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EU Goods in Foreingn Markets
Topic Started: May 12 2015, 07:41 AM (223 Views)
Litos
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Itō Hirobumi
Reinhard Silberberg
EU Representative

Germany would like to bring to the attention of the members here the competitive advantage EU goods have the potential to have in foreign markets which are either of low quality and high production with low costs, or of low production but high costs and quality. In both these market,s Europeans have the chance to shine but our goods are overshadowed in places like China by Americans, who have more judiciously negotiated trade deals. Let us remember that Bessemer Steel in the United States was outcompeted by our companies here in Europe.

We propose parts of the European budget from our least efficient programs, say the CAP, are brought instead to industrial modernization by loans to companies applying to reduce their costs to the lowest possible average costs, increasing efficiency. Meanwhile, we ask that all delegates work on negotiating trade deals with China, the USA beyond ITTP, and Canada.
Edited by Litos, May 15 2015, 06:15 PM.
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Sadar
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Transferring 3bn from the CAP is a possibility that we support aswell, indeed. However, we would like then the EIF to focus at least 500mn / annum on startups support / financing accros the primary sector.
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winisle
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The United Kingdom supports the transfer of funds from CAP to this venture.
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Litos
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Itō Hirobumi
We too would support that amendment.
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Sadar
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The EU Adopts the following changes to the EIF:

Quote:
 
a. Increases funding by 200% to a total authorised capital of EUR 15,000,000,000. Increase of fund will come from shift of funds from the CAP programme on the institutional side, and voluntary contribution on the 49% private funding side.
-a.1: Structure of fund voting rights: EIB 38%, EC 13%, private financial institutions 49%.
b. Contributes 30 million euros per annum to develop entrepreneurship education in countries with the least entrepreneurial activity, balancing the scales and making EIF membership charge fair.
c. Lends money / invests in SME / start-ups at beneficial rates to the extent of its liquidity capacity, being granted the correspondent ownership on the company it lends money to / capitalises, respecting its liquidity ratios for a AAA-rated fund.
i) Seeks two objectives: 1. Reduction in WACC in companies it funds. 2. Start up of new businesses with new methods
d. Creates a sub-fund of 500mn specially aimed for start-ups in the primary sector.
Edited by Sadar, May 25 2015, 04:30 AM.
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Sadar
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France votes AYE
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Litos
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Itō Hirobumi
Germany votes AYE
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winisle
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The United Kingdom votes AYE
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Jos1311
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Head Admin
French parliament has voted against the transfer of CAP funding towards this initiative. Another solution will have to be found.
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