East Oriental Trade Agreement

East Oriental Trade Agreement

Nickname	EOTA
Formation	June 9, 1969 (1969-06-09)
Type	Multinational Trade Agreement
Legal status	Active
Products	Industrials, 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.