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.
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.
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.
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