A Corporate Tax dodge taking hold out there and its depriving the developing world of much needed money and well take you to thailand one of the Worlds Largest Sugar Producers and export has but much of this sweet stuff shouldnt be here right now and thats not good news for the farmers. It all began as these things do with one very specific grievance in this case chillin students protesting about a hike in train fares now its mushroomed into weeks of protests about an economy that song the slide after years of doing comparatively well against its neighbors. But chile is story goes back further than that under the dictatorship of right Wing Military dictator Augusto Pinochet it was a test bed for unfettered free Market Economics or what we would call neo liberalism the experiment in the 1970 s. It was continued by democratic governments from 1990 to the present day and while under pinochet it was a failure post dictatorship the economy has performed better than its neighbors. So lets do
A 3000000000. 00 hit for its earnings for the whole of 2019 years of the 40 day strike which ended last week after Union Members of greed to a new 4 year pay and benefits deal. Sugarcane farmers in parts of asia are struggling because of an oversupply that sent prices to their lowest levels in 6 years some of the Worlds Largest producers have huge stockpiles including in thailand where the new harvest is about to begin to hay reports. This factory in northeast thailand isnt supposed to be operating at the moment its usually a time to prepare for the new harvest it should be cane to arrive from farms around the province of tiny instead its still processing and bagging last seasons product which for now isnt going any further than the storage sheds which are becoming increasingly full right now is that. Because that everything is throw just wait and see last season thailand produced more sugar than ever contributing to a global surplus and helping the price to plummet it has a stockpile
Becoming increasingly full right now is that yeah because everything is throw. Just wait and see last season thailand produced more sugar than ever contributing to a global surplus and helping the price to plummet it has a stockpile of around 7000000. 00 tonnes over a 1000000 more than it had at the same time last year another reason there is so much excess at the moment is because historically a lot of time and indian sugar has been smuggled into china but this year chinese authorities have cracked down on their illegal process to try to protect their own sugar industry. Exports from thailand are also being affected by the strength of the thai baht which has been asias best performing currency this year its farmers who are hurting the most costs are going up while the income falls through the law. Yes im worried about the Small Farmers if the price keeps dropping im afraid that people will give up if we dont see any signs of improvement in a few years it will be bad the oversupply and
Welcome. Thank you to everyone joining us in person and online for this important discussion about Central America. I want to thank our speakers for being here. I know you are in gravely busy. Thank you for being here. I want to start we have molly mccoy he here, and we were just discussing with you, we typically dont include the department of labor, and im so glad you are here with us today. Wally is the associate deputy under secretary for affairs. At the department of labor. We also have mullaney clark a from the Deputy Assistant administration of the bureau of latin america and the caribbean and the usaid. Tremendous work being done in that region. An arab jacob. A close friend of this dialogue, who is Deputy Assistant secretary in the bureau of affairs that the department, and you moved over there how long ago . About a month ago. You have been deeply embedded in these issues for a long time before that. So, i think everyone here is tracking that Central America is experiencing on
If you dont fight like hell, you will not have a country anymore. We take you live through discussions with u. S. Diplomats on policies and Central America. The discussion hosted by the interamerican dialogue. Good afternoon. Welcome. Thank you to everyone joining us in person and online for this important discussion about Central America. I want to thank our speakers for being here. I know you are in gravely busy. Thank you for being here. I want to start we have molly mccoy he here, and we were just discussing with you, we typically dont include the department of labor, and im so glad you are here with us today. Wally is the associate deputy under secretary for affairs. At the department of labor. We also have mullaney clark a from the Deputy Assistant administration of the bureau of latin america and the caribbean and the usaid. Tremendous work being done in that region. An arab jacob. A close friend of this dialogue, who is Deputy Assistant secretary in the bureau of affairs that t