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Aldegar - Istalian Economic and Trade Agreement
This treaty was drafted in February 4293 by the Partito Nazionale Democratico.
Status: ratification[?]
Description[?]
| Article I - Istalia and Aldegar will recognise each other as fully sovereign and independent nations and will mutually respect institutional and legislative changes. Article II - Recognising that this treaty is based on a common vision of purpose and ideals, it remains the right of each nation to unilaterally withdraw from the treaty should ideological incompatibility arise between the two nations. Article III - Both nations 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 - Both governments 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 Aldegar. Article V - Both nations 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 - In matters of extradition, all requests for extraditions of people who are citizens of the other nation shall be honoured. In cases of extradition requests for citizens of the respective nation, a joint committee consisting of three jurors from each nation will be formed to examine such petitions. Both nations reserve the right to oppose the extradition in the case that the other nation will impose the death penalty or inhumane treatment of the subject individual. Article VII - As a part of this treaty, Istalian and Aldegar companies have full autonomy to conduct operations in Istalia and Aldegar in order to expand into Majatran and Seleyan markets. Nevertheless, companies seeking to relocate to Istalia or Aldegar, 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 VIII - The contracting nations 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 IX - Both nations 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 X - Both nations 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 to operate their embassy and to financially support these staff on foreign soil. In addition to this, each nation is allowed to deploy a maximum of 100 soldiers in defense of their embassy. |
Articles[?]
The treaty consists of the following articles.
Ratifiers[?]
The treaty has been formally ratified by the following nations.
| Nation | Date |
| Repubblica Istaliana (Istalia) | February 4294 |
Pending Ratifications
Compliance[?]
The treaty contains no articles that can be verified.
Ratification
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Ratification Map
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: “Their cheap talk of the 'greater good' is a thinly concealed excuse for subordinating the people to the institutionalized violence that is the state.” - Margaret Woodhall, former Dranian politician |