Tuesday, November 3, 2015
Jade Trade: "The Biggest Natural Resource Heist in Modern History"
As noted earlier, many publications have chimed in on the recent Global Witness report on Myanmar's jade trade and its near-total links to China. Though brief, an article published by the Council on Foreign Relations culls the report for some hard-hitting allegations. And it calls on China, beneficiary of 80 percent of the trade, described as "mostly illegal," to take corrective action.
"The jade trade is rife with corruption, conflict and disease," the article asserts (link).
Among charges and observations mentioned in the article:
The area where mining occurs abounds in heroin addiction and prostitution, abetted by bribed authorities who turn their backs.
There is an "extraordinarily high prevalence" of HIV/AIDS.
The problems extend across the border to China's Yunnan Province, where most of the smuggled jade makes its first appearance in China.
Seventy percent of the funding for the largest extractive operations in Myanmar comes for China.
Jade prices continue their upward spiral, creating more demand.
The article calls on China to stamp out smuggling and expose corruption.
A search does not reveal a formal government response at this time, however it appears that many of the charges by Global Witness date back a number of years and changes favoring more openness about the situation have taken place.
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