Exclusive: EU Will Gain Almost Nothing From New US Trade Deal – Spanish Economist

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Source: People's Republic of China – State Council News

BARCELONA, Spain, Aug. 3 (Xinhua) — The European Union has little to gain from a new trade deal with the United States, with Germany likely to be the bloc's worst-hit member, Sergi Basco, an associate professor of economics at the University of Barcelona, told Xinhua on Thursday.

As S. Basco noted, “the only positive result for Europe” in the deal, according to which the United States will set a basic 15 percent tariff rate on goods from the EU, while many American exports to Europe will not be subject to duties, is that “instead of 30 percent, it will be 15 percent.”

The expert stressed that Germany would likely “lose the most” as it is the largest EU exporter to the US.

"The tariffs will likely reduce sales of German cars to the United States" and will also hurt Spain's auto industry "since many of the cars Germany sells use components made in Spain," Basco added.

He criticised European leaders for being "too weak" in negotiating the deal, saying the EU had tools to resist US pressure.

"I don't know if it's because the negotiations were complicated by differences, but in my opinion their response was weak," the Spanish economist said.

At the same time, as S. Basco warned, it is “important” to take into account that the trade deal “is not binding”. He referred to the statement of the European Commission, which emphasized that the parties “will conduct further negotiations in accordance with their internal procedures for the full implementation of the political agreement”.

The expert recalled that European Commission President Ursula von der Leyen described the trade agreement as a “framework,” adding that its adoption would require the approval of all 27 EU member states, whose ambassadors will meet on August 4. –0–

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The President of Kazakhstan and the UN Secretary General signed an agreement to establish a UN regional center in Almaty

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ALMATY, Aug. 3 (Xinhua) — Kazakh President Kassym-Jomart Tokayev and United Nations Secretary-General Antonio Guterres attended a signing ceremony of an agreement between the Kazakh government and the United Nations to establish a UN regional center for Sustainable Development Goals (SDGs) for Central Asia and Afghanistan, a statement to that effect was published on the Kazakh president's official website on Sunday.

K.-Zh. Tokayev noted that today's event is of great importance both for Kazakhstan and the UN. The signed agreement officially confirms the creation of a regional center for SDGs and marks an important stage in the long-term and fruitful cooperation between Kazakhstan and the UN.

“The powers and functions of this center will not overlap with the activities of other organizations either within the region or beyond. On the contrary, the center will complement the efforts already being undertaken, bringing additional value by focusing on the real needs of the residents of the entire region. Such problems of Central Asia as the environmental degradation of the Aral Sea and the shrinking area of the Caspian Sea have become notorious. To effectively address them, it is necessary to strengthen regional cooperation and increase the involvement of the UN,” emphasized K.-Zh. Tokayev.

In turn, A. Guterres stated that the opening of the center means the beginning of a new chapter for the region on the path to achieving sustainable development goals.

“The opening of the centre symbolises a new era of cooperation in Central Asia, based on shared priorities and joint solutions. The centre has great potential to demonstrate how strong ties between the region’s leaders can lead to deeper economic integration,” the UN Secretary-General said.

Kazakhstan will reportedly host a regional environmental summit in Astana in April 2026 in partnership with UN agencies. –0–

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An ethno festival was held on the shore of Lake Issyk-Kul

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BISHKEK, Aug. 3 (Xinhua) — The Salbuurun ethnofestival dedicated to the nomadic heritage of the Kyrgyz people was held in Bokonbaevo village on the southern shore of Lake Issyk-Kul on Saturday. The event attracted hundreds of guests from around the world.

The festival aims to popularize national culture, preserve the intangible heritage of nomads and develop cultural tourism. The organizers presented a rich program that united more than 15 thematic sites. Visitors saw a demonstration of the art of hunting with hunting birds, performances by berkutchi and falconers, Kyrgyz wrestlers, horse stuntmen, and also heard the epic "Manas" and folk music performed live.

The guests were particularly interested in the performances of archery masters, throat singing and demonstration of ancient Kyrgyz writing. In addition, an exhibition of hunting trophies, traditional bows, horse ammunition and handicrafts was organized.

"The festival has become a unique platform for getting to know the rich cultural heritage of the Kyrgyz people. We intend to hold it annually on the first Saturday of August, so that guests from other countries can plan their trips in advance," said one of the organizers, Sergei Glukhoverov. –0–

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Fujian Province Activates Emergency Response Mechanism for Possible Floods

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FUZHOU, Aug. 3 (Xinhua) — East China's Fujian Province has issued a Level 4 emergency response mechanism over possible flooding, the provincial flood and drought control headquarters said Sunday.

According to the provincial meteorological service, heavy rainfall is expected in Zhangzhou, Putian, Quanzhou, Xiamen and other areas of the province on Sunday. In some of these areas, the rainfall will be accompanied by gusts of wind, the force of which may reach 10 points. In addition, heavy rainfall will hit the central and southern parts of the province on Monday and Tuesday.

The headquarters urged local authorities to closely monitor the effects of heavy rains and promptly take or adjust emergency response measures to floods to ensure the safety of residents and their property.

China has a four-tier flood emergency response system, with tier one being the most serious. -0-

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Five people confirmed dead after being washed away by flood waters in mountainous region in southern China

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GUANGZHOU, Aug. 3 (Xinhua) — Five people have been confirmed dead after being washed away in a mountainous area in Hoidong County, south China's Guangdong Province, local authorities said Sunday.

After police received information at around 8:22 p.m. Friday that five people on a hike to Baimashan Mountain had been swept away by a flood, local authorities immediately launched a rescue operation.

Search and rescue efforts were complicated by difficult terrain, poor visibility at night and continued rainfall in recent days.

The bodies of all five missing people were found at approximately 2:15 p.m. Sunday.

A total of more than 1,300 people were involved in the search and rescue operations. -0-.

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Scientists from China and Uzbekistan have discovered the reason for the decline of agricultural civilization in Central Asian oases in the Bronze Age

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BEIJING, Aug. 3 (Xinhua) — A prosperous agricultural civilization that emerged in the Bronze Age oases of southern Central Asia collapsed largely due to prolonged drought, scientists from China and Uzbekistan have concluded after years of research.

It is known that the oases in the south of Central Asia were an important hub of exchange between ancient civilizations between Asia and Europe. The emergence of settlements in this region about 4,000 years ago was due to the increased frequency of exchanges between eastern and western civilizations and the rapid development of agriculture.

Scholars view Central Asia as a key region for studying the development and spread of agriculture and environmental adaptation of early civilizations in arid zones in the context of intercontinental exchanges of civilizations.

A group of researchers from the Institute of Vertebrate Paleontology and Paleoanthropology of the Chinese Academy of Sciences, together with Northwest University /China/, Fergana State University /Uzbekistan/ and the State Archaeological Center of the Academy of Sciences of Uzbekistan, conducted long-term studies of two archaeological sites of Sapallitepa and Jarkutan in southern Uzbekistan.

Sapallitepa is a settlement of ancient farmers of the Bronze Age in the Surkhandarya River valley, and Dzharkutan is an ancient settlement, one of the largest monuments in Central Asia, dating back to the final stage of the Bronze Age.

The results of the analysis of spore powder and stable isotopes show that 4200-3900 years ago, the oases in the south of Central Asia had favorable meteorological conditions. Local residents grew various types of crops, including barley, wheat, millet, grapes, oleaster, etc.

The scientists also conducted morphological studies of the fruits of the narrow-leaved oleaster extracted from the ground and found out their different origins. Thus, at that time in the oases in the south of Central Asia, a production method of growing foreign crops in combination with the collection of local aboriginal crops appeared, the scientists said.

The team found that paleoclimate data showed that the drying trend in southern Central Asia and northern South Asia began about 3,900 years ago. The deterioration of the environment caused by the drought lasted for about a century, leading to a decline in the number of local inhabitants.

At the same time, the number of pastoralists increased significantly in the southern part of the Eurasian steppes, where the climate was relatively humid. The prosperity and spread of the pastoral culture to the south were important factors that led to the decline of agricultural civilization in the oases of southern Central Asia and the migration of nomads there in the late Bronze Age.

The results of the research by scientists from China and Uzbekistan were recently published in prestigious international scientific journals Journal of Archaeological Science and Quaternary Science Reviews. -0-

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More than 20 migrants dead, dozens missing after ship sank off Yemen

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Aden, Yemen, Aug. 3 (Xinhua) — More than 20 migrants were killed and dozens more are missing after a boat carrying 150 Africans sank off the coast of Abyan province in the Arabian Sea in southern Yemen, Yemeni sources said Sunday.

A local official, who asked to remain anonymous, told Xinhua that the boat capsized late on Saturday at around 11 p.m. local time (20:00 GMT) due to strong winds.

More than 20 bodies were found on the coast of the towns of Shukra and Zinjibar on Sunday morning, while 12 survivors were taken to a hospital in the town of Shukra, he said, adding that dozens of migrants were still missing.

Security forces are carrying out a large-scale humanitarian operation to retrieve the bodies of a large number of illegal migrants of Ethiopian origin who drowned while trying to illegally enter Yemen from the Horn of Africa, the Abyan Governorate Security Directorate said. –0–

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More than 20,000 China-Europe freight trains have passed through the Erenhot checkpoint since 2013

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HOHHOT, Aug. 3 (Xinhua) — More than 20,000 China-Europe freight trains have passed through the Ereenhot railway port in north China's Inner Mongolia Autonomous Region in both directions as of Aug. 3 since the service was launched in 2013, the Hohhot branch of China State Railway Corporation (CSRC) said Sunday.

According to the KGZK, in recent years, along with China's increased efforts in international economic and trade cooperation, the number of trains running through the Erenhot railway checkpoint, their destinations, as well as the frequency of their trips and the types of cargo carried have increased significantly.

The 10,000th China-Europe freight train crossed the border at Erenhot Port in 2022, and the remaining 10,000 trips were completed in about three years. According to the CGRC, the trains previously mainly carried metals, chemicals and clothing, but now they carry high-value-added goods such as new energy vehicles, electronics and home appliances.

Ereenhot is the largest land border crossing between China and Mongolia. It currently handles freight trains on 73 China-Europe routes. Regular rail service through the crossing connects more than 60 Chinese cities with more than 70 junctions in more than 10 countries, including Germany and Poland. -0-

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Breaking: More than 20 migrants dead, dozens missing in Yemen boat sinking

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Aden, Yemen, Aug. 3 (Xinhua) — More than 20 migrants were killed and dozens more are missing after a boat carrying 150 Africans sank off the coast of Abyan province in the Arabian Sea south of Yemen, Yemeni sources said Sunday.

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Aftershock of magnitude 6.8 recorded in Kamchatka

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Vladivostok, August 3 /Xinhua/ — An aftershock with a magnitude of 6.8 was recorded in Kamchatka, RIA Novosti reported on Sunday, citing the Kamchatka branch of the Federal Research Center of Natural Geology and Geophysics of the Russian Academy of Sciences.

The tremors occurred at 17:37 local time, 279 km from the capital of the Kamchatka Territory, Petropavlovsk-Kamchatsky. The depth of the source is 25.9 km. A tsunami wave up to 19 cm high may approach Kamchatka after the aftershock.

“According to calculations by the Kamchatka Tsunami Monitoring and Warning Center, as a result of an earthquake that occurred in the Pacific Ocean, a tsunami wave no higher than 19 cm may approach the Aleutian Municipal District, no higher than 15 cm may approach the Ust-Kamchatsky Municipal District, and no higher than 3 cm may approach the Petropavlovsk-Kamchatsky Urban District,” reads a message published by the Main Directorate of the Russian Emergencies Ministry for the region on its Telegram channel.

On July 30, the strongest earthquake since 1952 occurred in Kamchatka. –0–

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