Montecara–Euclean Community relations
Montecara has extensive relations with the Euclean Community and its member states despite not being a Community member itself.
Chronology
Trade
The EC is Montecara's largest trading partner by a wide margin, and Florena is its largest individual state trading partner.
Proposed membership
| Ratification of EC Membership Agreement, 1996 | ||||||||||||||||||||||
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| To ratify the agreement negotiated by the State of Montecara and the Euclean Community with the aim of securing membership in the Community | ||||||||||||||||||||||
| Date | June 28, 1996 | |||||||||||||||||||||
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Yes
No
Montecara's last serious attempt to join the EC was made in 1996, when the Colegio and Senate both approved the necessary treaties of accession. When they came to a vote by the Popular Assembly, however, they were defeated by a margin of over 60%.
In the lead-up to the Popular Assembly vote, major trade unions came out strongly against the proposal, arguing that membership in the Community would undermine worker protections and allow an influx of cheap foreign labor into the country. The financial sector, on the other hand, was strongly pro-membership, and executives of several prominent banking institutions made public statements to the effect that Montecara would stand to gain far more than it would lose by having essentially unrestricted access to a vast capital market.