formerly known as our NZ-1 Project.

    5   Based on a report by Charles River Associates, available on Gevo’s website.

    The MIL Network –

  • MIL-OSI: Stansberry Asset Management Marks 2-Year Anniversary of Tactical Select Portfolio

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, March 07, 2025 (GLOBE NEWSWIRE) — Stansberry Asset Management (SAM), an independent, registered investment advisor, celebrates the two-year anniversary of the SAM Tactical Select portfolio, highlighting the strong performance and adaptability the strategy has delivered for clients in a rapidly changing market environment.

    Launched in 2023, Tactical Select distinguishes itself by integrating SAM’s fundamental, qualitative investment process with the precision of a proprietary blend of analytical tools. SAM then further refines the list of investable securities through comprehensive quantitative screening that includes tools from TradeSmith Finance™. This isn’t just about running numbers; it’s about validating high-conviction investment ideas through rigorous, data-driven analysis. Unlike traditional tactical strategies, Tactical Select requires every potential investment to first pass SAM’s rigorous fundamental analysis. Only SAM’s favorite fundamental ideas are eligible as a potential Tactical Select investment. SAM then further refines the list of investable securities through comprehensive quantitative screening. This dual-layered approach ensures a portfolio built on both deep qualitative insight and statistically validated opportunities.

    The portfolio is updated as new investment opportunities are identified, with each potential addition undergoing the same rigorous screening process. Existing positions are also closely monitored, both fundamentally and using a set of quantitative risk metrics to help identify when an investment may no longer meet the portfolio’s criteria. Positions are trimmed or removed as necessary to maintain alignment with the portfolio’s disciplined, opportunity-focused approach.

    The portfolio’s overall exposure — how fully invested or defensive it is at any given time — is also guided by both top-down macroeconomic analysis as well as ongoing quantitative assessment of broader market conditions, allowing for reduced exposure during periods of heightened risk and more full participation in favorable environments.

    “Tactical Select was designed to bring our clients an innovative solution. It starts with the deep research SAM is known for and is enhanced by the power of data-driven insights,” said Austin Root, Chief Investment Officer at Stansberry Asset Management. “The strategy’s strong performance over the past two years demonstrates the value of overlaying a disciplined quantitative process with our thoughtful, fundamental investment selection — helping us manage risk and capture opportunities in real time.”

    Since its inception, the Tactical Select portfolio has delivered strong performance for clients, achieving a net total return of 38.67% as of January 31, 2025. This represents outperformance of 14.65% compared to its S&P 500 Equal Weight benchmark. This track record highlights the value of incorporating quantitative insights with nimble, tactical decision-making to help clients pursue growth while proactively managing risk. For additional information on the calculation of performance, including important disclosures, please click HERE.

    As a firm focused on informed, active management, SAM remains committed to delivering innovative investment strategies that align with clients’ long-term financial goals. The Tactical Select portfolio highlights SAM’s ongoing efforts to expand our solutions, anticipate client needs, and deliver forward-thinking investment strategies.

    For more information about the Tactical Select portfolio and SAM’s broader suite of investment strategies, please visit our website at www.stansberryam.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Japan-UK Economic 2+2

    Source: United Kingdom – Government Statements

    News story

    Japan-UK Economic 2+2

    The UK and Japanese governments have met for the Economic 2+2 Ministers’ Meeting

    On March 7, from 6:30 p.m. to 8:30 p.m. for approximately 2 hours, the Japan-UK Economic 2+2 Ministers’ Meeting (“Economic 2+2”) was held. The meeting was attended by Mr. IWAYA Takeshi, Minister for Foreign Affairs of Japan, Mr. MUTO Yoji, Minister of Economy, Trade and Industry of Japan, the Rt. Hon. David Lammy MP, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom of Great Britain and Northern Ireland, and the Rt. Hon. Jonathan Reynolds MP, Secretary of State for Business and Trade of the United Kingdom of Great Britain and Northern Ireland. The overview of the meeting is as follows.

    At the outset, Minister Iwaya stated that it was his pleasure to host the first Japan-UK Economic 2+2 Ministers’ Meeting in Tokyo, the establishment of which was announced by the leaders of Japan and the UK to promote dialogue on how trade and economic security converges with foreign policy; and hoped that today’s meeting would be an opportunity for both countries, as each other’s closest security partners in Europe and Asia, to strengthen their economic ties, building on the strong foundations of the Japan-UK Global Strategic Partnership articulated by the Hiroshima Accord.

    Minister Muto stated that he welcomed holding the Japan-UK Economic 2+2 Ministers’ Meeting and expressed his expectations for enhanced cooperation in areas such as economic security, energy, and innovation between Japan and the UK, which share fundamental values and continue to build a strong relationship.

    Foreign Secretary Lammy thanked Japan for hosting this inaugural meeting and underscored the importance of the dialogue in addressing the increasing convergence between economic and foreign policy issues and the significance of UK-Japan collaboration to forge a path in an increasingly volatile world.

    Minister Reynolds stated national security and economic growth are mutually reinforcing, and that he looked forward to using the discussion to explore areas of cooperation where the UK and Japan can jointly mitigate global risks to economic growth and trade.

    The global economic order now faces significant challenges. With shared fundamental values including freedom, democracy, and rule of law, the four Ministers from Japan and the UK committed to work to uphold these values by sustaining and strengthening a free, fair, and rules-based global economic order, and discussed issues on Economic Security, Free and Open International Trade, Energy Security, Global South as follows.

    Economic Security

    The four Ministers concurred that, given challenges in global trade, enhancing economic resilience internationally is an important contributor to sustainable and stable global growth.

    The four Ministers affirmed that coordination between partners and like-minded countries is essential to bolster economic resilience. Ministers also confirmed that the relationship between Japan and the UK is increasingly important and expressed their joint ambition to strengthen cooperation on economic resilience and economic security, including sharing analysis and insights, enhancing supply chain resilience and cooperation on critical and emerging technology issues.

    The four Ministers instructed officials to have meetings to take forward discussions to address the economic security challenges facing Japan and the UK, including enhancing supply-chain resilience, developing a fair market, and other relevant issues – with a view to enhancing their economic security partnership.

    The four Ministers concurred that this would support the industrial strategy partnership as discussed in the Strategic Economic Policy and Trade Dialogue.

     The four Ministers expressed concern over economic coercion, non-market policies and practices including harmful industrial subsidies, market-distorting practices of state-owned enterprises, as well as forced technology transfer, and harmful non-market overcapacity and other market distortions resulting from the non-market policies and practices.

     The four Ministers also reconfirmed the importance of cooperating with like-minded countries to build resilient and reliable supply-chains, including those for critical minerals that are essential for net-zero transition and digitalisation.

     In this regard, the four Ministers concurred to explore criteria that take into account not only economic factors, but also factors linked to the Principles on Resilient and Reliable Supply Chains, comprising of transparency, diversification, security, sustainability, and trustworthiness and reliability.

     Furthermore, the four Ministers concurred on continuing discussions to strengthen the coordination of their respective policies to further promote and protect critical and emerging technologies, recognising the importance of strategic public-private partnership, information exchange on economic security and the value of our two countries’ like-mindedness. The four Ministers concurred on deepening cooperation on export controls and research security to further facilitate the exchange of controlled goods and technologies between the two countries.

     The four Ministers welcomed the signing of Memorandums of Understanding between Japanese and UK industry partners that will facilitate joint Japan-UK supply chains and collaboration in the development of next-generation quantum computing.

     The four Ministers concurred on further strengthening effective export controls on materials, technology, and research that could be used for military purposes in a way that keeps pace with rapid technological developments.

     The four Ministers expressed their desire to see a just and lasting peace in Ukraine which ensures its future sovereignty and security. The four Minister reaffirmed their continued support to Ukraine in pursuit of peace through strength, in line with Ukraine’s needs. The four Ministers expressed their resolve to continue our comprehensive sanctions and economic measures to restrict as far as possible the revenues, goods, and technology Russia uses to fund and conduct its illegal war of aggression against Ukraine.

     To that end, the four Ministers concurred to continue action against Russia and countries supporting the Russian military complex through technical discussions to prevent diversion of key critical, specialist and emerging technologies. They reiterated their concern for China’s increasing support to Russia and Russia’s defense industrial base, which is decisively enabling Russia to maintain its illegal war in Ukraine.

    Free and Open International Trade

     The four Ministers reaffirmed the importance of the rules-based multilateral trading system with the WTO at its core as an important structure that affords legal stability and predictability for businesses, and concurred on moving towards strengthening all of the WTO’s functions, including negotiation, monitoring, deliberation and dispute settlement, as it marks the 30th anniversary of its establishment with an eye to the outcome of the 14th WTO Ministerial Conference (MC14) scheduled for next March.

     The four Ministers recognised the role played by plurilateral discussions and negotiations within the WTO in advancing issues of interest and called for the early incorporation of the Investment Facilitation for Development Agreement and the Agreement on Electronic Commerce into the WTO’s legal framework.

     The four Ministers also confirmed that they will work closely together in WTO discussions, including addressing contemporary trade-related issues such as non-market policies and practices, as well as climate change.

     The four Ministers emphasised the importance of developing robust international rules and norms and effectively utilising existing tools to ensure a global level playing field.

     In addition, the Japanese Ministers welcomed the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last December, and the four Ministers recognised that the CPTPP is an important pillar in promoting a free and fair rules-based economic order in the Indo-Pacific region.

     The Ministers confirmed that they would continue to work closely together with other parties to ensure CPTPP remains a modern, high-standards agreement.

    Energy Security

     The four Ministers discussed energy security risks and opportunities for Japan-UK collaboration to support further development of clean energy supply-chains.

     Ministers welcomed the signing of the Memoranda of Cooperation on offshore wind cooperation among governments, organisations, companies and on cooperation in advanced robotics and autonomous systems, and welcomed the  civil-nuclear collaboration between companies and research institutions of both countries, including on advanced nuclear technologies, fusion energy, and  nuclear decommissioning.

     They reaffirmed that they would continue promoting energy cooperation between Japan and the UK to deliver energy security for their citizens.

     Furthermore, they acknowledged their collaboration in the clean energy sector and emphasised the importance of creating Japan-UK collaborative projects to accelerate the clean energy transition in third countries and to strengthen coordination in pursuit of this.  

     The four Ministers also reaffirmed their shared commitment to keeping a limit of 1.5C temperature rise within reach and achieving net zero by 2050.

     They confirmed the need to reduce reliance on energy supply from unreliable and hostile actors.

     All four Ministers concurred that Russia’s illegal, unjustifiable and unprovoked full-scale invasion of Ukraine threatens the security of the Euro-Atlantic and Indo-Pacific, which is inseparable.

    Engagement with Global South

     The four Ministers shared the recognition that it is important to further enhance cooperation with Global South countries to maintain and strengthen a rule-based international economic order and affirmed that they would engage with the Global South towards sustainable development and trade mechanisms that support economic development and poverty reduction.

     They noted the importance of the WTO 14th Ministerial Conference, which will be held in Cameroon – in supporting this.

    The four Ministers reaffirmed the need for Japan and the UK to remain advocates of a free, open, and rules-based international economic order in the face of growing risks of global economic fragmentation and concurred on continuing their bilateral cooperation in areas such as the economic policies of both countries and economic security, while deepening discussions and cooperation with like-minded countries in related fields.

    Updates to this page

    Published 7 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: The G20: how it works, why it matters and what would be lost if it failed

    Source: The Conversation – Africa – By Danny Bradlow, Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria

    South Africa took over the presidency of the G20 at the end of 2024. Since then the world has become a more complex, unpredictable and dangerous place. The most powerful state in the world, the US, seems intent on undermining the existing order that it created and on demonstrating its power over weaker nations. Other influential countries are turning inward.

    These developments raise concerns about how well mechanisms for global cooperation, such as the G20, can continue to operate, particularly those that work on the basis of consensual decision making. Danny Bradlow sets out how the G20 works, and what’s at stake.

    What’s the G20’s purpose?

    The G20 is a forum in which the largest economies in the world meet regularly to discuss, and attempt to address, the most urgent international economic and political challenges. The group, which includes both rich and developing countries, accounts for about 67% of the world’s population, 85% of global GDP, and 75% of global trade.

    The G20, in fact, is a misnomer. The actual number of G20 participants in any given year far exceeds the 19 states and 2 international entities (the European Union and the African Union) that are its permanent members. Each year they are joined by a number of invited “guests”. While there are some countries, for example Spain and the Netherlands, that are considered “permanent” G20 guests, the full list of guests is determined by the chair of the G20 for that year. This year, South Africa has invited 13 countries, including Denmark, Egypt, Finland, Singapore and the United Arab Emirates. They are joined by 24 invited international organisations such as the International Monetary Fund, the World Bank and the United Nations and eight African regional organisations, among others.

    The G20 should be understood as a process rather than a set of discrete events. Its apex is the annual leaders’ summit at which the participating heads of state and government seek to agree on a communiqué setting out their agreements on key issues. These agreements are non-binding and each of the participating states usually will implement most but not all the agreed points.

    The communiqué is the outcome of a two track process: a finance track, consisting of representatives of the finance ministries and central banks in the participating counties, and a “sherpa” track that deals with more political issues. In total these two tracks will involve over 100 meetings of technical level officials and policymakers.

    Most of the work in each track is done by working groups. The finance track has seven working groups dealing with issues ranging from the global economy and international financial governance to financial inclusion and the financing of infrastructure. The sherpa track has 15 working groups dealing with issues ranging from development and agriculture to health, the digital economy, and education.

    The agenda for the working group meetings is based on issues notes prepared by the G20 presidency. The issues notes will discuss both unfinished business from prior years and any new issues that the president adds to the G20 agenda.

    The working group chairs report on the outcomes of these meetings to the ministerial meetings in their track. These reports will first be discussed in meetings of the deputies to the ministers. The deputies will seek to narrow areas of disagreement and sharpen the issues for discussion so that when they are presented at the ministerial meeting the chances of reaching agreement are maximised.

    The agreements reached at each of these ministerial meetings, assuming all participants agree, will be expressed in a carefully negotiated and drafted communiqué. If the participants cannot agree, the minister chairing the meeting will provide a chair’s summary of the meeting. These documents will then inform the communiqué that will be released at the end of the G20 summit. This final communiqué represents the formal joint decision of the participating heads of state and government.

    The G20 process is supplemented by the work of 13 engagement groups representing, for example, business, labour, youth, think tanks, women and civil society in the G20 countries. These groups look for ways to influence the outcomes of the G20 process.

    What is the G20 troika and how does it operate?

    The G20 does not have a permanent secretariat. Instead, the G20 president is responsible for organising and chairing the more than 100 meetings that take place during the year. The G20 has decided that this burden should be supported by a “troika”, consisting of the past, present and future presidents of the G20. This year the troika consists of Brazil, the past chair; South Africa, the current chair; and the US, the future chair.

    The role of the troika varies depending on the identity of the current chair and how assertive it wishes to be in driving the G20 process. It will also be influenced by how active the other two members of the troika wish to be.

    The troika helps ensure some continuity from one G20 year to another. This is important because there is a significant carryover of issues on the G20 agenda from one year to the next. The troika therefore creates the potential for the G20 president to focus on the issues of most interest to it over a three year period rather than just for one year.

    How successful has the G20 process been?

    The G20 is essentially a self-appointed group which has designated itself as the “premier forum for international economic cooperation”.

    The G20 was first brought together during the Asian financial crisis in the 1990s. At that time, it was limited to a forum in which ministers of finance and central bank governors could meet to discuss the most important international economic and financial issues, such as the Asian financial crisis.

    The G20 was elevated to the level of heads of state and government at the time of the 2008 global financial crisis.

    The G20 tends to work well as a cooperative forum when the world is confronting an economic crisis. Thus, the G20 was a critical forum in which countries could discuss and agree on coordinating actions to deal with the global financial crisis in 2008-9.

    It has performed less well when confronted with other types of crises. For example, it was found wanting in dealing with the COVID pandemic.

    It has also proven to be less effective, although not necessarily totally ineffective, when there is no crisis. So, for example, the G20 has been useful in helping address relatively technical issues such as developing international standards on particular financial regulatory issues or improving the functioning of multilateral development banks. On other more political issues, for example climate, food security, and funding the UN’s sustainable development goals, it has been less effective.

    There’s one less obvious, but nevertheless important, benefit. The G20 offers officials from participating countries the chance to interact with their counterparts from other G20 countries. As a result, they come to know and understand each other better, which helps foster cooperation between states on issues of common interest. It also ensures that when appropriate, these officials know whom to contact in other countries and this may help mitigate the risk of misunderstanding and conflict.

    These crisis management and other benefits would be lost if the G20 were to stop functioning. And there is currently no alternative to the G20 in the sense of a forum where the leading states in the world, which may differ on many important issues, can meet on a relatively informal basis to discuss issues of mutual interest. Importantly, the withdrawal of one G20 state, even the most powerful, should not prevent the remaining participants from using the G20 to promote international cooperation on key global challenges.

    In this way it can help manage the risk of conflict in a complex global environment.

    – The G20: how it works, why it matters and what would be lost if it failed
    – https://theconversation.com/the-g20-how-it-works-why-it-matters-and-what-would-be-lost-if-it-failed-251500

    MIL OSI Africa –

  • MIL-OSI: Jones Healthcare and Technology Innovation Conference Announces Dr. Charity Dean as Keynote Speaker

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES and NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) — The highly anticipated Jones Healthcare and Technology Innovation Conference is pleased to announce Dr. Charity Dean, CEO, Founder, and Chairman of PHC Global, as a keynote speaker for the event. Dr. Dean will join Eric F. Trump, Executive Vice President of The Trump Organization, to headline the conference, which will take place April 8-9, 2025, at The Venetian Resort in Las Vegas, Nevada. This premier event will bring together leading healthcare and technology companies, institutional investors, and opinion leaders to explore the latest trends and innovations shaping both industries.

    Throughout the two-day conference, participants will engage in expert-led panels, corporate presentations, fireside chats, and one-on-one meetings covering advancements in healthcare and technology. Attendees will gain insights into how these rapidly evolving sectors are driving innovation and creating new opportunities.

    “Dr. Charity Dean’s expertise in biosecurity and public health aligns perfectly with the mission of this conference—to showcase innovative solutions that are transforming healthcare and technology,” said Alan Hill, CEO of Jones. “Combined with Eric Trump’s insights from the world of business, the conference will provide attendees with a well-rounded perspective on innovation, leadership, and the future of both industries.”

    Moe Cohen, Head of Investment Banking at Jones, added, “We are proud to host a conference that highlights the latest advancements in healthcare and technology and facilitates connections that drive progress. With keynote speakers of this caliber, attendees can expect thought-provoking discussions that inspire forward-thinking solutions.”

    In addition, Biotech TV and FINTECH.TV will be onsite conducting interviews with participating companies throughout the conference, providing exclusive media coverage and capturing insights from industry leaders.

    If you are interested in attending, please contact your Jones representative to inquire about an invitation.

    For more information about the conference, sponsorship opportunities, or to register, please email mdoyle@jonestrading.com.

    About Jones:

    JonesTrading Institutional Services, LLC (“Jones”) is a leading full-service investment banking firm providing a comprehensive suite of services, including capital markets, M&A, and strategic advisory to corporate clients. The firm is dedicated to building lasting partnerships by delivering innovative solutions, deep industry expertise, and tailored strategies that drive value and success. Founded in 1975, Jones has established itself as the global leader in block trading and a premier liquidity provider to institutional investors. The firm’s offerings also include derivatives trading, outsourced trading, electronic trading, prime services, private markets trading, and research/market intelligence. Member FINRA and SIPC.

    For more information, please visit www.jonestrading.com

    Human Resources
    HR@jonestrading.com

    The MIL Network –

  • MIL-OSI: THSYU Launches New Cryptocurrency Exchange in France with Advanced Security and High-Speed Trading

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 07, 2025 (GLOBE NEWSWIRE) — Thsyu CRYPTO GROUP LIMITED today announced the official launch of THSYU, a new cryptocurrency exchange in France that combines military-grade security features with high-performance trading capabilities. This strategic market entry responds to growing demand for secure, efficient crypto trading platforms in the European market.

    In the midst of a global cryptocurrency boom, the security and efficiency of trading platforms have become top concerns for investors. THSYU addresses these concerns by implementing cutting-edge technology and providing an unrivaled user experience specifically designed for French users.

    Ironclad Security: Protection for Digital Assets
    Recent years have seen crypto exchanges plagued by hacking scandals and asset thefts, shaking investor trust. THSYU counters this with military-grade encryption and a multi-layer cold storage system designed to keep hackers at bay. The platform also boasts a real-time AI monitoring system that flags and halts suspicious activity within milliseconds. A Paris-based early adopter noted, “I finally feel safe leaving significant funds on an exchange—THSYU lets me sleep soundly.” In a crypto world starved for trust, this security pledge is a significant advancement.

    Lightning-Fast Trades: Maximizing Profit Opportunities
    For crypto traders, timing is everything. THSYU’s trading engine can handle up to 1 million transactions per second—far surpassing industry norms. Whether Bitcoin is soaring or Ethereum is crashing, THSYU ensures orders execute instantly, leaving no profit window unclaimed. A French trader shared, “I snagged a new coin’s debut on THSYU—the speed was unreal.” This efficiency gives French investors an edge in the global crypto marketplace.

    Tailored for France: A Localized Crypto Experience
    THSYU isn’t just another generic global platform—it’s specifically focused on France. Beyond offering euro trading pairs and French-language support, the exchange is set to partner with local French banks for seamless fiat deposits and withdrawals. Even more striking, THSYU vows to comply with the EU’s strictest financial regulations, aiming to set a gold standard for legitimacy. For French investors wary of regulatory gray zones, this provides added confidence.

    As the global crypto market continues to evolve in 2025, France—despite its economic prowess—has shown potential for increased crypto adoption. THSYU’s arrival fills a market gap with its combination of security, speed, and localization. The platform is now open for registration at www.thsyu.com.

    Contact Information：
    Jessica Green
    Chief Operating Officer
    Thsyu CRYPTO GROUP LIMITED
    Address:1670 Broadway, Denver, CO 80202, US
    Email:jessica.green@thsyu.com
    Website: www.thsyu.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd4d9eb7-b691-458a-a62c-280a53c44060

    The MIL Network –

  • MIL-OSI: GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL) Launch Today

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, March 07, 2025 (GLOBE NEWSWIRE) — GraniteShares, a leading provider of high-conviction exchange-traded funds (ETFs), is excited to announce the launch of two new leveraged ETFs: GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL). These funds, set to debut today, offer investors a way to express bullish views on MARA Holdings (NASDAQ: MARA) and Marvell Technology. (NASDAQ: MRVL) with amplified exposure.

    GraniteShares specializes in providing ETFs designed for sophisticated investors looking to capitalize on high-conviction opportunities. The new leveraged ETFs will seek daily investment results, before fees and expenses, of 200% of the daily performance of MARA and MRVL, respectively.

    Why Investors Look to MARA and Marvell Technology

    High-Conviction Trading with Leveraged ETFs

    MRAL and MVLL are designed for traders who seek to take advantage of short-term movements in MARA and MRVL with magnified exposure. These ETFs provide an efficient way to capitalize on momentum in two of the most followed stocks in their respective industries. By offering 2x daily leveraged exposure, the funds enable sophisticated investors to implement tactical trades based on market trends, earnings announcements, or macroeconomic events.

    “GraniteShares continues to build on its mission of providing high-conviction investment opportunities,” said Will Rhind, Founder of GraniteShares. “With MRAL and MVLL, investors now have leveraged access to two of the most exciting stocks in the market today—one in the rapidly evolving digital asset space and the other in cutting-edge semiconductor technology.”

    These new ETFs join the growing suite of GraniteShares leveraged single-stock ETFs, which provide traders with targeted exposure to some of the most actively traded names in the market.

    About GraniteShares

    GraniteShares is a global investment firm dedicated to creating and managing innovative ETFs. Headquartered in New York City, GraniteShares is a market leader in leveraged single-stock ETFs, offering products on major U.S., U.K., German, French, and Italian stock exchanges. With a focus on high-conviction investing, the company continues to push the boundaries of ETF innovation to meet the needs of today’s traders and investors.

    For more information about GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL), please visit:
    https://graniteshares.com/institutional/us/en-us/

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    Disclaimer:

    This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. Please read the prospectus before investing.

    Leveraged ETFs seek daily investment results that correspond to a multiple of the performance of an underlying index or security. Due to the compounding of daily returns, holding periods of greater than one day can result in performance that differs from the stated multiple. These ETFs are intended for sophisticated investors who understand the risks associated with leverage and seek short-term tactical trading strategies.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur costs that detract significantly from investment returns.

    An investment in the Fund involves risk, including the possible loss of principal. The use of derivatives such as option contracts and swaps is subject to market risks that may cause their price to fluctuate over time. Additional risks include Risk of the Underlying Stock, Derivatives Risk, Leverage Risk, Price Participation Risk, and Market Volatility Risk. These and other risks can be found in the prospectus.

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    The MIL Network –

  • MIL-OSI United Kingdom: Ambassador For a Day 2025: British Embassy Budapest

    Source: United Kingdom – Executive Government & Departments

    World news story

    Ambassador For a Day 2025: British Embassy Budapest

    The British Embassy in Budapest invites young women aged between 18 and 24 from across Hungary to enter a competition to be an Ambassador for a Day.

    What is Ambassador for A Day? 

    Have you ever wondered how one become an ambassador, or what diplomats do all day? This competition will give the winners the unique opportunity to meet with the British Ambassador to Hungary at his Residence in Budapest, and to spend a day with Embassy colleagues learning and practicing valuable skills that form the core of a diplomatic mission’s work. 

    Why you should enter this competition 

    Women and girls represent half of the world’s population and therefore also half of its potential. Today there are too few women in international diplomacy, including women from under-represented backgrounds, whether ethnic, religious, economic, cultural, or personal identity. Women are not represented at parity in political and business sectors.  

    To end this underrepresentation, we must ensure equality of opportunity and equitable outcomes for everyone.  

    This is why we are encouraging women to make their voices heard on topics that affect us all.  

    We encourage young Hungarian women to become leaders and advocates for change by offering them the opportunity to take a look behind the scenes of the British Embassy in Budapest. 

    Who can enter  

    You can enter this competition if you:

    • are a young woman between the ages of 18-24 at the time of submitting your application
    • are a Hungarian citizen who is currently residing in Hungary
    • have a confident level of spoken and written English
    • are available to spend a full day of activities with us at the British Embassy on 21 May 2025

    How to submit entry  

    To enter, you must fill in this application form in English, which includes the following questions: 

    a) Personal data and preferences 

    • your full name, age, date of birth, hometown, and the name of the secondary school/university you are currently attending (if applicable)
    • contact information (phone, email, and preference to be contacted) 
    • severe allergies and dietary requirements, assistance required (if any) travel/accommodation preferences, workshop and training preferences 

    b) Essay: Who is your greatest female role model from modern history and why? 

    • tell us about your greatest female role model from modern history – the one you feel personally connected to. Why do you find her inspiring? Why is her message or work (still) relevant today? 
    • limit: your essay should not exceed 4000 characters
    • deadline: please submit your application by 11:59pm CET on 5 April 2025

    Please read the  Terms and Conditions for entering the Ambassador for a Day 2025 Competition (PDF, 139 KB, 3 pages) carefully before entering the competition. 

    If you are shortlisted based on your essay, we will contact you for a short online interview with the organisers – and you will have an opportunity to ask questions. Multiple time slots will be offered. 

    Important tips 

    1. Please bear in mind that the topic for the 2025 competition is “Inspiring women in modern history” – this includes the Late Modern Period (from 1800 to 1945) and Contemporary History (from 1945) to the present day. 
    2. Creativity will be an important aspect of the judging criteria. The essay should focus on your personal thoughts, interpretation and evidence-based arguments about why you feel connected to and inspired by the individual, rather than a factual historical narrative about their life. 
    3. The competition’s jury will be comprised of a diverse panel representing different backgrounds to ensure a fair and inclusive evaluation process. For more information on the selection process, please see the Terms and Conditions. 
    4. If you are shortlisted, we will invite you to a short online interview to get to know you and assess your English skills. You will also have the opportunity to ask questions during this conversation. 

    Should you have any questions, please email  competition.be.budapest@fcdo.gov.uk. 

    Deadlines  

    Make sure you enter the competition on time:  

    • competition opens: 8 March 2025 
    • deadline for applications: 11:59pm CET, 5 April 2025 
    • shortlisted candidates contacted for online interviews: 14-15 April 2025 
    • online interviews taking place: 6, 7 or 8 May (multiple time slots will be offered – to be agreed) 
    • final competition winners contacted: 9 May 2025 
    • programme taking place: 21 May 2025

    Updates to this page

    Published 7 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: SITI visits Portugal (with photos)

    Source: Hong Kong Government special administrative region

    SITI visits Portugal (with photos)
    **********************************

    The Secretary for Innovation, Technology and Industry, Professor Sun Dong, led a delegation of representatives from Hong Kong’s innovation and technology (I&T) sector to visit Lisbon, Portugal, on March 6 (Lisbon time).     Professor Sun and the delegation visited Taguspark, which is the largest science and technology park and incubator in Portugal, to learn about the latest effort of Taguspark in pooling technology companies to move in, developing applied science and technology and promoting economic activities covering multiple areas.     Professor Sun and the delegation then met with representatives of the Oeiras Valley Investment Agency and were briefed on the agency’s work in promoting the municipality’s economic growth and attracting investment. The two parties exchanged views on promoting collaboration between innovative parks of Hong Kong and Portugal, as well as investment and exchanges among enterprises in the two places. They also had an exchange with several local enterprises.      In the evening, Professor Sun met with Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Portuguese Republic, Mr Zhao Bentang, to brief him on the new initiatives by the Hong Kong Special Administrative Region Government in promoting I&T, and developing new industrialisation to support the high-quality economic growth of Hong Kong. They also explored ways to enhance co-operation between Hong Kong and Portugal in the I&T field.     Members of the delegation include heads from the Hong Kong Science and Technology Parks Corporation (HKSTPC), Cyberport, the Hong Kong Applied Science and Technology Research Institute and the Hong Kong Microelectronics Research and Development Institute, as well as representatives of 24 local I&T enterprises or institutions. The HKSTPC and the Hong Kong Trade Development Council co-ordinated the participation of the I&T representatives of the enterprises and institutions at the MWC 2025.     Professor Sun will conclude the visit in Portugal on March 7 and will return to Hong Kong in the afternoon on March 8 (Hong Kong time).

    Ends/Friday, March 7, 2025Issued at HKT 9:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong and Macao cohost investment promotion seminar to encourage Macao enterprises to expand overseas via Hong Kong (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong and Macao cohost investment promotion seminar to encourage Macao enterprises to expand overseas via Hong Kong (with photos)
    ******************************************************************************************

    The Chief Executive, Mr John Lee, met with the Chief Executive of the Macao Special Administrative Region, Mr Sam Hou-fai, at Government House last month to exchange views on further promoting Hong Kong’s co-operation with Macao and the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). To implement and enhance co-operation between the two places, Invest Hong Kong (InvestHK) cohosted an investment promotion seminar with the Commerce and Investment Promotion Institute of the Macao Special Administrative Region in Macao yesterday (March 6), receiving about 90 local representatives from various sectors, including manufacturing, branding, retail, food and beverage (F&B), import and export trading, as well as chambers and associations. The seminar aimed to update Macao enterprises on Hong Kong’s latest business environment and new opportunities, especially in retail, F&B and trade sectors, encouraging them to leverage Hong Kong’s unique advantages to expand overseas.     Entitled Macao Enterprises Expansion Series – Hong Kong’s New Business Opportunities Seminar (Retail, F&B and Trade), the seminar marked the first collaboration between the two promotion agencies in 2025, aiming to enhance learning from each other and strengthen co-operation between the two cities, as well as to explore new business opportunities in the GBA.     “Hong Kong and Macao share a strong bond as dynamic and complementary economies within the GBA,” said Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau. “Macao goods have long been a favourite among Hong Kong consumers, showcasing the strong cultural and economic ties between the two vibrant cities. By expanding into Hong Kong, Macao enterprises can extend their reach not only to the local market, but also promote their products to the international and Mainland visitors passing through Hong Kong. Moreover, Hong Kong has many trade shows that attract international buyers. The city is an ideal platform for Macao enterprises to connect to the world and expand globally,” he explained.     At the seminar, the President of the Commerce and Investment Promotion Institute of the Macao Special Administrative Region, Mr Vincent U, said, “Hong Kong and Macao have maintained close business co-operation and commercial ties for many years, including holding joint investment promotion activities to promote opportunities in the GBA. Building on this long-standing collaboration, we aim to further strengthen two-way investment co-operation and explore more opportunities for Hong Kong-Macao collaborations and the development of the GBA market.”     The Head of Consumer Products of InvestHK, Ms Angelica Leung, and the Head of Tourism and Hospitality of InvestHK, Ms Sindy Wong, highlighted the latest industry trends and shared case studies respectively with Macao enterprises during the seminar, helping them to gain a better understanding of Hong Kong’s market and advantages. They also provided information on the latest government policies, including details on industry events and available funding support to help businesses expand, enhance competitiveness through digital transformation and explore international markets. Macao enterprises that have a presence in Hong Kong also shared their practical insights at the event, encouraging local enterprises to raise brand awareness and “go global” via Hong Kong.     InvestHK will continue to collaborate with related Macao organisations to jointly promote business opportunities in Hong Kong, assisting local enterprises to expand overseas via the city.

    Ends/Friday, March 7, 2025Issued at HKT 10:00

    NNNN

    MIL OSI Asia Pacific News –