Free Trade Agreement Signed in Marmo, Alecrast

GeneralTacticus · April 13, 2003, 00:39

In a joint statement to the press, the nations of Centralis, Alecrast, Dakmoristan, Greater Chimerica and Bulbagarden anounced that they had signed the Marmo Agreement on Freedom of Trade and Investment. The terms of this agreement are displayed below.

Articles of the Marmo Agreement on Freedom of Trade and Investment

In order to promote freedom of trade and investment and encourage economic growth, the following nations have agreed to sign a free trade agreement:

The Commonwealth of Alecrast
The Republic of Centralis
The Incorporated States of Greater Chimerica
The Empire of Dakmoristan
The Dominion of Ferrozoica
The Federation of Capitalstan
The Free Republic of Marijuania

The Federation of Bulbagarden has also agreed to partially sign this treaty, being bound by Articles I & III.

All members are required to abide by the following articles:

Article I:

All nations party to this treaty are required to develop a program of eliminating trade barriers with other treaty members within the next ten years. This should involve the removal of tariffs, the abolition of subsidies to private industries (national industries are exempt from this, although the ending of subsidies to them is recommended), and the removal of restrictions on investment from fellow treaty members.

Article II:

All signatories to this treaty (with the exception of Bulbagarden) agree to the establishment of an overall currency for all treaty members, to whose value all national currencies would be pegged. The exact details are to be worked out by the MAFTI Currency Commission.

Article III:

Signatories to this treaty may, if they wish, request loans and/or investment in development projects which are expected to stimulate economic growth. Funds may be provided by private banks or by the MAFTI Central Bank, which will be funded by member governments and exist for the purpose of funding such projects.

Other nations are welcome to sign this agreement if they wish.

MAFTI Central Bank Info:

Currency Reserves:

5 billion New Centrals (from Centralis)
10 billion Chimeras (from Greater Chimerica)

Loans Given:

None.

Jack_www · April 14, 2003, 13:42

Jackson might be interested in joining this trade agreement. We have long ago abolished all traifs in Jackson.

Drogue · April 14, 2003, 15:59

Akiria welcomes free trade, and already has as such, but will not, nor ever will it, peg it's currency to another. Freely Floating currencies are the best way in our opinion.

Archaic · April 14, 2003, 16:13

Quote:

Originally posted by Drogue
Akiria welcomes free trade, and already has as such, but will not, nor ever will it, peg it's currency to another. Freely Floating currencies are the best way in our opinion.

One would tend to agree, however one must remember how the European Union began its journey to a single currency market. If we want to do such a thing, this needs to be the first step.

Drogue · April 14, 2003, 16:49

Yes. However, although I am for the single currency (just) because I'd rather be in Europe but out (for the UK) as it is best for the UK, I am against single currencies, unless all nations have a single currency.

Mr. President · April 15, 2003, 01:43

It doesn't sound like national currencies are being abolished. Are they?

GeneralTacticus · April 15, 2003, 01:45

No. Article II states that an overall currency is to be established, so you have a kind of progression of cent to dollar to whatever the overall currency is.

GeneralTacticus · April 15, 2003, 10:00

btw, the Dominion of Ferrozoica, which was just established, has also joined this treaty (by default, being a colony of Centralis).

GeneralTacticus · May 13, 2003, 07:52

As a nation comitted to the principles of free trade, the Federation of Capitalstan formally requests admittance into this treaty.

Archaic · May 13, 2003, 07:54

Quote:

Originally posted by Jack_www
Jackson might be interested in joining this trade agreement. We have long ago abolished all traifs in Jackson.

If you're still interested, we may be willing to sponser for you membership.

As for Capitalstan, Alecrast puts forth the motion that they be admitted. Seconds?

Mr. President · May 14, 2003, 07:22

?

Whaleboy · May 19, 2003, 05:56

Marijuania would also like to join this agreement. We already comply with the terms of the tariffs, and the other terms of the agreement are easily acceptable to us.

We believe a single currency to be a good idea in theory, as long as the constituent economies are not too varied. The problem with the Euro is that there is one interest rate, and one inflation rate, for several different economies of massive variation. Upon looking at the other nations in this agreement, Marijuania concludes that the economies and business conditions are satisfactorily similar (ignore the lemonade sidewalk thing... it says im capitalizt and I've been helping business for weeks on NS).

Whaleboy · May 19, 2003, 05:58

By the way, what will we need to change our currency to?

GeneralTacticus · May 19, 2003, 06:01

Centralis seconds MArijuanu for entry into the MAFTI.

Quote:

By the way, what will we need to change our currency to?

Nothing as yet, seeing as how the Currency Commission has yet to actually do anything; the idea is that each nation creates a sort of 'over-currency', of which their former national currency effectively becomes a kind of sub-unit.

Whaleboy · May 19, 2003, 12:34

A bloody good idea! Presumably one keeps ones own currency for internal use, and a single currency for international use?

I assume that tourists will change their local currency for their destinations currency if that is that case? (Hope my lack of economics isnt too obvious... although I just made it so

)

GeneralTacticus · May 20, 2003, 07:13

Yes, that's basically it...

(btw: I have basically no knowledge of economics either, except for what little they've taught us at school thus far and what I've picked up from the ACDG...)

Whaleboy · May 20, 2003, 16:25

Most of what I know, Drogue has told me, so you're probably in a better position! jk sorry Will!

I stick to philosophy really, implimenting ideas is something I wanna leave to the pragmatists, so this is all a huge challenge to me!

GeneralTacticus · May 29, 2003, 04:47

Hmmm... so... anybody at all interested in getting a Currency Commission together? We could do a big RP about all the deliberations and so forth, or we could agree on the details of how the system will work, and have them published as the Commission's report...

Archaic · May 29, 2003, 06:38

Sounds good to me. Might be an idea to RP it this time.

Whaleboy · May 29, 2003, 09:15

Agreed with GT and Archaic. New thread?

GeneralTacticus · May 30, 2003, 03:39

Good idea.

GeneralTacticus · June 6, 2003, 02:49

So... anyone still interested?

Archaic · June 6, 2003, 03:47

Of course. Just didn't have the time to do it before. If you could post the thread?