International Banking Summit

[Erich Honecker]

[i]"And perhaps.."[/i] Erich with his mouth fool, takes a gulp of his coffee, [i]"Excuse me. Perhaps our Trade Federation should then be initially focused on the minor economic powers of the world after which, eventually, I assume most if not all legitimate & respected national entities would participate. This inevitability could never be forced upon men, but rather adopted by them only after they see for themselves that they are engulfed in a backwards system to which this is a modern & progressive innovation of mindset & economic processes."[/i]

Mr. Honecker contemplated a bit as he stirred his coffee

[i]"Clearly, this an endeavor worth undertaking; a vision that means everything to the progress of our modern world. If there be a cost involved I.G. BekampfenIndustrie would certainly commit to investment & prepared to endure a serious profit loss in service to this... breakthrough to put it lightly."[/i]

Erich rubbed his chin as he organized the ideas in the room in his mind. Putting to use the very genius that paved the way for all the success in his life as well as for the people around him. Undoubtedly he was an intelligent, as his colleges would put it, with a genuine passion to better the world.

[i]"Here is what we have thus far;
Drawing heavily, if you do not mind, from the brilliant discussions of two men in particular: Mr. Hock & Sir Franklin.

Beginning with What would be done-I believe it would make perfect sense, if I may quote Hock that,[/i] [b]'the organization should take little steps at a time, not one big ones'[/b] [i]& that our initial actions should be focused towards[/i] [b]'creating, agreeing on common international laws regarding competition, and then enforcing the laws together...laws regarding monopolies, price-fixing, fraud, money laundering, tax evasions; anything that regards to competition and finance. Once we have a large enough membership, we may then take additional steps.'[/b]

[i]Continuing with what would be done, I again quote Hock when I say we should,[/i] [b]'create a subcommittee, preferably appointing financial lawyers, anyone that knows their country's business and financial laws very well. The subcommittee would then receive lists of all of the participating countries' laws. From there, they would debate and agree on what laws would be recognized as international laws. When they complete the list of proposed laws, it will be submitted to the main committee and it will debate, revise, and then vote on the list.'[/b] [i]Of course! And as Sir Franklin stated,[/i] [b]'member states could meet once or twice a year and set policy/prices for goods/economic law and theory and then go about their merry way after conducting business.'[/b]"

Erich offers a nod to the two men, clearly fascinated with the products of the discussion at hand. He could not think of a better sight than to see great minds at work together.

[i]"Moving onto the How. Hock pointed out an issue being member countries who do not assist in enforcing the common international economical laws of the Trade Federation. That perhaps we would[/i] [b]'declare such member as an "Observant" with a majority vote, therefore barring that country from the organization's debate and voting sessions until it agrees to enforce the laws. Maybe toss in economic sanctions if the member becomes offensive enough, and eventually expulsion if the offending member keeps up its poor behavior.'[/b]

[i]Also, Sir Franklin has a magnificent grasp of the democracy of the matter & the truth that power is derived from the people- in this case, Member Nations to achieve really anything, but so much more than we could before. I am happy that Sir Franklin noted it & I quote that,[/i] [b]'each member nation has a voice in the rules meaning that choosing not to participate in something THEY built and incurring penalties for doing so seems counter-intuitive.'[/b]

[AironthFlamewing]

We are in agreement then, the one question remains who drafts the documents, I could have my own countrymen do it, although we may not be the most experienced in matters such as this.

[Zoot Zoot]

Great Britain has yet to voice its opinion on the matter.
We have sat and listened to all suggestions.

Great Britain approves of everything said, but one thing we are not very clear on is this.
Will there be a penality for Nations in this Trade Federation, with already existing trade agreements?, if so would a Nation need to abandon its trade agreements in order to join this federation.

[AironthFlamewing]

Chadwick started and then turned to face the Englishman, To the English Representative I say this Sir, No damage will be done to your preexisting trade pacts with other nations, they will exist as they always have existed.

[Erich Honecker]

[i] "Let's draw up a rough copy of a charter or something to that liking, but discussions should be allowed to continue & even changes made as everyone voices their thoughts. I assume trade agreements would eventually end as the Trade Federation should replace them, but this would be up to the representatives. Also, I offer to sit as Viceroy & financially back the federation where investment may be needed."[/i]

[Zoot Zoot]

Whilst we do not object your offering to be viceroy, Great Britain must insist on being the financial backing of this organisation.
With international trade links and a strong economic backbone, we are the Nation who will suffer the least if this Federation collapses.

[Erich Honecker]

[i]"Certainly we may have more than one financial backer. I only offered to carry the brunt of the costs through
I.G. BekampfenIndustrie, but if England would see it covered alone that is perfectly fine."[/i]

[AironthFlamewing]

Herr Honecker, I have a few suggestions and comments, first, that the Federation would not per say replace trade agreements however the trade agreements would be done THROUGH the Federation leaving lots of opportunity for anyone out there to find what they need on the market. Further on the matter of the charter, I see no issue with you sitting as Viceroy however I must insist that international headquarters of the organization be stationed in my nation. Call it a vain man's hope to get something to remember himself by if you will.

Further, we should have as many backers as possible, which would increase capital available to be used by the Federation's nations.

Edited January 15, 2011 by graniteknight

[Zoot Zoot]

Great Britain will cover the costs in its entirity, we believe that if this is successful, it stands to benefit Great Britain. Our own economic laws and systems would ensure an economic success in this capacity.

[Erich Honecker]

[i] "Your suggestions, Sir Franklin are right on target in regards to financing & trade agreements. Also, I have no problem with headquarters placement.


Also,
I foresee a more unified trade fleet of member nations involved; as in, ships of trade & business of each nation should be grouped under the united merchant fleet of the Trade Federation probably the largest mobilized commercial naval entity in the world.

Still several issues remain, that simply need clearing up.

In regards to military involvement, I foresee none. Business & trade should be conducted without the use of armed force & it should be the responsibility of the organization to ensure that no national military support or challenge one economic policy over another- all nations must be represented fairly & no one should be allowed to usurp the power of all. With that being said, the Trade Federation's jurisdiction will never reach national militaries & standing armies, nor should national militaries involve themselves with the Trade Federation.

I do suggest discussions on trade route security, defense of the Merchant Fleet; the possibility of the militarization of the fleet for security from rampant pirating, sea monsters & similar threats of the open seas."[/i]

[HHAYD]

[quote name='graniteknight' timestamp='1295109384' post='2576081']
Herr Honecker, I have a few suggestions and comments, first, that the Federation would not per say replace trade agreements however the trade agreements would be done THROUGH the Federation leaving lots of opportunity for anyone out there to find what they need on the market. Further on the matter of the charter, I see no issue with you sitting as Viceroy however I must insist that international headquarters of the organization be stationed in my nation. Call it a vain man's hope to get something to remember himself by if you will.

Further, we should have as many backers as possible, which would increase capital available to be used by the Federation's nations.
[/quote]
"I don't think we have enough total GDP and trust to lend money to each other. I'd say we help each other enforce the laws and then lend each other money when a few more major economical powers join the Trade Federation.

As for the HQ's location, it should stay in a stable, neutral country."

Edited January 15, 2011 by HHAYD

[AironthFlamewing]

In essence, flying the Trade Federation flag would allow ships to cut cost, no longer would they have to plan multiple routes of multiple cargoes over to one nation using many ships which is expensive, rather use the fleet at hand and part of the Charter could be to allow the trade fleet into any member port No?

[Erich Honecker]

[i]"Let me say that if I.G. BekampfenIndustrie was accepted as a financier of the Trade Federation, investment would be granted not in the form of loans. Repayment is not requested nor expected, this in total service to the good of this endeavor. Again, I agree with Sir Franklin, let there be one merchant fleet under one flag."[/i]

Edited January 15, 2011 by Erich Honecker

[Zoot Zoot]

Your assuming Britain wouldnt extend the same policy?
If this trade federation is a success, the profits made would far surpass the money placed into the projct, so we would have no need to ask for repayment, as a vast surpluss would be made from the routes themselves.

As for militarisation, The Royal Navy can commit four Corvettes and two submarines to the security details.

[AironthFlamewing]

As stated previously Herr Honecker, multiple backers would always be acceptable

[Erich Honecker]

[quote name='Zoot Zoot' timestamp='1295110356' post='2576103']
Your assuming Britain wouldnt extend the same policy?
If this trade federation is a success, the profits made would far surpass the money placed into the project, so we would have no need to ask for repayment, as a vast surpluss would be made from the routes themselves.

As for militarisation, The Royal Navy can commit four Corvettes and two submarines to the security details.
[/quote]
[i]
"No, no not at all. I was clearing the issue up for Mr. Hock whom shared concern for possible inability to repay financiers."[/i]

[Zoot Zoot]

"Apologies, anyway like I said, Great Britain is willing to fund this entire endeavor, aswell as provide adequate security coverage for the convoys.
The fleets should sail under one flag, however, if the Royal Navy is to provide escort, they shall fly the Royal Navies ensign, aswell as the Trade Federation. Still military vessels on active duty.
Britain also has quite strict economic policies, for example;

*A standard fee will be charged to enter England.
*Tax on imports has been increased 2.5%
*The Banks are owned and run by the state."

[Erich Honecker]

[i]"Let's draw up a charter yes? Is anyone good at that? I say we include:

All nations are to be equally & fairly represented

Representatives will make the policy of the Global economy

Unified merchant & trade shipping will make up the Fleet of the Trade Federation under its flag that would allow ships to cut cost, using the fleet at hand and part of the Charter could be to allow the trade fleet into any member port (Sir Franklin) Now, England brought up an interesting point that I'm glad came up. Military escorts & similar assets not directly associated with the Trade Federation will not use the TF flag (whatever that may be)

Power & authority of the Trade Federation is derived ONLY from its members, this excluding outside entities & also financiers

Nations must be represented & present to take part in discussions & the decision process.

Now, I am sure there are many more points to be hit, but here are afew. Also, would England be willing to wave & soften its policies towards fellow TF member states?"[/i]

Edited January 15, 2011 by Erich Honecker

[AironthFlamewing]

Would you not be willing to relax your trade policies for the betterment of your nation's people and the people of the Federation as a whole? With less restrictions on goods and funds flowing into your nation for example the Federation could help your nation rebuild from the nuclear holocausts hat it has recently suffered.

[king of cochin]

Dr. Syed Sharafudeen's executive jet was delayed by a massive storm in the Pacific Ocean and thus he found himself one of the last to enter into what seemed to be a healthy and lively debate. Not knowing whether any place is reserved since the Ministry had not informed committing the Kingdom's presence, Dr. Sharafudeen sat by some journalists and perused the transcripts of the notes for a while.

After reading for some minutes, and thinking about it he rose up and asked, "Excuse me, I am the representative from Kingdom of Cochin. I have gone through the transcripts of the discussion so far and basically have a few simple questions to ask - What is the advantage for Kingdom of Cochin by participating in this endeavor. What changes would we have to make in our existing trade relationships and Economical setup?"

[AironthFlamewing]

What benefits you receive Dr. Sharafudeen include the ability to provide a healthy access way to new trade routes as of yet unexplored by your nation, Imagine expanding your global influence(through the Federation) by trading in places like Africa and New Zealand. Imagine the prosperity for your people as money comes flowing in through the works of the Federation. As it regards your financial policies if you would please dictate them to us as the English have done we would be able to formulate a response.

[Zoot Zoot]

Stop referring to us as England please, we are Great Britain.
Now back on topic, yes we are willing to lower tariffs to Federation members, but we dont need help rebuilding from the nuclear attacks. It would cost too much, and too many lives would be lost in the process. London is an abadoned city and it will remain so until we decide what to do with it.

Most of the profit made would go towards increasing Britains industrial output.

[king of cochin]

"The Kingdom of Cochin already has trade relations with several nations. Is this a forum through which trade can further be promoted? Would this organization be like a special market where in trade contracts could be published? Our trade relations with national economies are either free trade agreements or preferential trade agreements. Our major exports are through open bidding in various contracts. Similarly we too conduct open bids for our internal commercial contracts. We basically follow a reciprocating trade model by which we encourage nations to expand their market reach within Cochin economy in the same measure as we are permitted access. We have a policy of promoting greater international competition within our domestic markets so that robustness of our economy is maintained, while also maintaining a strict over watch through our regulatory body, the State Bank of Tripunithura which is the purveyor of National Treasury as well as the biggest lender in the state. We enforce protectionism in only a few core industries like defense and defense related technologies.

As regards our trade laws we have a very strict policy regarding incoming and outgoing of trade vessels in that they need to be certified by a resident Diplomatic Official of Cochin Embassy that there are no unauthorized weaponry or nuclear contraband that could be brought into Cochin waters or airspace. These are our principal policy features. How would cooperation with this organization affect these policies of ours?" Dr. Syed Sharafudeen asked.

[Erich Honecker]

[i] "Perhaps the Trade Federation could adopt similar policies & trade laws regarding incoming and outgoing trade vessels. Trade Federation vessels should all be certified that no unauthorized weaponry or nuclear contraband that could be brought into member states' waters & airspace. Also, your national policies regarding trade & the like can all be brought to the table as should be done similarly by all members. Remember this is to be a democracy, I will not be dictating any of this."[/i]

[HHAYD]

[quote name='graniteknight' timestamp='1295109978' post='2576093']
In essence, flying the Trade Federation flag would allow ships to cut cost, no longer would they have to plan multiple routes of multiple cargoes over to one nation using many ships which is expensive, rather use the fleet at hand and part of the Charter could be to allow the trade fleet into any member port No?
[/quote]
"We don't need a Trade Federation flag for our ships. Members should be able recognize other members' flags. Nor do we need a Trade Federation fleet, businesses should be the ones managing their cargo transports. However, if international shipping is threatened, then members can send in patrol ships to protect the transport ships."

[quote name='king of cochin' timestamp='1295113206' post='2576141']
"The Kingdom of Cochin already has trade relations with several nations. Is this a forum through which trade can further be promoted? Would this organization be like a special market where in trade contracts could be published? Our trade relations with national economies are either free trade agreements or preferential trade agreements. Our major exports are through open bidding in various contracts. Similarly we too conduct open bids for our internal commercial contracts. We basically follow a reciprocating trade model by which we encourage nations to expand their market reach within Cochin economy in the same measure as we are permitted access. We have a policy of promoting greater international competition within our domestic markets so that robustness of our economy is maintained, while also maintaining a strict over watch through our regulatory body, the State Bank of Tripunithura which is the purveyor of National Treasury as well as the biggest lender in the state. We enforce protectionism in only a few core industries like defense and defense related technologies.

As regards our trade laws we have a very strict policy regarding incoming and outgoing of trade vessels in that they need to be certified by a resident Diplomatic Official of Cochin Embassy that there are no unauthorized weaponry or nuclear contraband that could be brought into Cochin waters or airspace. These are our principal policy features. How would cooperation with this organization affect these policies of ours?" Dr. Syed Sharafudeen asked.
[/quote]
"The Trade Federation ensures an unified enforcement on common international economical laws. That way, rogue businesses that conduct price-fixing, monopolies, tax evasion, and other illegal acts that can threaten healthy competition can be prosecuted more efficiently. Instead of stumbling over differences between laws when trying to prosecute international businesses, members can investigate such businesses easier without an army of lawyers. It also allows members to be able to easily assist in other countries' domestic business investigations."

Edited January 15, 2011 by HHAYD