Vespanian Exchange Institute

The Vespanian Exchange Institute,(abbreviated into the VEx) formerly known as the Common Sphere Business Institute, is an international exchange and business organization based in the city of Kopiona Poi in Pulau Keramat. The VEx works as a center for the promotion and aid to community-oriented businesses, stockholder analysis, and most recently, to facilitate and assist in economic exchange and agreements that occur between socialist-oriented and capitalist-oriented businesses and facilities. The Institute was founded in 1967 by Manaia Wira Anisa Bunnag, who was serving as the Councilmember of Kopiona Poi at the time, who took inspiration from the original 16th century trader's community, known as the Karaihe Company, who had gained a reputation of facilitating trade deals to foreign ships that had docked at the ports in order to better facilitate trade, and thus allow the port to gain a reputation of effective and well-communicated exchange.

Members of the institute consist of both government officials designated by the Dewan Emas of Pulau Keramat, as well as members of private industries that exist within the economic community of the nation, tying to both it's government industries and the privately owned businesses that both exist within Kopiona Poi. As of the year 1977, business officials stemming from organizations that originate in countries outside of Pulau Keramat were allowed to attain membership status, and while it has since conception worked to allow exchange and facilitation to all who enters the port city of origin, the institute has publicly announced their consideration of expanding their operational facilities to new soils to invite other states to engage in such discussions.

Any business who wishes to engage in economic dealings and development within Kopiona Poi is not legally required to receive a recorded history and partnership with the VEx, yet little to no government or business that stems from Pulau Keramat does not have at least minimal compliance and adherence to the institute due to the intrinsic benefits that come with partnership. In addition, many other nations and their own industries, such as Jhengtsang, prefer partnership with the VEx, due to the efforts made to provide a place for facilitated exchange and judgement of economic agreements between industries and nations that identify by deviating economic and political ideologies.

Organizational Structure

The Institute is currently facilitated by a board of officials, half of which are appointed directly by the Dewan Emas whereas the remaining positions are split between being on appointment basis by member organizations that are elected on sortition process, or elected by specific elections that occur whenever a position on the board becomes vacant. The board appoints a triumvirate of officials to act as overseers on the process of member admission, organization certification, foreign agreements, and other executive orders. One of the triumvirate is chosen to both host at least one economic conference a month and write a fully detailed report on operations that occur within the span of four months, the period of time split evenly between the elected triumvirate. When one of the triumvirate leaves their position, the entirety of the overseeing position must be reelected. These reports are made available to all organizations and governments that work with the institute, although it is first received by the Dewan Emas before made fully public.

Membership

Membership into the institute requires foremost a submission of entry that details the operations of the organization, the regulations that they are imposed to follow either by their own government or under their own accords, both internal and external audit records for the past year of operations, a list of international business arrangements that are already implemented prior to membership or contact, and a declaration of purpose to their entry into the institute. This submission is foremost analyzed by the triumvirate, who vote upon allowing it to be introduced to the entirety of the board, or to be denied. When brought to the board, a representative of the organization is asked to be present to answer questions that the official members of the board may have, and provide a declaration of intent to their membership with the institute. Most organizations and governments that are allowed membership status maintain generally positive relationships with foreign organizations and governments, operate with full consent and agreement with their own government for NGOs, are connected to, or affiliated with an international partner or organization, and several other standards to economic capacity and levels of transparency.

Report Methodology

The triumvirate of the institute each publicly release their own report in the respective months of January, May, and September, always due by the Friday of the second week of the month. These reports are known as the Pertumbuhan Analysis(PA), which traditionally consists of a list of what the triumvirate member considers the most detrimental and positive agreements, events, and investments that occurred during their term of observation and recording. Each of these occurrences are analyzed on a set account of key factors depending on the nature of the operation, although all operations contain recordings of transparency, cohesive assessment and communication of terms, and current economic standings and potential extraneous variables that may influence all participating members to each operation. Before each Pertumbuhan Analysis is published, it must first be screened by a board elected by the Dewan Emas as to ensure the credibility and technical rationalization behind each PA is sufficient enough to be made public.

Current Member Organizations

As following is a list of states that are either members within the VEx itself, or have organizations that are currently members of the VEx.

Ankat

Name of Organization	Status of Organization	Date of Entry into membership	Notes
Pulau Keramat	National Government	1967	Status as founding member
Wattana-Gubara Food & Beverage	State-Owned Corporation (Restaurants and Grocer)	1967	One of the largest produce-based companies within Pulau Keramat, Wattana-Gubara is known as the parent company to many restaurants, cafes, and markets throughout the archipelago and beyond, such as Cafe Surakarta and Mother's Marketplace, two of its largest internal compannies.
Ozeros International Express	State-Owned Corporation (Shipping)	1967	Acting as one of the largest container shipping companies throughout the entirity of the Ozeros Sea, the OIE is a hallmark of development within the VEx, facilitating ease of subnational and international travel for all national partners of the Institute.
Tyreseia	National Government	1977	Tyreseia was one of the first states in Scipia to accept membership into the VEx, and it's admission into the body was tied directly to the early steps of acclimation for the neighboring Messidor Union, which would join the next year.
Zanzali	National Government	1977	Zanzali, as a core member of AMON and a director neighbor of Pulau Keramat, was one of the first governments to join the VEx.
National Government	1977	Ankat, as a core member of AMON and a maritime neighbor to Pulau Keramat, was one of the first governments to join the VEx. It's inclusion was tied firectly to early steps of acclimation for the neighboring nation of Jhengstang, which would join the next year.
Walzenia	National Government	1977	Wazheganon was one of the first states in Norumbia to accept membership into the VEx, doing so as soon as international facilitation was made a possibility.
Zacapican	National Government	1977	Zacapican was one of the earliest governments to join the VEx once foreign facilitation became possible; solidifying the relationships the Pulaui market had throughout Oxidentale.
Del Villar Property Management	International Conglomerate	1977	Specializing in Real Estate and Land Development, this conglomerate is run by the Aligonian Del Villar family.
Nine Cousins Investment Board	Provincial Governing Body & Business Conglomerate	1978	Joined after a 1978 conference between Pulau Keramat and Sante Reze as a means of encouraging furthered financial relationships, as well as a means for entrance into previously unavailable markets.
Vetricolor	Gaming & Virtual Reality Company	1978	Vetricolor is a camera, optics, and entertainment company based in Gran Aligonia, and was one of the first international companies to consider investment in the VEx.
Messidor	National Government	1978	The Messidor Union was another early government to join the VEx after foreign facilitation became an option, assisting to solidify contemporary relations between the two nations.
Jhengtsang	National Government	1980	Jhengtsang, as one of the few command-based economies in the world, is benefited by its inclusion and work through the Institute as it provides a medium for exchange and the return of value that would apply for the state, whilst also being able to press goods to other markets.
Great State Council	State-Representative Economic Council	1984	The Great State Council of Kayahallpa represents the Sapa Inka, as the dominant economic machine for the Absolute Monarchy. It's inclusion ties together investment by a majority of all major powers within Oxidentale, solidifying the impression of the VEx having a positive impact on trans-Makrian relationships.
Alanahr	National Government	1988	Before the nation itself was involved, several Alanahri buisnesses had begun to request membership and organizational status within the VEx; with a resolution by the government at the time to instead accept national membership, so as to facilitate all potential future membership and activity within the institute.
KAD	Aerospace Corporation	1988	The Crimson Aviation Workshop joined before Ostrozava itself, and is a major partner in commercial aviation and exchange.
New Era Transportation Company	Urban Planning & Transportation Company	1988	This Hétumoger-based company is one of the largest 'Polgarsag'-operated industries in the nation, having a near monopoly in the spheres of transportation and private urban planning markets.
Saecheo Foundation	Industrial Construction & Renewable Energy Conglomerate	1989	A large Seonko- based conglomerate that joined with the intention of direct trade facilitation and tariff reduction with the Pulaui clean energy engineering industry, helping to acclerate work on hydroelectric plants and wind farms within the nation's various projects.
Ahuriri Aerospace	Aerospace Limited Liability Corporation	1990	One of the largest industries within Onekawa-Nukanoa, Ahuriri consists of various companies and investments in commercial aviation, satellites, and prospesctive space exploration.
Fuyang	National Government	1992	Fuyang's membership came in tandem with deals on the Association of Malaio-Ozeros Nations, and accentuates the political and economic proximity of Fuyang to the area.
M'biruna	National Government	2010	M'biruna's invitation to the institute was a work of the post Nkomo Accord economic plan for the central government in recovery from the civil war, allowing for a medium of economic interaction and engagement to assist the country in it's post-war status.
Agysimba	Regional Economic Entity	2020	The invitiation of Agysimba comes with the decreasing hostility and war weariness between the two proclaimed governments; and the prospect of cross-border trade without riots was enticing enough to ensure a request of participation to ensure that renewed economic participation could be done in a stable medium.
Ostrozava	National Government	2020	After a prolonged period of non-engagement by the entity, recent membership of Ostrozava has been cognizantly important in economic interaction with the nations that make up the Angrast Accord.
West Maritime Bank	Commercial Bank	1977	Long-time investor in Pulau Keramat, WMB joined the VEx as soon as possible once foreign organizations were allowed to.
Kanul-Ho Bank	Commercial Bank	2001	Joined once its activities in Pulau Keramat became large enough to justify it.
Ch'ob Tasil	Conglomerate	1983	Beverage and cosmetic conglomerate, joined the VEx to facilitate contacts with Pulaui Agave, algae, and coffee producers.