East Oriental Trade Agreement

Jump to navigation Jump to search
East Oriental Trade Agreement
AbbreviationEOTA
FormationJune 9, 1969; 55 years ago (1969-06-09)
TypeMultinational Trade Agreement
Legal statusActive
ProductsIndustrials, Materials, Consumer Staples
Membership
Trilateral: Cashar, Esonice, Federated Commonwealth of New Iberium
Official language
Anglish
Symbol of Eurth.svg This Eurth-related article is a stub.

The East Oriental Trade Agreement is a trilateral trade agreement between the states of Cashar, Esonice, Iverica (and by extension New Iberium). One of its primary goals is the reduction in tariffs to a net-zero per industry every decade.

History

  • 1967 — Summit
  • 1969 — Formation
  • 1974 — EOTA “First 5-Years” Convention
  • 1979 — EOTA 1st Decade Convention
  • 1989 — EOTA 2nd Decade Convention
  • 1997 — Controversy
  • 1999 — EOTA 3rd Decade Convention
  • 2009 — EOTA 4th Decade Convention
  • 2019 — EOTA 5th Decade Convention

Provisions

  • Tariff Reductions — At every decade convention, EOTA chooses an Industry group's basket of products and aims to trilaterally reduce tariffs for that basket.
  • Free Movement Provisions
    • Student Visa
    • Work Visa
  • Semiconductor Industry Cooperation
  • Common Financial Laws
  • Standardised Econometric & Accounting
  • Extradition Agreement
    • Started with financial crimes and customs regulations, expanded to include terrorism and national security concerns.

Economic Effects

Cultural Impact