Financial Times published a statement by their entire editorial board which bluntly lays out what the British are deployed to make happen under the current conditions of total global institutional meltdown. It is headlined: “A Rescue Mission for the Rules-Based Order.”
The editorial statement begins: “The U.S.-shaped hole in global governance is now clear for all to see, and raises what may be a defining geopolitical question of our times: can some version of a rules-based international order be salvaged for the rest of the world? In some areas, at least, there are grounds for hope—if other powers, above all Europe, step up to the task.”
Concretely that requires global trade deals, for which FT points to the fact that “Brussels and New Delhi this week agreed on a long-sought EU-India trade deal,” and to the long-awaited EU-Mercosur free trade agreement. But the key, the editorial board says, is China: “Also this week, U.K. Prime Minister Sir Keir Starmer met China’s President Xi Jinping, hot on the heels of Canada’s Prime Minister Mark Carney, as both tried to forge partnerships to deepen economic relations between their countries and China.”
