East Oriental Trade Agreement: Difference between revisions

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Revision as of 15:35, 27 October 2023

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

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 Provsions
    • Student Visa
    • Work Visa
  • Common Financial Laws
  • Standardised Econometric & Accounting
  • Extradition Agreement
    • Started with financial crimes and cutoms regulations, expanded to include terrorism and national security concerns.

Economic Effects

Cultural Impact