View source for Esquarian Common Market

{{Region icon Esquarium}}
{{Infobox geopolitical organization
|name =
{{collapsible list
  |titlestyle = background:transparent; font-size:9pt;
  |title = {{resize|11.5pt|Esquarian Common Market}}<br>
  |{{Infobox|subbox=yes|bodystyle= font-size:9pt;
}}
}}
|native_name =       
|linking_name =      <!-- For wikilinks, if diff from name -->
|image_flag =       EsquarianCommunityflag.png
|alt_flag =          Flag of the Esquarian Community
|flag_border =       <!--set to no to disable border around the flag-->
|symbol_type =       <!-- Symbol, Emblem, Logo, etc. -->
|image_symbol =      <!-- Symbol image's filename -->
|alt_symbol =        <!-- alt text for symbol -->
|symbol_width =      <!-- Symbol image's width (default 85px) -->
|motto =             <!-- "[motto]" -->
|englishmotto =      <!--English language version of motto-->
|anthem =            <!-- ''[anthem name]'' -->
|text_symbol_type =  <!-- for other types of text symbol -->
|text_symbol =       <!-- e.g. ''[hymn name]'' -->
|image_map =         <!-- Map image's filename -->
|loctext =           <!--text description of location of organization-->
|alt_map =           <!-- alt text for map image -->
|map_width =         <!-- Map image's width (default 250px) -->
|map_caption = 
|org_type =          {{wp|Common market}}
|membership_type =   Members
|membership =        [[Esquarian Common Market#Membership|''See below'']]
|admin_center_type = [[Esquarian Secretariat]] administrative centers
|admin_center =   [[Huimont]]
|languages_type =    Languages
|languages = Official languages of the EC
|leader_title1 =     [[President of the Esquarian Community]]
|leader_title2 =     <!-- e.g. "Deputy chair", etc. -->
|leader_name2 = 
|established =      
|established_event1 = Ratification of the [[Treaty of the Esquarian Community]]
|established_date1 = 9 September 1990
|established_event2 = 
|established_date2 = 
|official_website = mec.esquaria.ec
|area_magnitude = 
|area_km2 =          <!-- major area size (in sq_km) -->
|area_sq_mi =        <!-- area in square mi (requires area_km2) -->
|area_footnote =     <!-- optional footnote for area -->
|percent_water = 
|area_label =        <!-- label under "Area" (default is "Total") -->
|area_label2 =       <!-- label below area_label (optional) -->
|area_dabodyalign =  <!-- text after area_label2 (optional) -->
|population_estimate = 1.3 billion
|population_estimate_year = 2018
|population_density_km2 = 
|population_density_sq_mi = 
|GDP_PPP = 
|GDP_PPP_rank = 
|GDP_PPP_year = 
|GDP_PPP_per_capita = 
|GDP_nominal = 40.666 trillion NSD
|GDP_nominal_year = 2018
|GDP_nominal_per_capita = 21,224 NSD
|Gini =              <!-- number only, 0-100 -->
|Gini_ref =          <!-- for any ref/s to associate with Gini number -->
|Gini_year = 
|HDI =               <!-- number only, 0-1 -->
|HDI_ref =           <!-- for any ref/s to associate with HDI number -->
|HDI_year = 
|currency = [[Esquarian Community#Members|14 currencies]]
|currency_code = 
|time_zone = 
|utc_offset =        <!-- +N, where N is number of hours -->
|footnote1 = 
|footnote2 = 
}}

The '''Esquarian Common Market''' is the unified market for goods and services that operates under the authority of the [[Esquarian Community]] (EC). Its legal framework is based on the [[Treaty of the Esquarian Community]] (TEC), ratified 9 September 1990, which specifically calls for the creation of the Common Market and provides its basic tenets and objectives. All Member States of the EC are automatically members of the Common Market, and non-Member States can be admitted to the Common Market but have no decision-making power. 

According to the TEC, the Common Market "is intended to reduce barriers to trade and coordinate economic development." It has no internal tariffs and a unified external tariff regime. Regulations on the protection of consumers, workers, and the environment are to be standardized across the Common Market. Further, regulations "having a purely protectionist intent or outcome" are banned. The TEC also allows additional functions to be assigned to the Common Market by [[Treaties and laws of the Esquarian Community|Esquarian law]].

The Common Market was given greater significance by the [[Comprehensive Common Market Act 2017]], which for the first time enumerated its structure and components: the Unified Market for Goods and Services, the Unified Customs Regime, and the Unified Market for Labour and Capital. It also articulated the Core Principles of the Common Market, namely: 
*to further the economic integration and collective strength of the world's liberal democratic societies
*to remove discriminatory and inefficient barriers to the free movement of goods, services and people throughout the Community
*to improve the collective strength of the Community by promoting a coherent identity
*to promote the spirit of individual agency and free and fair enterprise within member-states and to the world at large

The [[Esquarian Court of Justice]] is the final arbiter regarding Common Market disputes.

== Components ==
=== Unified Market for Goods and Services ===
The Unified Market for Goods and Services is a {{wp|free trade area}} that requires Common Market states not to discriminate among goods and services produced within the Common Market. This includes the elimination of tariffs, fees, surcharges, and taxes levied against goods and services within the Common Market as well as subsidies aimed at supporting domestic businesses at the expense of external ones. Common Market states must also refrain from creating undue regulatory burdens against the flow of goods and services within the Common Market and from allowing goods imported from outside the Common Market at a reduced rate to circulate within it. 

Common Market states are reserved certain powers regarding the trade in goods and services. For instance, they may charge reasonable health and safety fees on imports; make public procurements without regard to the Common Market; impose restrictions in wartime; impose currency controls; prevent the movement of illegal goods; and "maintain and enforce additional labelling and naming requirements for reasons of environmental protection, consumer protection, cultural heritage, or public health and safety."

=== Unified Customs Regime ===
The Unified Customs Regime requires Common Market states to harmonize their external tariffs and customs requirements. Duty is collected by national customs authorities for domestic use, but rates are set at the Common Market level as enumerated in the Addenda to the [[Comprehensive Common Market Act 2017]]. The compendium of tariff rates is known as the Central Tariff Database and is maintained by the Esquarian Secretariat. 

In some instances, the Secretariat is empowered to raise tariff rates unilaterally; for example, in the event that an external state engages in certain anti-competitive trade practices, the [[President of the Esquarian Community]] as head of the Secretariat may impose additional tariffs of up to 300% on the violator. Common Market states are not allowed to impose their own trade sanctions.

=== Unified Market for Labour and Capital ===
The Unified Market for Labour and Capital is based on the legal framework of the [[Labour and Residency Act 2017]], which guarantees residents of Common Market states four fundamental freedoms: cross-national movement, residency, labour rights, and civic participation. It also guarantees the freedom of cross-national incorporation. The Act creates the status of "Common Market national," which is defined as any citizen of an EC Member State or non-EC Common Market state, or anyone who has the legal right to reside and work in a Common Market state as a stateless individual or asylum holder. 

== Membership ==
All EC Member States are members of the Esquarian Common Market. A separate status of Associate Partnership exists for states outside the EC and Common Market but which are granted preferential trading status. Associate Partners enjoy a reduced general tariff rate of 1.5%, the right to appeal any adverse findings under the Comprehensive Common Market Act before the Esquarian Court of Justice, and reduced tariff rates or exemptions in up to twelve tariff areas as enumerated in their association agreement.

{| class="wikitable sortable" style="font-size:95%; white-space:nowrap; width:100%;"
! style="line-height:95%" |Official name
! style="line-height:95%" |Status in the ECM
! style="line-height:95%" |Currency
!GDP<br><small>(nominal, billions NSD)</small>
!GDP per capita
!Year
|-
|{{flag|Ainin|name=Aininian Republic}}
| EC Member State
| style="text-align:right" |[[Aininian louré|Louré]]
|5,050
|41,032
|2012
|-
|{{flag|Aucuria|name=Aucurian Republic}}
| EC Member State
| style="text-align:right" |[[Aucurian svāras|Svāras]]
|404
|31,647
|2014
|-
|{{flag|Desena|name=Desenan Republic}}
| Common Market Member
|style="text-align:right" |[[Desenan lira]]
|187
|33,297
|2018
|-
|{{flag|Eibenland|name=Eibenland, Federal Monarchy of}}
| EC Member State
| style="text-align:right" |[[Eibenlander Mark|Mark]]
|1,462
|46,170
|2017
|-
|{{flag|Jorland and Lothican|name=Jorland and Lothican, Royal Commonwealth of}}
| EC Member State
| style="text-align:right" |[[Jorvish-Lothic shilling|Shilling]]
|495
|32,182
|2016
|-
|{{flag|Karazawa|name=Karazawa, Kingdom of}}
| EC Member State
| style="text-align:right" |[[Cushek]]
|945
|10,500
|2014
|-
|{{flag|Katranjiev|name=Katranjiev, Kingdom of}}
| EC Member State
| style="text-align:right" |[[Katranjian zalot|Zalot]]
|1,787
|66,751
|2015
|-
|{{flag|Luziyca|name=Luziyca, Christian Republic of}}
| EC Member State
| style="text-align:right" |[[Luziycan lira]]
|14,786
|54,800
|2015
|-
|{{flag|Mespalia|name=Mespalia, Kingdom of}}
| EC Member State
| style="text-align:right" |[[Mespalian sampo|Sampo]]
|1,614
|45,785
|2016
|-
|{{flag|Namor|name=Namor, People's Republic of}}
| Associate Partner
| style="text-align:right" |[[Ramon]]
|8,784
|16,837
|2017
|-
|{{flag|Ordennya|name=Ordennya, Federation of}}
| EC Member State
| style="text-align:right" |[[Ordennyan credit|Credit]]
|1,400
|35,000
|2017
|}
<references/>

{{Template:Esquarian Community}}

[[Category:Esquarian Community]]
[[Category:Esquarium]]
[[Category:Economics]]