"The Kingdom of Dorvik thanks our gracious hosts from Lourenne for hosting this event. The Eight Economies has been an instrumental organization in the world even if it has at times, been quiet when it comes to global issues. I am very excited to be joined here today by my colleagues from Hutori to discuss security in global supply chains. I can promise that I read all the material that my ministry and others have prepared for me when it comes to discussing this topic. We live in an increasingly globalized economy. I can go to the store in Haldor and pick up two bags of flour and one will be produced in Miktar while another might be produced from Yingdala, the same can be said for any number of products across the globe and I am sure that my colleagues from across the world will discuss this, the key issue we face is keeping that engine moving. I think that we have all seen tensions and conflict arise that have caused issues with the supply chain.
A recent example of this was the diplomatic row that erupted between several countries and Kalistan regarding the Ananto Straits. I can speak from experience that the Dorvish were impacted by this as I am sure everyone else here had questions about the trade that was ongoing within the Anantoese Ocean and the areas impacted by the diplomatic row. This presented the Ministry of Finance an issue to handle: How do we protect our supply chain when events disrupt it? I think we all have an answer: "Well, Steffen, we produce our own XYZ." That is a great concept but unrealistic. No one country can commit to autarky and believe that it can be successful in the long run. Now, I am not blind to the problems that globalization brings but I am receptive to that our globalized economy has often made products cheaper and has often made products that were once a luxury now a common item.
The global supply chain does not just face issues when it comes to nation-states coming to blows, that will always be present and we must rely on the World Congress as well as our allies and sane minds to quell the tensions the best that they can. Trade will be interrupted by diplomatic rows, economic issues and the like when it is made by nation-states despite our best wishes. Another issue plaguing the world, ironically enough, is piracy. Dovani has been the focus of many of our countries eyes recently with the outbreak of tensions and hostilities in North Dovani but it should also be mentioned that we have an ally in the "Third World" region in Ostland. Ostland, among others, have provided a stable anti-piracy mission in the Sea of Carina, the main body of water at the heart of Dovani and despite a relatively advanced navy and air force, continue to provide a number of reports that piracy in the region has gotten worse.
Let us not forget that the Midway Canal provides us all with vital trade and economic benefits but has required Midway to step up its anti-piracy patrols due to increased piracy off the coast of southeastern Dovani. We must, as a group of nations that have the funding and the capabilities, take piracy seriously. As of last year the World Congress Security Council as well as intelligence sources around the world have pegged the pirate attacks on vessels to be around 350 for the 4749 through 4750 year. While the image of pirates conjures up eye patches and peg legs, these are very real threats that our global supply chain faces and while the Security Council provides us a means to provide the world with guidance, there is no reason we cannot act upon this to protect ourselves and all nations around the world in this very important issue.
With that being said, I'll allow my colleague from Hutori to speak before I take the mic again."
I would like to firstly apologize for potentially interrupting both the Kazulian and Valruzian delegate, however I would like to discuss this issue, as it directly effects the Kingdom of Keymon. I understand that our nation is merely a guest of, and not a member of, the 8E. However I feel that giving the opinion of our nation is important for this conference.
Now, the addressing of the economic conditions of the world. As clear to all of you, the world economy has seen a slowdown in the recent years. This has had a direct impact on trade and, therefore, the Keymon economy. Keymon, for as long as it has existed, has been a major trading hub for Artanian, Seleyan, Dovani, and Majatran goods and trading vessels. However now, with global trade slowing, the effect is evident in the many quite ports of Leighstown and Turtle Bay. We’ve seen one of the greatest reductions in foreign trade in the last century. This reduction in trade not only effects Keymon and her people but effects all nations and people’s reliant on trade for a portion of there GDP and economic output.
This reduction in trade has seen the GDP of Keymon drop by 3%. Whilst that doesn’t appear too harmful to other nations…to Keymon, it is extremely harmful. That drop in GDP correlated with a drop in the purchasing power of the average Keymon citizen, which directly effects the other aspects of our economy, specifically our services sector. Whilst the influx of Lourennais tourists have sufficiently made up for this drop in purchasing power, the effect is still felt elsewhere. The loss of trade directly harms Keymon and her economy, as much as it effects all other nations.
I believe to combat this stagnation in trade, that directly harms economic growth, the nations of the world must commit to a policy of lowering the barriers to entry to foreign trade. The nations of the world should begin by eliminating tariffs on all goods entering there nations, besides tariffs meant to protect vital sectors of there economies. Secondly, the nations of the world should make it easier for diplomatic discussions concerning trade and economic cooperation to occur.
We believe that, if the above mentioned actions are taken, then the worlds trade and economic well-being will only continue to grow.
Thank you for inviting my nation to this conference so that our voice could be heard.
Greetings to all the representatives of the nations gather here in Eroncourt,
we would like plaud the committment showed by the Prime Ministers of Valruzia and we would like express our fully agreement about the last topic dealt, about the importance of international trade, fully sharing how Valruzia see to the international trade, not only as a factor contributing to economy growth and prosperity for the nations of world, but also as a factor which can promote friendly relations, peace and stability. An increase in the free movement of goods, services but also of investments should be promoted, but, colleagues, how to shield those nations as well as private interests from possible unilateral decisions in this or that nation which could throw away months if not years of economic ralations and investments?
My nation would like suggest to think not only how to promote international trade but also how to shield those how decide to invest in international trade and economic cooperation, private as well as public ones.
Once Istalia tried to develop and put in place some measures to protect the freedom of investment and the investments themself in other countries (http://classic.particracy.net/viewtreat ... atyid=3647), aimed to shield those involved by destructive decisions adopted by foreign governments.
Off course this is just an example, but I talked about that because I think that what is important is that to promote international trade it is important to offer insurance and fair conditions.
And with this I would like to jump on the other topic dealt by the Valruzian Prime Minister: the expansion of the "tools" in the hand of the World Congress. Among these tools we could think to a sort of WC branch focused on the Trade, which could offer neutral and fair rules for the International Trade but most important fair and neutral tools to solve possible clashes between nations and nations, privates and nations and between privates and privates, although in this last case the local judicial authorities will be the ones to deal on this considering that such authorities should rely on laws in turn related to the mentioned fair rules.
Thank you
Users browsing this forum: No registered users and 21 guests