725 International financial and trading system (medium)

Among the representatives of various countries participating in the Warsaw talks, there was actually not a single one who could fully understand Datang's intentions. Pen × fun × Pavilion www. biquge。 But they all know one thing, if all future international trade is settled in Tang Yuan, it is obvious that Tang Yuan will have a transcendent position. They couldn't know exactly how this transcendent status would manifest, but they instinctively felt that something wasn't right.

However, almost all the delegates were unable to stop Datang from implementing such a financial system. France and Germany owe the Tang Dynasty huge foreign debts, and they already have a large number of trade transactions settled in Tang Yuan. If they were trading with other countries, the adoption of Tang Yuan trading would obviously make things simpler.

Britain was interested in maintaining its position as the pound, but it was not the nineteenth century, and the pound had not reached its peak with the sunset empire. Especially when Britain was trading with Datang, Datang had already refused to allow the British to pay in gold and pounds, and asked for the use of Tang Yuan. As long as Britain still wanted to obtain goods and technology from the Tang Dynasty, even not limited to the Tang Dynasty itself, even if it bought tea and silk from the Qing Kingdom, Britain could only use the Tang Yuan settlement.

If there is no Tang Yuan, either exchange gold for Tang Yuan, or borrow from the Tang Dynasty, in short, in the process of international trade, the pound is being expelled by the Tang people. Perhaps the British colonies could still trade in pounds, but what was left of the British colonies now? There are small islands like Jamaica in the Caribbean, a Gold Coast in West Africa, and then scattered Indian colonies and, at best, a mind-changing Canada.

The Tang Dynasty has a very strong economic influence, which will suppress other countries to adopt this new system, Britain wants to buy cotton from the United States, can only use Tang Yuan, wants to buy spices from the East Indies, can only use Tang Yuan, and so on, Britain has to face such a cruel fact.

Immediately afterwards, the tariffs and trade agreements announced by Chu Bai made all the delegates have a toothache. Datang advocates the establishment of a volatile international trade system, urging countries to provide general most-favored-nation treatment to other countries, carry out substantial tariff concessions, and reduce trade protection and import quantity control.

The most opposed to this agreement was, of course, the British, whose history was made up of bloody and barbaric plundering and shameless trade protection, and the accumulation of primitive capital. To what extent did the British even develop their own trade protection, severely restricting the import of goods from their colonies, such as India and Ireland, and allowing England to export goods only to these regions. When the British had completed the accumulation of primitive capital and the completion of industrialization to form a relative competitive advantage, they turned their heads and used gunboats to force others to open their markets and lower tariffs, and shouted about free trade.

It's just that at this time, Britain has obviously not yet developed to this stage, and their industrialization level is decades more advanced than the same period in history, but it also has one more competitor Datang, whose goods are dumped all over the world. It is impossible for the British to compete with the Tang Dynasty, so this trade protection must be carried out.

However, Chu Bai was not as eloquent on this issue as Datang used to be, and Chu Bai publicly said to the British representative: "If Britain refuses to sign the Tariff and Trade Agreement, then Datang will mobilize all signatories to list Britain and its colonies as illegal trade protection countries, and completely prohibit Britain from trading with countries that promote free trade." From now on, it is impossible for Britain to buy any equipment in Datang, not even a grain in France, and not even a single tea from the Qing Dynasty. If the UK's bad trade practices infringe on the interests of the member countries of the tariff agreement, then Datang does not rule out resorting to force to solve this problem. ”

This was the threat of Chi Guoguo, which made the faces of the British delegates blue and red, and even the representatives of other countries looked at the British in a joke posture. Even the nominal allies of the British, the Austrians and the Russians, did not stand up to speak for the British.

The defeat in the European War made any sane European country see the gap with Datang. In order to catch up as soon as possible, every country spares no effort. Datang has privately approached representatives of each country, and if they accept the international financial and trade system promoted by Datang, then Datang will open up a series of benefits to them.

For example, Austria and Russia can get an extension and interest rate cut on reparations, as well as the export and transfer of a variety of industrial technologies, and Datang will open more places for European countries to study in Datang, of course, at their own expense.

The British know very well that as long as they are really excluded from the system dominated by Datang, and Datang resolutely upholds this system, the British will be completely closed and isolated from themselves. Other European countries are rapidly absorbing the technology and experience of the Tang Dynasty and developing rapidly, but Britain obviously will not have this condition, so it will be even more backward, not to mention the status of European powers in the long run, and will even be harassed and invaded by powerful European neighbors.

Fortunately, Datang does not have a mandatory requirement in the tariff agreement to reduce the tariff to zero in one go. The tariff agreement will provide a roadmap for gradual tariff reduction, which will be implemented step by step. However, Britain itself has unreasonably high tariffs, and even if the tariffs on some goods are reduced to 10 to 20 percent, Britain will face a huge dilemma. For commodities that are completely prohibited from being imported and exported, Datang proposes to use the system of import and export quotas to liberalize the import and export of some products.

It is almost certain that once the UK does implement the tariff agreement, the British government's tariff revenue will not only not decrease, but will increase significantly, but a large number of businessmen will go bankrupt in the UK, and a number of local factories will also face closure. However, those who survive this wave will be excellent enterprises and chambers of commerce with competitiveness and strong capital.

As soon as this opening is opened, the British market is equivalent to opening up to Datang goods. What was played out before France will be repeated in England. From Datang daily chemicals, to industrial products such as automobiles and ships, and more terrifyingly, Datang textiles, ready-to-wear, and daily consumables such as tea and sugar, the British economy will enter a new era. The British people will obviously benefit from this wave of market opening, and will be able to buy cheaper and better quality goods. (To be continued.) )