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Bill: Istalian-Pontesian Friendship and Economic Trade Agreement
Details
Submitted by[?]: Pontesian Progressive Party
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: February 4256
Description[?]:
| Istalian-Pontesian Friendship and Economic Trade Agreement The Istalian Republic and the Sovereign Republic of Pontesia, since now the contracting parties, pledge to establish a friendship and Economic/Trade Agreement between them. Article I - The contracting parties will recognise each other as fully sovereign and independent nations and will mutually respect institutional and legislative changes. Neither nation shall be allowed by this treaty to attack the other or support military menaces from third nations. Article II - Recognising that this treaty is based on a common vision of purpose and ideals, it remains the right of the contracting parties to unilaterally withdraw from the treaty should ideological incompatibility arise between the two nations. Article III - The contracting parties will increase trade with one another, opening the doors of trade to goods, services and investments through mutual free and fair trade. To that end, both nations will work together to remove protectionist trade barriers and promote trade, investment and tourism and via their customs and excise Authorities agree to speed up the movement of goods and clearance through customs as well as simplify and make available to the trading community information on procedures for the international transit of goods, the required documentation and the mode of transport. Article IV - The contracting parties will permits the creation of joint business, trade and economic councils that seek to promote, develop, and improve industrial and technological cooperation, resolve disputes, and formulate sound policy strategies to promote fairness and freedom of trade between Istalia and Pontesia. Article V - The contracting parties will allow free travel of each other's citizens, with the exception of cursory security checks, which are determined by each nation's government. In matters of non-working travel, stays lasting shorter than 90 days do not require a visa from the other nation where applicable. In matters of working travel, both nations will apply special treatment and status to the working travelers of the other nation in order to expedite travel and processing treatment and facilitate the integration and economic and cultural exchanges between the two nations. Article VI - As a part of this treaty, Istalian and Pontesian companies have full autonomy to conduct operations in Istalia and Pontesia in order to expand into the respective markets. Nevertheless, companies seeking to relocate to Istalia or Pontesia, must register as public companies under the Global Stock Exchange (GSE). By doing this the listing fees of companies will be waved and 99.99% of the shares will be retain by the owners and 0.1% to public trading. Article VII - The contracting parties whose investments are lost to nationalization or other such state confiscation not ordered by a duly constituted court of law in pursuance of criminal prosecution made by due process of law is obligated to file a Compensation Request with the Ministry of Foreign Affairs and the Ministry of Trade and Industry of the confiscating nation. The confiscating nation is obligated to compensate all loss of assets, intrinsic value, and good will. Article VIII - The contracting parties agree to respect each other's culture, politics and history. In addition to this, both agree to cultural integration through the encouragement of mutual respect for one another and the exchanging of cultures. Article IX - The contracting parties shall construct embassies in the other nation at the convenience of that nation’s Ministry of Foreign Affairs. The embassy shall be held under the rules and protocols of the nation in which it is is built. Both nations shall agree to deploy diplomatic staff and relative defensive forces to operate their embassy and to financially support these staff on foreign soil. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 14:20:03, August 12, 2017 CET | From | תְּקוּמָה | To | Debating the Istalian-Pontesian Friendship and Economic Trade Agreement |
| Message | The government of Beiteynu hereby strongly protests against this treaty. It means that Istalia still tries to pressure Beiteynu. We cannot accept this and ask the government of Pontesi to reconsider the passage of this treaty in the spirit of good neigbourliness and the strong economic connections between our nations. Ambassador of Beiteynu to Pontesi |
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Voting
| Vote | Seats | |
| yes | Total Seats: 100 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 0 |
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