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Thandiwe
Joined: Jan 21, 2004
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Country: Malawi
Province/State: Lilongwe
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Realistic
April 26, 2006 - 07:32 AM
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A couple of years ago the Eeropen Union came up with proposed Economic partnership Agreements (EPAs) with development countries. generally the are aimed at promoting gradual free trade between the EU and developing countries with the removal of charges on imports and opening up countries for developed to come and open businesses in poor countries like my own. This may look good on paper but the implication is that our poor contries will lose the money that they get from from charging taxes on imports and local industries will suffer because they can not compete with developed companies from abroad. These are just few of the implications. Can we share ideas on how the youth can be affected by the EPAs? O
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Moses Quinion Galabuzi
Joined: Apr 3, 2006
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Realistic
April 27, 2006 - 07:25 AM
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I Like your commentary, it shows how Africa's degree of awareness, service, and literacy is growing at a high pace.Keep it up Maddam.
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Osagie O.
Joined: May 22, 2006
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Re: Realistic
May 23, 2006 - 06:44 AM
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I know the same from my home countries, Nigeria on the one hand and Germany on the other, too: High taxes are one of the main methods to keep developing countries in their inferior economic position.
Industrial countries set high taxes on final products of developing countries and decrease the taxes for row materials. Then, by buying the cheap row materials from these countries, working on them and then selling them back as end products for a much higher price, they ensure a constant money-drift into their own economy. The problem is it is much easier to recognise than to change it.
You didn't mention explicitly whether or not the developed countries also lowered the taxes for end products of developing countries. If not, it wouldn't suprise me.
If I was a head of state I'd close all borders and give my people the chance and the need to start something themselves. I do not believe that the little money owned by the taxes is essentially important. Nigeria for instance so many petrol-dollars it should have been halfway developed by now. That is not the case, so a few millions more or less won't really change anything. It's the economy that needs support, not the government.
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