I watched Rachel last night, running down the list of tariff sanctions, many of them are not nations, but Islands. The person who drew up that list is not an idiot (never underestimate the enemy)
It came to mind that nations beat international law and sanctions by using vessels chartered under other nations. For instance In terms of the n…
I watched Rachel last night, running down the list of tariff sanctions, many of them are not nations, but Islands. The person who drew up that list is not an idiot (never underestimate the enemy)
It came to mind that nations beat international law and sanctions by using vessels chartered under other nations. For instance In terms of the number of ships registered, Panama currently holds the title for the largest ship registry, followed by Liberia and the Marshall Islands.
So to beat tariffs, which are assessed at port of entry, a country need do no more than have their product registered aboard a Panamaian registered ship, as coming from the Heard or McDonalds islands.
Notice that the Falklands, population 2,330 and produces nothng except guano and fish has a tariff of 41% The Falkland Islands are a self-governing British Overseas Territory, with the UK responsible for foreign affairs and defense, while the islands have full internal self-government.
However Britain has only a 10% tariff and 25% on cars, steel and aluminum.
Why 41% on a self governing island that has no exports? Because it is a perfect place to use as a transhipment place,on paper, slap on a made in Falklands label on the bill of lading and voila.
I watched Rachel last night, running down the list of tariff sanctions, many of them are not nations, but Islands. The person who drew up that list is not an idiot (never underestimate the enemy)
It came to mind that nations beat international law and sanctions by using vessels chartered under other nations. For instance In terms of the number of ships registered, Panama currently holds the title for the largest ship registry, followed by Liberia and the Marshall Islands.
So to beat tariffs, which are assessed at port of entry, a country need do no more than have their product registered aboard a Panamaian registered ship, as coming from the Heard or McDonalds islands.
Notice that the Falklands, population 2,330 and produces nothng except guano and fish has a tariff of 41% The Falkland Islands are a self-governing British Overseas Territory, with the UK responsible for foreign affairs and defense, while the islands have full internal self-government.
However Britain has only a 10% tariff and 25% on cars, steel and aluminum.
Why 41% on a self governing island that has no exports? Because it is a perfect place to use as a transhipment place,on paper, slap on a made in Falklands label on the bill of lading and voila.