Monday, May 21, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




BRIC Nations Demonstrate Unified Opposition to UN Involvement in Libya

China’s Ambassador to the United Nations Li Baodong votes to abstain in a resolution put forth at the UNSC calling for the implementation of a no-fly zone in Libya on March 17, 2011 at UN headquarters in New York. Ten members voted yes while 5 abstained: Brazil, China, India, Germany, Russia. (Photo AFP)

By Teja Yenamandra

Mar. 22 – Signaling perhaps the aligning of a new diplomatic bloc, BRIC nations have voiced a nearly unified opposition against recent U.S.-led airstrikes on Libya. During the United Nations Security Council’s vote to institute a no-fly zone over Libya last week, Brazil, Russia, India and China all abstained from voting.

The resolution commits members to “take all necessary measures, to protect civilians and civilian populated areas under threat of attack” and was jointly proposed by Britain, France and Lebanon, and backed by the United States. In total, 10 nations voted in favor, while permanent members China and Russia and non-permanent members Germany, Brazil and India abstained.

Regarding the political drift between the BRIC-block and South Africa (which voted in favor of the resolution), Nomfanelo Kota, a diplomat in South Africa’s New York Consulate, said, “African members (on the UN Security Council) were united and I wouldn’t want to argue that BRICS has been aborted as that would be too radical a conclusion to make.”

“This vote shows that our national capacity as a sovereign state has not been compromised as we can act through our convictions and not be constrained by bloc dynamics,” he later added.

The most direct implication of the institution of a no-fly zone is that the use of violence is authorized to prevent Libyan leader Muammar Gaddafi from using airpower to fight Libya’s rebels. The past three days have seen constant bombing of the Libyan government’s defenses, and although the United States’ stated position is that Gaddafi should be removed from office, the U.S. Department of Defense claims that Gaddafi himself is not the target of the attacks.

If the conflict continues, a worrying development may be Gaddafi’s move to position his defenses near population centers where civilians are heavily concentrated. Maintaining a no-fly zone over Libya will require a substantial military commitment, and the time-frame for UN coalition forces to remain engaged in Libya has not been clearly defined.

Early Tuesday, China called for an immediate cease-fire and talks to end the violence.

India too has stepped up its criticism of UN involvement in Libya.

“What is happening in a country, within their internal affairs, no external powers should interfere in it,” Pranab Mukherjee, India’s finance minister told lawmakers on Tuesday.

Russia, for its part, has always been vociferous in its condemnation, with Prime Minister Vladimir Putin calling UN involvement in Libya a “crusade.”

With President Barack Obama currently in Brazil, the lack of a strong statement from the country may be explained easily.

So far, the only nation to have officially recognized the rebel council in Benghazi, also known as the Interim Governing Council, is France.

This entry was posted in Politics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF