sharing in governance of extractive industries
As Xi Jinping argues for Globalization and its free trade aspect HERE, he argues for the proposed EAC-EU free trade pact (EPA) I also argued it is a blessing for both EU and EAC through the content shared below:
‘’The position of a Tanzanian academician and other Tanzanians HERE1 , HERE2 and HERE3 is very faulty and misleading due to the fact that a similar free trade pact between USA and Mexico has stimulated manufacturers to relocate from the USA and other countries (which are comparable with EU in the EAC-EU free trade pact) to the Mexico which is comparable with EAC in the EAC-EU free trade pact.
Simply because today’s global manufacturing is dominated by global manufacturers who would always relocate and/or expand production to other countries which have become the most profitable to manufacture in and deliver to targeted consumers in the world. That is the EAC-EU free trade pact is going to industrialize the EAC it makes the most profitable for the manufacturers operating in the EU and other countries for the markets of EAC and EU.
Moreover, the EAC-EU free trade pact is going to benefit Tanzania more than any other country in EAC because Tanzania is the East African most gifted with unexploited manufacturing potentials, and in terms of its geographical location which is the East African best fit for the raw materials of East, Central and South African Region based manufacturing for the African Region and export.
The earlier the better it is appreciated by all that globalization and free trade pacts between the low and high living standard nations are the main of the ways through which the gaps between them in terms of prosperity would be eradicated mainly through the gradual relocation of global manufacturing from the high living standard to the low living standard nations.
Detailed arguments I made in support of the EAC-EU free trade pact are accessible on the following link:
Critical views from the audience would be appreciated’’
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