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GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

13-04-2003 09:39

Free Trade Agreement Signed in Marmo, Alecrast

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In a joint statement to the press, the nations of Centralis, Alecrast, Dakmoristan, Greater Chimerica and Bulbagarden anounced that they had signed the Marmo Agreement on Freedom of Trade and Investment. The terms of this agreement are displayed below.

Articles of the Marmo Agreement on Freedom of Trade and Investment

In order to promote freedom of trade and investment and encourage economic growth, the following nations have agreed to sign a free trade agreement:

The Commonwealth of Alecrast
The Republic of Centralis
The Incorporated States of Greater Chimerica
The Empire of Dakmoristan
The Dominion of Ferrozoica
The Federation of Capitalstan
The Free Republic of Marijuania

The Federation of Bulbagarden has also agreed to partially sign this treaty, being bound by Articles I & III.

All members are required to abide by the following articles:

Article I:

All nations party to this treaty are required to develop a program of eliminating trade barriers with other treaty members within the next ten years. This should involve the removal of tariffs, the abolition of subsidies to private industries (national industries are exempt from this, although the ending of subsidies to them is recommended), and the removal of restrictions on investment from fellow treaty members.

Article II:

All signatories to this treaty (with the exception of Bulbagarden) agree to the establishment of an overall currency for all treaty members, to whose value all national currencies would be pegged. The exact details are to be worked out by the MAFTI Currency Commission.

Article III:

Signatories to this treaty may, if they wish, request loans and/or investment in development projects which are expected to stimulate economic growth. Funds may be provided by private banks or by the MAFTI Central Bank, which will be funded by member governments and exist for the purpose of funding such projects.

Other nations are welcome to sign this agreement if they wish.

MAFTI Central Bank Info:

Currency Reserves:

5 billion New Centrals (from Centralis)
10 billion Chimeras (from Greater Chimerica)

Loans Given:

None.

Last edited by GeneralTacticus on 24-07-2003 at 15:55

Jack_www

King

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Southern California
Jul 2001
time: 21:27

14-04-2003 22:42

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Jackson might be interested in joining this trade agreement. We have long ago abolished all traifs in Jackson.

Drogue

Emperor

Omnipresent conscience
Oct 2002
time: 05:27

15-04-2003 00:59

Remove this text

Akiria welcomes free trade, and already has as such, but will not, nor ever will it, peg it's currency to another. Freely Floating currencies are the best way in our opinion.

Archaic

King

Washed up SMAC/X University Specialist
Nov 2001
time: 15:27

15-04-2003 01:13

Inflate your Upload Space

quote:
Originally posted by Drogue
Akiria welcomes free trade, and already has as such, but will not, nor ever will it, peg it's currency to another. Freely Floating currencies are the best way in our opinion.

One would tend to agree, however one must remember how the European Union began its journey to a single currency market. If we want to do such a thing, this needs to be the first step.

Drogue

Emperor

Omnipresent conscience
Oct 2002
time: 05:27

15-04-2003 01:49

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Yes. However, although I am for the single currency (just) because I'd rather be in Europe but out (for the UK) as it is best for the UK, I am against single currencies, unless all nations have a single currency.

Mr. President

Emperor

The leaves that are green turn to brown
Jul 2001
time: 15:27

15-04-2003 10:43

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It doesn't sound like national currencies are being abolished. Are they?

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

15-04-2003 10:45

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No. Article II states that an overall currency is to be established, so you have a kind of progression of cent to dollar to whatever the overall currency is.

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

15-04-2003 19:00

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btw, the Dominion of Ferrozoica, which was just established, has also joined this treaty (by default, being a colony of Centralis).

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

13-05-2003 16:52

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As a nation comitted to the principles of free trade, the Federation of Capitalstan formally requests admittance into this treaty.

Archaic

King

Washed up SMAC/X University Specialist
Nov 2001
time: 15:27

13-05-2003 16:54

#10

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quote:
Originally posted by Jack_www
Jackson might be interested in joining this trade agreement. We have long ago abolished all traifs in Jackson.

If you're still interested, we may be willing to sponser for you membership.

As for Capitalstan, Alecrast puts forth the motion that they be admitted. Seconds?

Mr. President

Emperor

The leaves that are green turn to brown
Jul 2001
time: 15:27

14-05-2003 16:22

#11

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Last edited by Mr. President on 20-05-2003 at 07:59

Whaleboy

Prince

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Jan 2003
time: 05:27

19-05-2003 14:56

#12

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Marijuania would also like to join this agreement. We already comply with the terms of the tariffs, and the other terms of the agreement are easily acceptable to us.

We believe a single currency to be a good idea in theory, as long as the constituent economies are not too varied. The problem with the Euro is that there is one interest rate, and one inflation rate, for several different economies of massive variation. Upon looking at the other nations in this agreement, Marijuania concludes that the economies and business conditions are satisfactorily similar (ignore the lemonade sidewalk thing... it says im capitalizt and I've been helping business for weeks on NS).

Whaleboy

Prince

Please make all cheques payable to Whaleboy
Jan 2003
time: 05:27

19-05-2003 14:58

#13

Lose 30 kilos (of popups)

By the way, what will we need to change our currency to?

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

19-05-2003 15:01

#14

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Centralis seconds MArijuanu for entry into the MAFTI.

quote:
By the way, what will we need to change our currency to?

Nothing as yet, seeing as how the Currency Commission has yet to actually do anything; the idea is that each nation creates a sort of 'over-currency', of which their former national currency effectively becomes a kind of sub-unit.

Whaleboy

Prince

Please make all cheques payable to Whaleboy
Jan 2003
time: 05:27

19-05-2003 21:34

#15

Support Apolyton

A bloody good idea! Presumably one keeps ones own currency for internal use, and a single currency for international use?

I assume that tourists will change their local currency for their destinations currency if that is that case? (Hope my lack of economics isnt too obvious... although I just made it so )

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

20-05-2003 16:13

#16

Lose 30 kilos (of popups)

Yes, that's basically it...

(btw: I have basically no knowledge of economics either, except for what little they've taught us at school thus far and what I've picked up from the ACDG...)

Whaleboy

Prince

Please make all cheques payable to Whaleboy
Jan 2003
time: 05:27

21-05-2003 01:25

#17

Remove this text

Most of what I know, Drogue has told me, so you're probably in a better position! jk sorry Will!

I stick to philosophy really, implimenting ideas is something I wanna leave to the pragmatists, so this is all a huge challenge to me!

GeneralTacticus

Emperor

of Melbourne, Australia
Dec 2001
time: 15:27

29-05-2003 13:47

#18

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Hmmm... so... anybody at all interested in getting a Currency Commission together? We could do a big RP about all the deliberations and so forth, or we could agree on the details of how the system will work, and have them published as the Commission's report...