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‘Most significant environmental deal since Paris’: UN agrees on landmark plastic pollution treaty
Plastic pollution is a planetary crisis on par with climate change and biodiversity loss.
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The world’s first AI art gallery opens in Amsterdam
The world’s first AI art gallery opens in Amsterdam but has sparked controversy in the art world.
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One of a kind medical devices… and how EU funding makes them a reality
This week Business Planet travelled to Rome where an innovative young company Echolight has developed a new way to help Europe’s ageing population. …
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This freerunner scaled Sydney Opera House and the views are incredible
No one had been allowed to freerun around the Sydney Opera House before, but this parkour expert was given free rein.
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@johnmcentegart8537
April 27, 2024 at 3:37 pm
Eurasia Needs To Trade With Itself And Be More Proactive About Developing Internal Trade Relations Within Itself. The Americans Are Doing Their Best To Divide Eurasia For Their Own Trade Objectives. Selling Weapons As An Arms Dealer Particularly. Now What Does That Do For Your Productivity.
@LouielamsonTranNguyen
April 27, 2024 at 3:37 pm
Consequently, regardless the European Union trade agreement with Vietnam June 2019 is stuck in same traps, the U.S. trade deal with CCP China decades ago. And actually, the U.S. had trapped in trade abuse with CCP China in the past thirty years and lost trillions dollars, destruction economy growing as well as bankrupt American.
Moreover, the European Union (EU) signed a trade deal with Hanoi Regime (Communist Vietnam) past Sunday, there is big challenges for European union workers and European Manufactures, will face with joblessness unemployment in years to come.
Actually, never ending trade war-trade abuse created by CCP China and targets against the American business companies. Of course the Vietnamese communist regime got benefits from this crisis and take advantage, because the U.S leadership has failed to lead: They allowed unfair trade policy.
Surely, America's Free Trade Agenda are changing under the Trump Administration.
Definitely the Trade Policy of the Trump Administration is good for the National Association of Manufactures (NAM)' and American workers. However, cheap labor and shoddy products made in China and Vietnam has been pouring into the American market in the past two decades. Meanwhile, Vietnam today serves as a warehouse inventory so that China can take advantage of Vietnam's lower Trade Tariffs. And the America is a large piggy bank for who tried to take advantage in the past thirty years.
A) Accordingly, in 1995 the Clinton Administration Normalized diplomatic relations with communist Vietnam.
Since then, hundreds of billions of dollars from investors around the world have poured into Vietnam. That money helps the Tyranny Dictator communist regime in Hanoi to alive and in power.
Meanwhile, every year the Vietnamese Americans who live in the U.S. they also send money to Vietnam. The estimates are between $15-20 billion U.S dollars each year. That money is running out of the American wealth, to the delight of the Hanoi Regime.
Vietnam today exported product sale in the U.S. is estimated at $40 billion dollars a year, and increases every year. However, a question what percent of the products from Vietnam, exported to America are made in Vietnam or made in China.
Vietnam today is number one corruption and bribery in Asian. The corruption systems started from the high ranking of government in Hanoi, spreading throughout the province, district to officials, and in the small village. The culture corruption and bribery in Vietnam today is destruction and affecting, costs to the businesses and Vietnamese workers.
Today Vietnam’s communist party controls the labor class, setting workers up with beyond low pay. Meanwhile, the foreign companies like China,Taiwan, South Korea, Singapore.., Establish their manufacturing companies in Vietnam and control labor who have no voice. These businesses range from making clothing, shoes, agricultural products, seafood processing, etc…
Unfortunately, Vietnamese workers start work from 7:00 AM to 5:00 PM, six days a week, all for a low average pay about $80 dollars a month.
For example the Hai Phong shoe factories located in Duong Kinh District, which are owned by China and Taiwan have their workers make the shoes, which they only export to the U.S and U.K. These shoe brands can cost as high as $800 to $1,000 dollars in the U.S., while Vietnamese labor workers start with a measly average of about $ 80 dollars a month. These people have no such thing as workers’ rights, or control over their working conditions, or pay.
Finally, as long as China uses Vietnam as a 'warehouse for their inventory' it will continue to adversely affect America's economy. That will be a huge challenge for the Trump administration to overcome.
Notes:
1) The Vietnamese workers have no Independent Labor Unions, they only have the Vietnam communist party labor unions. If the Trump Administration follows in the footsteps of the past three administrations, and continue same trade deal policy with communist regime in Hanoi. The Americans continued to bogged and will not prevail.
2) Today, Hanoi Regime continues to increase the violence against the people by using terrorist tactics to target religious freedom, activists for human rights, free speech, social media and especially the Hmong people living in the highlands of central Vietnam.
@curryandapint4380
April 27, 2024 at 3:37 pm
One very good point that's never brought up is why the EU is actually BAD for trade and actually makes overseas poverty worse. much of Northern and Sub-saharan Africa’s poverty is driven by the fact that they cannot export their agricultural produce, because their prices are uncompetitive compared to their adjacent market in Europe.
The trouble is, the European farmers are subsidised by the European Commissions Common Agricultural Policy to the tune of 56 Billion Euros per annum…..
So not only are we pumping more money into rich European farmers than we collectively give to Africa, we are doing so at the direct expense of the Africans (who the EC doesn’t care about because they’re not member states).