If the country of origin refuses to pay the costs determined to the country concerned after a fair calculation by an independent agency and a judgment of the International Court of Justice, the member states of the United Nations or individual countries may also consider measures that affect trade, the economy or other sanctions concerned guilty country.
The PR China under the Leadership of Deng Xiaoping, established special Economic Zones since 1979 and joined the World Trade Organization (WTO) in 2001. Since then the global upswing has begun and the PR China enjoyed a global continues growth of the GDP exceeding in some years 15%. The rise of the PR China since the 1980 is illustrated by click on the link "China Economic Growth"
Therefore many industrialized countries created new production capacities in China because China offered favorable investment conditions. As a result, goods produced in China could be offered much cheaper in their own country, knowing that one would have more unemployment in one's own country and would become dependent to a certain extent. It was believed that the Chinese government and industry are just as honest and you can trust them.
The PR China is the 2nd largest Industry Nation behind the USA enjoying in the Years 2005 to 2016 around 1,2 trillion US$ from Foreign Direct Investments, means the PR China had the full trust of their Business Partners. Unfortunately it seems this trust was only unilateral
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The most simple way is just to close the eye hoping nothing like this pandemy will strive us in the next few decades, but this may the wrong way to think
"The skin belongs to us, but the tailored shirt that we wear may already have worn out and needs to be replaced"
For Examples on measures imaginable please click the blue colored Buttons
*** Limited trading relationships due to loss of trust and credibility *** Exclusion or restrictions for China important trade and other organizations *** Restrictions on imported high-tech goods *** Individual Country restrictions for access to important infrastructure (Airports, Harbors, Railway, Waterways, etc..) *** etc...
Individual Country Measures against Pandemic causing Country could be
*** Restriction or prohibition of direct investments *** Restrictions on imported high-tech goods *** Increase production in the own Country even the prices of some goods will increase but insure less dependancy on another Country *** Individual agreements between the country concerned and the country of origin of the Pandemic (Losses incurred could be compensated by One-Time Payments or Annual Installments over a period to be agreed upon) *** Increase in import taxes on goods from the country of origin of the pandemic *** Legislative changes to enable the expropriation of property, company holdings or bank deposits in the countries concerned which belong in full or in part to citizens or companies of the Country causing the pandemic *** Immediate blocking of all bank accounts of citizens, companies and ministries of the state causing the pandemic in the country concerned, including those of 3rd parties that are wholly or partly owned by citizens or companies of the state causing the pandemic on behalf of third parties *** Confiscation of assets belonging to the Country causing the pandemic or their Citizens *** Introduction of compulsory duties/taxes such as after a lost war and the countries that caused the war to the victorious powers have to pay repair payments for the costs incurred over a certain period of time *** Changes in economic and trade relations by applying higher duties and taxes for imported goods coming from the Country causing the Pandemic *** etc...
Changes in Trade relationship with the Pandemic causing Country
Changes in Trade relationships towards the Country causing the Pandemy due huge unbalanced Trade surplus to favor of the Country causing the Pandemy or due the dependency on some critical goods like for example medicines or raw materials required in the economy, which would also be available in other countries but more expensive than in the country causing the pandemic with advantages by reducing the number of refugees fleeing their country in the name of humanity, but in reality just trying to find a better paid job abroad that enables them to feed their families at home. If there are raw materials, industry or suitable knowledge in sloch countries that you can use in your own country, this would be a solution with one stone to reduce the refugee waves and at the same time achieve independence from the monopoly positions of certain countries.
Of course, it would take a few years for the overall concept to be implemented, but the negative effects for countries with a monopoly on critical goods that is essential for their own country could lead to export losses of up to 25% of the trade volume within the country in the next 4 to 5 Years and in the long run 50% or more, all in favor of countries with even lower per capita income.
This strategy would also consist of investing in the education, economy and infrastructure of low-income countries within the EU and other countries around the world and building an economy that corresponds to the country's available raw material resources, production capacities and education, while at the same time improving of living conditions, which in turn will benefit the reduction of economic refugees.
PR China - Economic Growth since 1980
PR China GDP (nominal) over time compared to other major Industry Nations