Stopping Further VMK Export to Foreign Nation States ... stopping further VMK export to foreign nation states...
Te Whanganui a Tara, 29 May - Two-way trade between VMK AG and foreign importers totalled around the tens of trillions mark, according to Erika Halstenfortein, a prominent Professor of the Economics from the University of Halsten of the Kingdom of Lindblum, one of nineteen countries in Yohannes.
It was overall, however, in favour of overseas nation states, as Yohannes fell into trade deficit starting from the mid eighties because of VMK AG – meaning the nineteen countries import more than it exports to friendly foreign nation states because of outsourcing of countless number of manufacturing overseas; with no less than one thousand foreign headquartered companies supplying VMK end products, leading to loss of not just much needed taxes, but also capital, jobs, and assets that instead should be kept in Yohannes. Finance Minister Robert Scottish, speaking on behalf of the Governor of the Bank of Yohannes, has confirmed that ‘… the imbalance of trade was largely driven by VMK, where foreign nation states are benefiting in the trillions for heaps of the orders we fill, and we export yearly... that is not good, and is quite simply not acceptable, to be honest.”
Her Majesty's Government could therefore be forgiven for the realisation of the tabled resolution, 'VMK Domestic Act', which meant that any and all future commercial and industrial activities by thousands of companies, related with VMK, must be kept in the nineteen countries. For obvious reason, Chancellor Thorndon-Stevensonn, defended the act and assured foreign diplomats in Yohannes, that 'jobs and industries that are currently located overseas... related with VMK, will be kept as they are. Annual production contracted to governments already connected with VMK will also stay, meaning they will still receive VMK products. This limitation of total non-exportation and complete domestic activities are to be made into reality only after the date of the act. So no nation states already connected with VMK operations will be affected by this... admittedly very significant change. This will, however, stop further VMK export to foreign nation states.'
For 2013, Yohannes' VMK related trade activities logged a two-way trade deficit of 1.3 trillion Quertz russling to more than one hundred VMK supplier nation states, going up significantly from the previous year’s high of 1 trillion, with exports of composite materials and electronics relating to new aircraft manufacturing products and civilian shipbuilding again being the highest contributor of deficit. The last government to acquire a VMK export contract, with armaments to be delivered every year to that government, was Pherdistan. 'No new contracts of foreign nation states after Pherdistan will be filled', confirmed the Chancellor this morning in Royal Yohannes morning talkback radio.
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Bank of Yohannes has, meanwhile, balanced the deficit inflicted by VMK operations, continuing the trend seen since 1983 where VMK has continued to become a burden for the government, and the Bank of Yohannes, benefiting from investment towards VMK related operations in hundreds of foreign nation states overseas, acted as pillars of support for the overburdened, overworked arms manufacturing giant, balancing the trillions of loss of income caused by VMK multinational operations.
Published by The Imperial Herald