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Treaty of Economics and Trade between Vanuku and Keymon
This treaty was drafted in November 4429 by the 
Royal Nationalist Party.
Status: ratification[?]
Description[?]
| Vanuku and the Keymon Republic, since now the contracting parties, pledge to establish a Economic and 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. 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 Vanuku and Keymon. Article V - As a part of this treaty, Vanuku and Keymon companies have full autonomy to conduct operations in Vanuku and Keymon in order to expand into the respective markets. Nevertheless, companies seeking to relocate to Vanuku or Keymon 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 VI - 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 VII - The contracting parties will disallow the usage of economic sanctions, embargo’s, the stopping of trading vessels , large taxes, and of tarriffs against any signatory party. |
Articles[?]
The treaty consists of the following articles.
Ratifiers[?]
The treaty has been formally ratified by the following nations.
| Nation | Date |
Pending Ratifications
Compliance[?]
The treaty contains no articles that can be verified.
Ratification
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Ratification Map
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