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China says its new land border law will not affect existing border treaties

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BY S VENKAT NARAYAN Our Special Correspondent

NEW DELHI: China said on Thursday that its new land border law will not affect the implementation of existing border treaties, and urged relevant countries to avoid making “undue speculation” about a “normal legislation”.

China’s national legislature — the National People’s Congress (NPC) — on October 23 adopted the new law on the protection and exploitation of the land border areas. This drew sharp reaction from India as it was passed amid the protracted military standoff between the two sides in eastern Ladakh region.

On Wednesday, India hit out at China for bringinmg out the new land border law, and said it expects China to avoid taking any action under the “pretext” of the legislation that could “unilaterally” alter the situation in the border areas.

External Affairs Ministry Spokesperson Arindam Bagchi described China’s decision to bring out the law as a matter of “concern” as it can have implications on the existing bilateral pacts on the management of the border and the overall boundary question.

“China’s unilateral decision to bring about a legislation which can have implication on our existing bilateral arrangements on border management as well as on the boundary question is of concern to us,” he said.

“Such unilateral move will have no bearing on the arrangements that both sides have already reached earlier, whether it is on the boundary question or for maintaining peace and tranquillity along the Line of Actual Control (LAC) in India-China border areas,” he said.

Responding to questions on the Land Border Law, Chinese Foreign Ministry spokesman Wang Wenbin said: “It is a normal domestic legislation that serves our realistic needs and also confirms to international practice”.

“This law has clear stipulations on China’s cooperation with its neighbouring countries and the handling of the land border issues,” he said at a regular foreign ministry briefing in Beijing.

In an apparent response to India’s concerns, Wang said: “It will not affect China’s implementation of existing border treaties. Nor will it change existing practice in our cooperation with neighbouring countries. It does not mean that there is a change in our position on the border development issue.”

To a specific question about India’s criticism of the law, Wang said: “I just briefed you on the considerations behind the law. We hope relevant countries can avoid making undue speculation about the normal legislation in China.”

Earlier, elaborating on the provisions of the new law adopted by the NPC last week, Wang said President Xi Jinping signed decree No. 99 on the same day announcing that the law will come into effect from January 1, 2022.

“The Article 62 of the law identifies the leading mechanism and duties of departments of military and localities in implementing the law. It sets the rules for the demarcation procedures and also covers the areas of defence and management of borders as far as international cooperation,” he said.

“China has 22,000 kms of land borders. It has 14 land neighbours. The promulgation of the law is to coordinate and have unified standards for strengthening border management and advance relevant cooperation,” he said.

“This is an important measure in advancing the rule of law. It is a normal domestic legislation that serves our realistic needs and also confirms to international practice,” Wang said.

India and Bhutan are the two countries with which China is yet to finalise the border agreements, while Beijing resolved the boundary disputes with 12 other neighbours.

While India-China border disputes cover 3,488-km along the Line of Actual Control, the China-Bhutan dispute covers about 400 km.

India and China have already held over 20 rounds of border talks under the framework of the Special Representatives dialogue which was set up to find an early solution to the border dispute.

Both sides have been maintaining that pending the final resolution of the boundary issue, it is necessary to maintain peace and tranquillity in the border areas.

The eastern Ladakh border standoff between the Indian and Chinese militaries erupted on May 5 last year following a violent clash in the Pangong lake areas and both sides gradually enhanced their deployment by rushing in tens of thousands of soldiers as well as heavy weaponry.

The tension escalated following a deadly clash in Galwan Valley on June 15 last year. As a result of a series of military and diplomatic talks, the two sides completed the disengagement process in the north and south banks of the Pangong lake in February and in the Gogra area in August.

The last round of military talks on October 10 ended in a stalemate following which both sides blamed each other for the impasse.



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Lanka to lend US$2.5bn to US and top-rated borrowers in 2023 under IMF deal: analysis

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ECONOMYNEXT – Sri Lanka is projected to lend 2,533 million US dollars mainly to the US and Euro areas during an International Monetary Fund deal in 2023 including a mandatory 1.4 billion US dollars collected from exports and remittances, according to official documents.

Sri Lanka is expected to get two tranches of 331.2 million dollar (254 million special drawing rights each) in March and September 2023 from the IMF.In 2023 Sri Lanka has to repay 256.4 million dollars from an earlier IMF loan taken during an earlier currency crisis.

Net inflows from the IMF would be 406.12 million US dollars in 2023 if the first review is completed in September 2023.Sri Lanka has committed to collect at least 1.4 billion US dollars from remittances and exports and lend to the US and other developed nations during 2023 under the IMF deal.

A large volume has already been collected. An ad hoc peg is now operated under the IMF deal to buy dollars and export to the West, as ‘below-the-line outflows. Sri Lanka’s foreign reserves are usually loaned to highly rated sovereign or sovereign linked borrowers, mainly in the US.

But there have been amounts of Euro assets in Sri Lanka’s foreign reserves at times, triggering forex losses when the dollar to Euro parity changed.Under the IMF program there is a performance criterion to increase net international reserves by 1,948 million dollars during 2023.

Sri Lanka is also expected to repay a 200 million US dollar swap to Bangladesh during 2023, which will also raise the NIR.At the moment Sri Lanka’s central bank is in debt after borrowing from India, Bangladesh, India including on Asian Clearing Union dues as well as the IMF. Year end net international reserves would still be negative.

Sri Lanka’s gross reserves are expected to rise by 2.5 billion US dollars to 4.4 billion US dollars in 2023 indicating that the country will lend 2.5 billion US dollars to the US and other highly rated borrowers. It may include re-invested interest coupons.

Sri Lanka is also expected to get 650 million dollars from the Asian Development Bank and 250 million dollars from the World Bank as part of partner support for the IMF deal. Outside of core monetary reserves linked to reserve money, balances in Treasury accounts are also counted as forex reserves.

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BASL writes to IGP over protest against Saliya Peiris

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The BAR Association of Sri Lanka (BASL) has condemned a protest staged outside the Law of Chamber of BASL President Saliya Pieris, PC on Friday.The protest was staged against the representation of Saliya Pieris, PC for notorious Sri Lankan drug kingpin Nadun Chinthaka alias “Harak Kata”.

Condemning the protest, BASL said in a statement that Saliya Pieris, PC was only conducting his professional duties with regard to a particular client.

“We are of the view the said protest seriously hinders his right to represent a client, a professional right which has been safeguarded by law,” it pointed out.

The BASL called on the Inspector General of Police (IGP) to take action to ensure that Saliya Peiris’s professional duties as an Attorney-at-law, are not hindered and to ensure his safety.

Full text of the letter: ” We write with reference to an organized protest outside the chamber of Mr Saliya Pieris, President of the \Bar Association of Sri Lanka.

We have been made aware the said protest relates to Mr. Pieris conducting his professional duties with regard to a particular client. We are of the view the said protest seriously hinders his right to represent a client, a professional right which has been safeguarded by law.In the case of Wijesundara Mudiyanselage Naveen Nayantha Bandara Wijesundara v Sirwardena and Others (SCFR 13/2019), the Supreme Court observed that:

“The first piece of legislation passed by the Parliament soon after the promulgation of the 1978 Constitution was the Judicature Act No. 02 of 1978. As the administration of justice in any civilized society cannot be effectively implemented without lawyers, the legislature in its wisdom, through the Judicature Act, established the legal profession.

Thus, there is no dispute that the legal profession is a sine qua non for the due administration of justice in this country and for that matter in any civilized society. The said profession is essential for the maintenance of the Rule of Law and maintenance of law and order and its due existence is of paramount importance to the organized functioning of the society which is primarily the basis for the smooth functioning of the country as a whole.”

Further, Section 41 of the Judicature Act which has clearly set out the right of representation, and, has further shed light on the above mechanism established for implementing the administration of justice in the country.

It is as follows; Section 41 of the Judicature Act (Right of Representation)

(1) Every attorney-at-law shall be entitled to assist and advise clients and to appear, plead or act in every court or other institution established by law for the administration of justice and every person who is a party to or has or claims to have the right to be heard in any proceeding in any such court or other such institution shall be entitled to be represented by an attorney-at-law.

(2) Every person who is a party to any proceeding before any person or tribunal exercising quasi-judicial powers and every person who has or claims to have the right to be heard before any such person or tribunal shall unless otherwise”

Therefore, we strongly demand that you take action to ensure that Mr. Peiris’s professional duties as an Attorney-at-law, are not hindered and to ensure his safety.”

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State need not do business, says Ranil, seven SOEs to be divested

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ECONOMYNEXT – The State need not engage in business as its mandate is to provide services such as education and maintain law and order, President Ranil Wickremesinghe said Thursday defending plans to divest government-held shares of seven state owned enterprises (SOEs).

At a discussion at the presidential secretariat on Thursday morning, Wickremesinghe responding to a question about the decision said that Sri Lanka must no longer hold on to corporations and enterprises owned by the government.

Sri Lanka has been spending more on the state-run Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC) than it has on education, he said.The following seven SOEs will undergo the divestment of state-held shares: Sri Lankan Airlines Ltd including Sri Lankan Catering Ltd, Sri Lanka Telecom PLC, Sri Lanka Insurance Corporation Ltd,

Canwill Holdings Pvt. Ltd., (Grand Hyatt Hotel), Hotel Developers Lanka Ltd., (Hilton Hotel Colombo), Litro Gas Lanka Ltd., including Litro Gas Terminals (Pvt) Ltd., (LPG retailing), and Lanka Hospital Corporation PLC

The State Owned Enterprises Restructuring Unit of the Ministry of Finance, Economic Stabilisation and National Policies will oversee the process, a statement said.

“Not all of them are loss making. But we do have to repay debt. You can’t keep these and pay back loans.

“If we can’t pay off our loans, we might have to sell something in the house and pay it,” said Wickremesnghe.

Asked why Sri Lanka should sell SOEs that aren’t making losses, he responded: “Why is the state engaged in business? That’s not our mandate. The state has no business engaging in business.”

“In what country is there a law that these (businesses) should be (held by the state)?” he added.

Noting that the crisis-hit nation is trying to embark on a path of recovery and rapid development, the president said Sri Lanka must follow India’s example.

“India is selling their airports, profit making ones. India has come to that stage. We have to go there too.”

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