NationStates Jolt Archive

The Khailfah al Muslimeen government has send out word to the Azazian Government on the matter of opening more close relations between the KLM and Azazia on the matters of trade and relations in general.

Location: In Istanbul, the Seat of Government of the Khailfah al Muslimeen ,at the Foreign Ministry Building


Foreign Minister Farhri Koruturk (http://img.photobucket.com/albums/v504/Ottoman01/mishkin1.jpg) and Minister of Industries and Trade-Dr.Frederick Luther (http://img.photobucket.com/albums/v504/Ottoman01/lionel1_full.jpg) were sitting in the main conference room of the Building, awaiting for their Azazian counterparts to come , so they can start the meeting.

bump for Azazia

Istanbul, Khailfah al Muslimeen

The halls of the Foreign Ministry Building resounded with the sharp clicks of stiletto heels and the muted, muffled rustling of jackets and blazers as several bodies moved towards the conference room at the end of the hall. Leading the group, a petite brunette in a knee-length black skirt that matched her jacket and contemplated nicely the sheen of her dark blue blouse while behind her followed another younger person though he was slightly taller his demeanor and position amongst the group signified a rank lower than that of the woman.

As the group entered the room, the two individuals in the lead continued walking towards the centre of the room while their entourage spread about the periphery with notebooks and pens in hand. The woman walked up to the man her briefings had identified as Farhi Koruturk and she extended her hand. Mr. Minister, on the behalf of His Majesty’s Government I would like to thank you for this opportunity to visit your fine country and to oversee the improvement in the relations between our two great nations. To my right, I don’t believe you’ve met him yet, Rodney Beckett, Secretary of State for Trade and Industry.

With a bright smile, the man offered his own hand to Koruturk. An honour, sir. And my colleague Ms. Deveraux is quite right – I would like to thank you for this opportunity to visit your fair country.

Deveraux turned with a slight nod to face Dr. Luther, and I don’t believe we have met before Dr. I am Emily Deveraux, Secretary of State for Foreign Affairs. It’s a distinct honour, sir.

Foreign Minister Farhri Koruturk shake the hands of both the Azazian Ministers and so did Minister of Industries and Trade-Dr.Frederick Luther like wise and Dr.Luther spoke to Secretary of State for Foreign Affairs Emily Deveraux in perfect British English

“The Pleasure is all my secretary, I am Dr.Frederick Luther, Minister of Industries and Trade.” Said Dr.Luther, it was little known fact that in the KLM education standards requires all students to learn British English or any another European language while in High School and higher.

Then Foreign Minister Koruturk request that everyone take a seat.

“On the behalf of the Sultan Government, we thank for you nation for meeting with us on the topic of trade relations between our two respected nations, we open any investments that your nation offers within limits set forward by the currents polices of the KLM Government.” Said Foreign Minister Farhir Koruturk

“Yes, as my colleague has stated, our nation is willing to allow foreign investments in our economy within limits such as most of the Heavy industries of the KLM are semi state own, yet run under Joint Stock Companies such as our oil company and mining companies, therefore most of our Joint Stock Companies are mostly off limits outside investors, since they are mostly public companies anyways. As for light industries, we will allow outside investments in those sections of the economy for KLM.” Explained Minister of Industries and Trade-Dr.Frederick Luther

Beckett smiled as he leaned in around the table, gently resting his elbows upon the hard edge. It’s a very interesting position you place us in – as traditionally the United Kingdom prefers unfettered access to markets. Ultimately, however, the decision to invest will be made by the UK markets and I assure you that gaining access to KLM oil supplies will likely drive significant outlays of private capital into your oil company as well as those companies providing related services in maintaining the oil infrastructure.

There do remain, though, some concerns that businesses would like me to address. First among them are the policies of KLM regarding the potential nationalization of foreign firms with real assets based in your nation. Given the partial nationalization of the oil and mining firms, as you’ve already mentioned, Dr. Luther, many UK businesses fear the potential that should the economic situation warrant government takeover of an industry or company, what steps and/or measures would be taken by your government against foreign investors?

Dr. Luther thought for a moment before replying and then he reply
“ The standing policy of the KLM government on foreign investments is design to prevent the total takeover of our economic by foreign companies. If the situation would warrant a government take over of foreign assets in our nation, the state only temporary seize them for a short time and then resell them to local companies. Yet I highly doubt such situations would arise in the future.. Its mainly designed as failed safe within our system to protect our nation economy from being control by foreign interested. Yet my good sir, the Imperial Government has never been force to do such a thing in the history of the KLM. We have currently 100 billions diners in investments currently in our nation from nations. So I reassure your investors that KLM government would seize their assets unless it’s a matter of stability of the state.”

Then he pause for a moment and start talking again

“ As the gaining access to the KLM oil industry is run by the one joint stock company known as the Al Muslimeen Joint Stock Oil Company, its major public company, and its profits help fun the KLM governments and its social security programs and its gives an, monthly check of 10,000 dinars to its public stock holders in KLM, roughly all joint stock companies are invested by the people of KLM and they get their shares of the profits. But recently the KLM central investments joint company commission has allow foreign investments in these companies, they buy up to 10 percent of the non voting shares in the company, current for the Oil company, there is 4 percent of the shares are up for sell, would you nation investors be interest in buying them.?” Asked Dr.Luther

Beckett nodded slowly, Indeed, I think that UK investors would be more than happy at the opportunity to purchase even just 4% of Joint Stock Oil Company’s shares. The fact remains that for the next few years, until our own recently acquired colonies begin to produce oil and gas at their optimum levels the United Kingdom will be an oil importer and it seems as if there is no better partner for the UK than that of the Joint Stock Oil Company.

As for UK development of light industry in KLM, we would need to seek some sort of understanding on tariffs and duties imposed upon both real consumer goods as well as the intangible services and products. The United Kingdom is now driven, by all intents and purposes, a knowledge-based economy that thrives on the realization of knowledge and ideas as commodities to be bought and sold and in order to better reassure our private investors over any concerns we would also need to work out details relating to intellectual property agreements between our two nations.

Dr.Luther listen with great interested and reply

“As for duties and tariffs. the Khailfah government doesn’t maintain duties or tariffs on imports on most consumer goods…also our nation will agree to enter a intellectual property agreements with your nation. Just name the terms.”

Then Dr.Luther PDA ring and he check his message from the Office of the Sultan, it state that a act of Parliament have been passed by the Parliament, House of Viziers ,Imperial Senate and the Sultan has sign it into effect. It state that the Imperial Government will allow from now joint ventures with foreign nations as long the venture is 50/50.

“Well I being news , my nation government has recently just change its hard line stance on the oil industries, we will now allow foreign investment in our oil industries from foreign nations, that we grant the right to invested in our nation. As the foreign company agrees to do a joint venture with the Al Muslimeen Joint Stock Oil Company, so 50/50 deal on that matter. This is good change in our policy in my opinion and good news for your investors.” Said Dr. Luther