East Oriental Trade Agreement
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| Abbreviation | EOTA |
|---|---|
| Formation | June 9, 1969 |
| 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
- Semiconductor Industry Cooperation
- Common Financial Laws
- Standardised Econometric & Accounting
- Extradition Agreement
- Started with financial crimes and cutoms regulations, expanded to include terrorism and national security concerns.
