Quite frankly the EU should not be regulating deficits or surpluses unless part they are part of a currency union. Who is to say what is excessive it all depends on how long too or in what areas the couuntry has trade deficits or surpluses and for how long. A country may have a surplus for a long time in goods but not in services like in Duchies where we have alot of foreign contractors in the country likewise a nation in a trade deficit may have alot of service exports. Does your balance of trade proposals account for this.
I also challenge the notion trade is zero sum it is not it brings in necessary goods where countries cannot make them for example we cannot make tablets and low end electronics and low value goods as effectively. We could make them sure but they would cost 3-4 times as much even if manufactaured in a fair trade way in other countries likewise we are more efficient at cars and capital intensive goods , those types of goods a small nation may not have the market for a local manufactaurer whereas nations like DU , Inquista and UD do so with trade we can all specialise in goods that the environment and economic size of our country makes us good at. The idea countries can be self sufficient is a pie in the sky fantasy sure its possib.e if we make goods cost 4 times as much or more due to inefficiencies. Quite frankly maybe you need to study business and economics properly before coming up with such insane policies or consult real economists and not loony far lefties on economics matters.
Your policy makes no mention of high frequency transfers merely transfers which could happen for many reasons for example would Roscoes be considered bad for importing alot of bananas even if its uneconomic and not green to make them in Duchies and likewise would exporting potatoes in quantity be bad in your eyes even if it makes cheaper wholesome veg available for both consumers in both countries. I would also ask how this policy would affect countries like Inquista who don't have low value land for factories for low end goods and don't have land to grow food so depend on massive food imports and imports of basic goods to function. This proposal takes no account of the different roles of economies in the global economy and instead seeks some sort of wishful thinking autarky that would only impoverish everyone in Europe."
James Mizrachi-Roscoe , Councillor for United Duchies