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Agreement between Likatonia and Badara on Free Trade and Investment
This treaty was drafted in March 4765 by the Hizb Muasisiun.
Status: ratification[?]
Description[?]
| This agreement between Likatonia and Badara will be in effect upon ratification by the Likatonian Senate and the People's Assembly of Badara. The agreement shall consist of the following provisions. o 1. Free Trade. The citizens and businesses corporate and otherwise organized of the two signatory nations may buy and sell each others' goods and products free of customs duties, tariffs and other taxes imposed on the basis of difference of citizenship. Further, services generally and construction services specifically are included in this agreement and covered by the terms thereof. 2. Oil and trade. With respect to Badaran oil operations, Likatonian citizens, corporations, other business entities, segments of the Likatonian government and Likatonia itself may buy Badaran oil from licensees or lessees allowed to drill for, produce and sell such Badaran oil or from Badara itself which is also selling oil it produces. Further this agreement specifically allows Likatonian citizens, businesses and government to sell oil production equipment and services to licensees of Badara for oil production or to Badara. Services covered hereunder such as oil rig construction will be considered free trade of services and are not considered covered by Badara's laws concerning executive compensation or union activity. 3. Investment. Citizens, businesses corporate or otherwise and the governments of Likatonia and Badara may invest in the businesses of each other whether through a stock market or other arrangement. Since foreign investment in Badaran business is limited to 49%, this agreement will authorize investment up to 49% investment in the businesses of either nation. There will be no discrimination against the owners of capital thus invested whether through regulation of stock markets, bankruptcy law or otherwise. 4. Investment in Oil. This agreement specifically authorizes citizens, corporations, other business interests, and the government of Likatonia to invest in up to 49% ownership in holders of licenses to drill for, produce and sell oil from sites owned by Badara. Such licensees shall still be subject to laws of Badara concerning salary caps and unionization and foreign investment does not obviate those laws. 5. Withdrawal: Should either Likatonia or Badara decide to withdraw from this treaty, 6 months notice shall be given by the withdrawing party. All transactions whether concerning purchases of goods or services or investing in business operations completed prior to such notice shall be considered valid and continue in effect. |
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
| Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
| Random quote: "The first step in freeing yourself from social restrictions is the realization that there is no such thing as a 'safe' code of conduct, one that would earn everyone's approval. Your actions can always be condemned by someone, for being too bold or too apathetic, for being too conformist or too nonconformist, for being too liberal or too conservative. So it's necessary to decide whose approval is important to you." - Harry Browne |