Trans Adula Fair Commerce Accord: Difference between revisions

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[[Category: Vitosium]][[Category:Emmiria]]
[[Category: Vitosium]][[Category:Emmiria]]
[[Category:Somodi]][[Category:Coalition of Crown Albatross]][[Category:Timeria]][[Category:Emmiria]][[Category:Artegana]]
[[Category:Somodi]][[Category:Coalition of Crown Albatross]][[Category:Timeria]][[Category:Emmiria]][[Category:Artegana]][[Category:Peoratia]]

Latest revision as of 20:56, 14 August 2021

Trans Adula Fair Commerce Accord
AbbreviationTAFCA
EstablishedMay 6th, 2011
TypeTrade Agreement
Legal statusActive

The Trans Adula Fair Commerce Accord, often shortened to TAFCA, is an international trade agreement between a select number of member countries who have signed the accord.

The accord establishes cooperation between members to reduce trade barriers, import quotas and tariffs, to enhance liberalization of trade in services, and to increase trade of goods and services with each other. The agreement can also be called an "economic integration agreement", which is the unification of economic policies between the different members, through the partial or full abolition of tariff and non-tariff restrictions on trade. Additionally, due to the nature of the agreement, a nation must be a part of Adula as per the name.

TAFCA was created on May 6th, 2011, by governing parties of Austrolis, Timeria, and Vitosium, with Somodi being inducted soon afterwards.

On May 6th, 2019 TAFCA members began to discuss expanding the organization and opening it up to members across Adula. TAFCA members began a diplomatic mission to get other nations involved in TAFCA. The benefit of TAFCA peaked interest and the first to join was the Islamic Republic of Emmiria alongside the newly formed democracy Republic of Kossmil. A few days later both the Federation of Rulani and the Republic of Serra Leon joined as full members, and several more nations across the western half of the continent followed suit.  

Member Nations

Country Joined
Austrolis May 6th, 2011
Timeria May 6th, 2011
Vitosium May 6th, 2011
Somodi May 6th, 2011
Kint May 6th, 2011
Byritand May 6th, 2011
Peoratia April 16th, 2015
Emmiria February 24th, 2021
Kossmil February 24th, 2021
Rulani March 1st, 2021
Serra Leon March 1st, 2021
Artegana March 1st, 2021
Qalano March 1st, 2021
Costa Sarba March 1st, 2021
Alluna March 1st, 2021