Re: Pontesian Enquirer
Posted: Fri Mar 29, 2019 1:09 pm
Progress In Foreign Trade and Banking Sector
June 4552
The Chairman of the Council of Magisters, Hayk Valerian Gorinius has announced that his personal Department, Foreign Affairs has concluded twenty new free trade deals in the past three years. Gorinius said the country now had free trade access to markets on each continent and is fast developing into a so-called "re-exporting' hub. Goods imported from free trade partners are being re-exported to countries which have no free trade or low tariff agreements with the original exporter nation. Gorinius said that he hoped to see the country's export earnings double over the next decade - a not too ambitious target as the country's strong economic growth appears likely to support that.
Special effort has also been applied to the country's financial sector, with the recent passing of Banking Confidentiality Act The Act outlaws any violation of confidentiality - a very welcome law for the billions in money of mostly dodgy origin, flooding into the ultra low tax country. It has also been speculated that the Council of Magisters have declared permanent neutrality to take advantage of the high tensions in Terra and receive ever more deposits from other countries if these tensions escalated to outright warfare.
June 4552
The Chairman of the Council of Magisters, Hayk Valerian Gorinius has announced that his personal Department, Foreign Affairs has concluded twenty new free trade deals in the past three years. Gorinius said the country now had free trade access to markets on each continent and is fast developing into a so-called "re-exporting' hub. Goods imported from free trade partners are being re-exported to countries which have no free trade or low tariff agreements with the original exporter nation. Gorinius said that he hoped to see the country's export earnings double over the next decade - a not too ambitious target as the country's strong economic growth appears likely to support that.
Special effort has also been applied to the country's financial sector, with the recent passing of Banking Confidentiality Act The Act outlaws any violation of confidentiality - a very welcome law for the billions in money of mostly dodgy origin, flooding into the ultra low tax country. It has also been speculated that the Council of Magisters have declared permanent neutrality to take advantage of the high tensions in Terra and receive ever more deposits from other countries if these tensions escalated to outright warfare.