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Vespanian Exchange Institute

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Vespanian Exchange Institute
ꦺꦴꦕꦼꦄꦤꦶꦕ ꦼꦏꦲꦄꦤꦒꦼ ꦶꦤꦱꦠꦶꦠꦸꦠꦼ
AbbreviationVEx
Motto"To bring the world together"
PredecessorCommon Sphere Buisness Institute
FormationFebruary 5th, 1967
FounderManaia Wira Anisa Bunnag
Founded at Pulau Keramat
TypeIntergovernmental Organization
Legal statusGovernment-Owned Organization
PurposeCentre for International Commerce and Market Exchange
HeadquartersKopiona Poi
OwnerDewan Emas Council
Parent organization
Global Observatory of Labor
WebsiteVEx.gov.pk

The Vespanian Exchange Institute,(abbreviated into the VEx) formerly known as the Common Sphere Business Institute, is an international exchange and business organization based in the city of Kopiona Poi in Pulau Keramat. The VEx works as a center for the promotion and aid to community-oriented businesses, stockholder analysis, and most recently, to facilitate and assist in economic exchange and agreements that occur between socialist-oriented and capitalist-oriented businesses and facilities. The Institute was founded in 1967 by Manaia Wira Anisa Bunnag, who was serving as the Councilmember of Kopiona Poi at the time. Manaia took inspiration from the original 16th century trader's community, known as the Karaihe Company, who had gained a reputation of facilitating trade deals to foreign ships that had docked at the ports in order to better facilitate trade, and thus allow the port to gain a reputation of effective and well-communicated exchange. The institute is known for hiring economists, business analysts, regional consultants, and technlogicial specialists from the global market, in order to better provide analysis, advice, and facilitation of international commercial exchange irrespective of potential location bias. As such, the Vespanian Exchange Institute has regular contact with universities abroad, and often works on establishing campus presence through job faires, information sessions, and student internships for work at the sub-national or regional level.

Members of the institute consist of both government officials designated by the Dewan Emas of Pulau Keramat, as well as members of private industries that exist within the economic community of the nation, tying to both it's government industries and the privately owned businesses that both exist within Kopiona Poi. As of the year 1977, business officials stemming from organizations that originate in countries outside of Pulau Keramat were allowed to attain membership status, and while it has since conception worked to allow exchange and facilitation to all who enters the port city of origin, the institute has publicly announced their consideration of expanding their operational facilities to new soils to invite other states to engage in such discussions.

Any business who wishes to engage in economic dealings and development within Kopiona Poi is not legally required to receive a recorded history and partnership with the VEx, yet little to no government or business that stems from Pulau Keramat does not have at least minimal compliance and adherence to the institute due to the intrinsic benefits that come with partnership. In addition, many other nations and their own industries, such as Jhengtsang, prefer partnership with the VEx, due to the efforts made to provide a place for facilitated exchange and judgement of economic agreements between industries and nations that identify by deviating economic and political ideologies. The VEx is one of the largest buyers and holders of currency throughout the world, holding over 18 global currencies, including Lir, Solidus, and the Tsurushimese Kiku. The institute itself has prioritized steps and mechanisms for currency stability amongst its membership through its reserve and purchasing choices, and seeks to minimize exchange rate fluctuations within its sphere of engagement.

Organizational Structure

The Institute is currently facilitated by a board of officials, half of which are appointed directly by the Dewan Emas whereas the remaining positions are split between being on appointment basis by member organizations that are elected on sortition process, or elected by specific elections that occur whenever a position on the board becomes vacant. The board appoints a triumvirate of officials to act as overseers on the process of member admission, organization certification, foreign agreements, and other executive orders. One of the triumvirate is chosen to both host at least one economic conference a month and write a fully detailed report on operations that occur within the span of four months, the period of time split evenly between the elected triumvirate. When one of the triumvirate leaves their position, the entirety of the overseeing position must be reelected. These reports are made available to all organizations and governments that work with the institute, although it is first received by the Dewan Emas before made fully public.

Membership

Membership into the institute requires foremost a submission of entry that details the operations of the organization, the regulations that they are imposed to follow either by their own government or under their own accords, both internal and external audit records for the past year of operations, a list of international business arrangements that are already implemented prior to membership or contact, and a declaration of purpose to their entry into the institute. This submission is foremost analyzed by the triumvirate, who vote upon allowing it to be introduced to the entirety of the board, or to be denied. When brought to the board, a representative of the organization is asked to be present to answer questions that the official members of the board may have, and provide a declaration of intent to their membership with the institute. Most organizations and governments that are allowed membership status maintain generally positive relationships with foreign organizations and governments, operate with full consent and agreement with their own government for NGOs, are connected to, or affiliated with an international partner or organization, and several other standards to economic capacity and levels of transparency.

Report Methodology

The triumvirate of the institute each publicly release their own report in the respective months of January, May, and September, always due by the Friday of the second week of the month. These reports are known as the Pertumbuhan Analysis(PA), which traditionally consists of a list of what the triumvirate member considers the most detrimental and positive agreements, events, and investments that occurred during their term of observation and recording. Each of these occurrences are analyzed on a set account of key factors depending on the nature of the operation, although all operations contain recordings of transparency, cohesive assessment and communication of terms, and current economic standings and potential extraneous variables that may influence all participating members to each operation. Before each Pertumbuhan Analysis is published, it must first be screened by a board elected by the Dewan Emas as to ensure the credibility and technical rationalization behind each PA is sufficient enough to be made public. This report is accompanied by the VEx published International Commercial Access index, often documented as the ICA Index, which utilizes at least thirteen factors when calculating the overall accessibility and ease of exchange for individual markets and their subsequent dealings. This index scores entities regardless of membership, providing analysis on nearly every nation within the international market, as well as consistently reporting on the fifty largest private entities for all states that have mixed, or fully private sectors of commercial exchange.

Current Member Organizations

As following is a list of states that are either members within the VEx itself, or have organizations that are currently members of the VEx.

Name of Organization Status of Organization Date of Entry into membership Notes
Agysimba Regional Economic Entity 2020 The invitation of Agysimba comes with the decreasing hostility and war weariness between the two proclaimed governments; and the prospect of cross-border trade without riots was enticing enough to ensure a request of participation to ensure that renewed economic participation could be done in a stable medium.
Ahuriri Aerospace Aerospace Limited Liability Corporation 1990 One of the largest industries within Onekawa-Nukanoa, Ahuriri consists of various companies and investments in commercial aviation, satellites, and prospective space exploration.
 Alanahr National Government 1988 Before the nation itself was involved, several Alanahri businesses had begun to request membership and organizational status within the VEx; with a resolution by the government at the time to instead accept national membership, so as to facilitate all potential future membership and activity within the institute.
 Ankat

National Government 1977 Ankat, as a core member of AON and a maritime neighbor to Pulau Keramat, was one of the first governments to join the VEx. It's inclusion was tied directly to early steps of acclimation for the neighboring nation of Jhengstang, which would join the next year.
Asset Assurance Group Insurance Limited Liability Corporation 2007 AAG, based in Orun Redisus, joined VEx as a member in 2007 in order to seek new clients and better existing client relations related to insurance sales.
Azende Generale Vir Megaconglomerate 2005 Entities belonging to AGV were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2005.
Ch'ob Tasil Conglomerate 1983 Beverage and cosmetic conglomerate, joined the VEx to facilitate contacts with Pulaui Agave, algae, and coffee producers.
CH'WE Competitive Intelligence Consulting Firm 2002 Formerly a Government agency, this Mutul-based company became a public company in 2001, and joined the VEx in the following year. The firm holds an office in Kopiona Poi, close to the VEx headquarters.
Del Villar Property Management International Conglomerate 1977 Specializing in Real Estate and Land Development, this conglomerate is run by the Aligonian Del Villar family.
Dinamikun Ayeya Megaconglomerate 2005 Entities belonging to DA were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2005.
Enestri Uaju Megaconglomerate 2006 Entities belonging to EU were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2006.
Entratenimezun Cazini Megaconglomerate 2004 Entities belonging to EC were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2004.
Great State Council Central Government Organ 1984 The Great State Council of Kayahallpa is the constitutionally most powerful institution below the Supreme Leader. It's inclusion ties together investment by a majority of all major powers within Oxidentale, solidifying the impression of the VEx having a positive impact on trans-Makrian relationships.
Idokow Zakanahiya Megaconglomerate 2004 Entities belonging to IZN were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2004.
Inizatun k'Rossi Megaconglomerate 2005 Entities belonging to IkR were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2005.
 Jhengtsang National Government 1980 Jhengtsang, as one of the few command-based economies in the world, is benefited by its inclusion and work through the Institute as it provides a medium for exchange and the return of value that would apply for the state, whilst also being able to press goods to other markets.
KAD Aerospace Corporation 1988 The Crimson Aviation Workshop joined before Ostrozava itself, and is a major partner in commercial aviation and exchange.
Kanul-Ho Bank Commercial Bank 2001 Joined once its activities in Pulau Keramat became large enough to justify it.
 M'biruna National Government 2010 M'biruna's invitation to the institute was a work of the post Nkomo Accord economic plan for the central government in recovery from the civil war, allowing for a medium of economic interaction and engagement to assist the country in it's post-war status.
Miraculum Verrucosa-TPK Mass Media 1988 Miraculum Verrucosa-TPK is a subsidiary of Latium-based Verrucosa Holdings that was created following acquisition of Televisi Pinggir Kali and its assets, a smaller conglomerate primarily operating in the Kopiona Poi Capitol Region. Since its acquisition, TPK has expanded to a national footprint. Through Miraculum Verrucosa-TPK, Verrucosa Holdings became the first major Latin-based corporation to join VEx.
MOA Motors Commercial Vehicles Corporation 1990 One of the largest industries within Onekawa-Nukanoa, MOA Motors sells commerical vehicles, such as trucks, buses, construction vehicles, agricultural vehicles, and vehicle maintenance equipment.
Nine Cousins Investment Board Provincial Governing Body & Business Conglomerate 1978 Joined after a 1978 conference between Pulau Keramat and Sante Reze as a means of encouraging furthered financial relationships, as well as a means for entrance into previously unavailable markets.
 Orun Redisus National Government 2010 Orun Redisus sought membership in the organization in 2010 after prolonged lobbying by executives from Asset Assurance Group and other large corporations to seek membership to open new markets. OR was formerly accepted in 2010.
 Ostrozava National Government 2020 After a prolonged period of non-engagement by the entity, recent membership of Ostrozava has been cognizantly important in economic interaction with the nations that make up the Angrast Accord.
Ozeros International Express State-Owned Corporation (Shipping) 1967 Acting as one of the largest container shipping companies throughout the entirety of the Ozeros Sea, the OIE is a hallmark of development within the VEx, facilitating ease of subnational and international travel for all national partners of the Institute.
 Pulacan National Government 1982 Pulacan, as an early member of AON and a director neighbor of Pulau Keramat, was an early government to join the VEx.
 Pulau Keramat National Government 1967 Status as founding member
Saecheo Foundation Industrial Construction & Renewable Energy Conglomerate 1989 A large Seonko- based conglomerate that joined with the intention of direct trade facilitation and tariff reduction with the Pulaui clean energy engineering industry, helping to accelerate work on hydroelectric plants and wind farms within the nation's various projects.
Soluzini Hade Megaconglomerate 2005 Entities belonging to SH were partially involved in VEx since 1978 via the Nine Cousins Investment Board. They bought in fully in 2005.
 Talahara National Government 1978 The United Communes of Talahara was another early nation to join the VEx after foreign facilitation became an option, assisting to solidify contemporary relations between the two nations.
Tran International Megacorporation 1988 Tran International is a Daoan conglomorate based in Congvat. Tran International is the largest conglomerate in Daobac and with a combined revenue of more than 39.78 billion Solidus the conglomorate controls 11.3% of the Daoan economy. Tran is best known for its engineering, energy, arms manufacturing and mining, services.
 Tsurushima National Government 1977 Tsurushima has long since held similar views, ideological practices, and economic opportunities in partnership with Pulau Keramat. It was one of the first nations to be invited to join.
 Tyreseia National Government 1977 Tyreseia was one of the first states in Scipia to accept membership into the VEx, and it's admission into the body was tied directly to the early steps of acclimation for neighboring Talahara, which would join the next year.
Vetricolor Gaming & Virtual Reality Company 1978 Vetricolor is a camera, optics, and entertainment company based in Gran Aligonia, and was one of the first international companies to consider investment in the VEx.
File:Flag of Walzenia modern.png Walzenia National Government 1977 Wazheganon was one of the first states in Norumbia to accept membership into the VEx, doing so as soon as international facilitation was made a possibility.
Wattana-Gubara Food & Beverage State-Owned Corporation (Restaurants and Grocer) 1967 One of the largest produce-based companies within Pulau Keramat, Wattana-Gubara is known as the parent company to many restaurants, cafes, and markets throughout the archipelago and beyond, such as Cafe Surakarta and Mother's Marketplace, two of its largest internal companies.
West Maritime Bank Commercial Bank 1977 Long-time investor in Pulau Keramat, WMB joined the VEx as soon as possible once foreign organizations were allowed to.
 Zacapican National Government 1977 Zacapican was one of the earliest governments to join the VEx once foreign facilitation became possible; solidifying the relationships the Pulaui market had throughout Oxidentale.
 Zanzali National Government 1977 Zanzali, as a core member of AON and a director neighbor of Pulau Keramat, was one of the first governments to join the VEx.