East Oriental Trade Agreement

East Oriental Trade Agreement

Abbreviation	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

This Eurth-related article is a stub.

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