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"It is better to be drunk with loss and to beat the ground, than to let the deeper things gradually escape."

- I. Compton-Burnett, letter to Francis King (1969)

"Cynical realism – it is the intelligent man’s best excuse for doing nothing in an intolerable situation."

- Aldous Huxley, "Time Must Have a Stop"

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Friday, 19 December 2003

Topic: The Economy

Free Trade: How Airplanes Get Purchased

In today's issue Le Figaro looks at the issue of shrimps for Airbuses...

France wants to sell Airbuses to Thailand but Thailand wants to sell its shrimps to Europe.

Prime minister Thaksin Shinawatra says Thailand will buy Boeings from America unless the French authorities lobby Brussels to ensure that Thai shrimps are given a better chance in Europe.

An anomaly in trade rules means Thai shrimps face a twelve percent import levy in Europe whereas shrimps from Malaysia can be sold to Europe at only a four percent customs charge.

Bring our shrimps into line with Malaysia's, say the Thais, or we'll buy Boeings.

Boeing is in a bit of a slump. They've got a new plane, but no one much wants that new 7E7 "Dreamliner" thing. This could help.

The article is only available for a fee on the net.

La Tha?lande veut faire voler les crevettes
V?ziane de Vezins, le Fiagro, 19 d?cembre 2003

Am?rique, par exemple et au hasard. Bangkok commandera des escadrilles de Boeing aux Etats-Unis qui, eux, se feront un plaisir d'accueillir ? des tarifs pr?f?rentiels les nu?es de...

As for Saturday's issue, you don't even want to know about this one:

Enqu?te sur l'affaire Halliburton
Eric Decouty, le Fiagro, 20 d?cembre 2003

Pour la premi?re fois en France, une information judiciaire a ?t? ouverte pour ?corruption d'agent public ?tranger?. Elle vise notamment la soci?t? fran?aise Technip et l'am?ricaine Halliburton associ?es dans une op?ration au Nigeria. Une telle enqu?te internationale est possible depuis l'adoption en 1997 de la convention de l'OCDE ?sur la lutte contre la corruption d'agents publics ?trangers dans les n?gociations commerciales?, entr?e en vigueur en droit fran?ais depuis 2000. C'est donc dans ce nouveau cadre juridique que le juge Renaud Van Ruymbeke m?ne ses investigations et que le parquet de Paris envisage la mise en cause de l'actuel vice-pr?sident de Etats-Unis, Richard Cheney, en sa qualit? d'ex-PDG de Halliburton... .

You get the idea.

Posted by Alan at 20:35 PST | Post Comment | Permalink
Updated: Friday, 19 December 2003 20:59 PST home

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