Trans-Periclean Free Trade Area: Difference between revisions
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Revision as of 19:23, 29 January 2022
 Member states in 2021 | |
| Type | Free-trade area |
|---|---|
| Signed | April 11, 1961 |
| Location | Castellum ab Alba |
| Effective | August 31, 1961 |
| Original signatories | |
| Signatories | |
| Language | Standard Latin |
The Trans-Periclean free trade area is a free trade area founded in 1955 between the Latium and Drevstran. Originally a simple bilateral agreement spearheaded by Jason Claudius and Marveil Urshlo, then Master of Offices and Mervoret of Drevstran, the Trans-Periclean FTA grew over the years with the inclusion of other countries bordering the Periclean Sea, turning it into a fully multilateral, international trade bloc.
History
The impetus for a Latium-Drevstran Free Trade Agreement began with Marveil Urshlo, who made the idea part of his 1959 campaign. Following his elections, the then-consul of Latium Jason Claudius was receptive to the idea, as a way to strengthen the Latium' position in the eastern Periclean. Both countries signed the treaty in 1961, and it became effective four months later after the ratification of the treaty by the two countries' legislative branches.
Later on, the kingdom of Aretias agreed to revize and expand its own Bilateral Agreement with the Latium, ultimately leading to the small kingdom joining the Agreement, turning it into a Free Trade Area, in 1971. Since then, the FTA was further expanded with the inclusion of Alanahr, Lihnidos, and lastly of Mysia in the early 2000s.