Politics

Trump Vetoes Resolution to End U.S. Support of Arab Coalition Forces vs. Iran-Backed Houthi Movement in Yemen

U.S. President Donald Trump sent back to Congress without Executive Approval, the joint resolution passed by Senate last March 13, 2019 under S.J. 7. The joint resolution bars Trump as the Commander-in-Chief of the U.S. Armed Forces from approving further provision of military assistance, to the Saudi-backed Arab Coalition Forces waging war against the Iran-backed Houthi movement in Yemen.

In a letter addressed to the United States Senate, Donald Trump asserts that the resolution is unnecessary, since there are no U.S. military personnel in-charge or participating in the ongoing hostilities in Yemen. Yet he also stated that the resolution presents a

”dangerous attempt to weaken his constitutional authorities.”

S.J. 7: An Unprecedented Bill in the History of U.S. Congress

S.J. 7 of the 116th Congress is a resolution that puts an end to U.S. military support for the Arab-backed coalition forces that intervened in Yemen’s affairs since 2015. The intervention aims to restore Yemen’s internationally recognized government, taken over by the Iran-aligned Houthi. The resolution includes barring arms sales and sharing of intelligence.

Senator Bernie Sanders of Vermont, calls the joint resolution historic, because this is the first time in 45 years that Congress has taken measures to stop U.S. forces from participating in an unauthorized war. Senator Sanders, a long-serving independent from Vermont who later sided with the Democrats said,

”For many years, under Democratic presidents, under Republican presidents, Congress has abdicated its responsibility and allowed presidents to take our people into war without congressional authority,”

Although it is true that there are no U.S. military personnel actively taking part in the long running civil war in Yemen, the U.S. has been refuelling Arab Coalition aircrafts blamed for airstrikes that have killed thousands of Yemen civilians.

Last December 2018, Timothy Lenderking, Trump Administration’s Deputy Asst. Sec. for Arabian Gulf Affairs gave assurance to the United Arab Emirates in a security forum, by stating

“We (Trump Administration) believe that the support for the coalition is necessary. It sends a wrong message if we discontinue our support.”

Still, after Congress passed S.J.  7 last month, the U.S. military has ceased refueling Arab Coalition aircrafts.

Investments

Source of Foreign Investments in New Zealand

While 12% of Foreign Investments in New Zealand is accounted to Financials allowing easy land purchase and extending financial help such as easy loans to the average working class of the country, 18% of Foreign investments had been accounted to Energy, power, and utilities.

The top three largest foreign investors in New Zealand is reported to be the United States, Canada, and Australia. Following the top three are China and Singapore (report has sourced from Overseas Investment Office analysis). A report on overseas direct investment also said that Canterbury, Southland, and Otago regions made up 49 % of most freehold land agreed to within the Overseas Investment Act.

Generally, the overseas direct financial commitment in New Zealand had been accounted for as follows; the United States and Canada 17 % and 15 % respectively, Australia 12 %, China 9 %, and Singapore 8 %.

— New Zealand Herald

The strong economic growth in New Zealand proves to go stronger compared to its neighboring countries. And because of this, New Zealand continues to be an attractive investment to many overseas investors all over the world. Research shows a growing number of foreign investors spread throughout varied sectors in the country.

Top Foreign Investments Per Sectors

Three sectors come strong in the interest of investors which are utilities, real estate, and food. And even there’s a surmounting amount of over $3.4 billion in investment in agriculture, it has not made to the top 10 sectors that were openly disclosed to the public.

Asian investors in New Zealand usually focused on agribusiness, food, and waste management. Investors from the United States and Australia have a broader approach, making their investments in a broader approach. The top 10 largest investments account for only 33% of the total overseas investment of $26.3 billion. It had been noted that the largest single transaction totaled to $1.3 Billion which had been listed under a Hong Kong investment company but reported to be a Singaporean owned company.

To this date, New Zealand remains to be open to foreign investors. The country partnering with “quality” overseas investors provides a chance for New Zealand to expand and to be more competitive on a global scale.

The ideal sort of foreign financial commitment is when overseas investors are adding capital into local entities (New Zealand-owned businesses) rather than deals between foreign businesses.

The United States had been the most significant acquirer of parcels of land in the real estate sector within a three year period, from 2013 to 2015. It had been accounted to have contributed 40 % in New Zealand’s total foreign investments. Forestry deals had been the most sizeable factor in the numbers provided in the statistical analysis report of New Zealand’s overall foreign investments.