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Istalian-Luthorian Economic and Defense Agreement
This treaty was drafted in July 5205 by the Alleanza Nazionale.
Status: ratification[?]
Description[?]
| Article 1: Market Access Signatory parties' agree to increase trade with one nother, opening the doors of trade to goods, services and investments through 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 custom as well as simplify and make available to the trading community informaton on procedure for the international transit of goods, the required documentation and the mode of transport. Article 2: Freedom from Duty Fees Retail goods to non-corporate consumers from a signatory party to the other shall receive a duty of 0%. Article 3: Business Signatory parties' companies have full autonomy to conduct operations within the other signatory nation in respect of the local working, trade and economic laws. Article 4: Double Taxation With further bilateral agreements, the parties agree to work towards the prevention of double taxation. Article 5: Trade Promotion the contracting nations pledge to establish trade promotion programmes, facilitate private and public trade missions and promote the continuous exchange of information, market studies and activities leading to maximum utilisation of opportunities offered by the liberalisation of trade. Article 6: Investment The parties agree to promote, protect and facilitate investment between each other through the development and implementation of an agreement on the asymmetrical promotion and protection of investments. Article 7: Products of Trade Any product with origin from either signatory nations shall be considered originating regardless of the material and its production origins. Article 8: Protection against counterfeiting and Products' Origin Indication The parties agree to protect products and goods imported from the other signatory party from counterfeiting and shall enforce the adoption of clear origin marking on the products and goods imported from the other signatory party. Article 9: Compensation for Losses The contracting nations whose investments are lost to nationalisation or other such state confiscation not ordered by a duly constituted court of law in pursuance of criminal prosecution made by a due process of law are 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 goodwill. Article 10: Trade in Finances The parties recognise the important role of trade financing in the development/fostering of trade. The parties agree to encourage banks and other financial institutions engaged in foreing trade to increase their support to exporters/importers in the respective territories of the parties. The support mentioned shall include the establishment of lines of credit, the establishment of export credit insurance, the establishment of a joint finance committee with the aims of reviewing the competitiveness of credit terms and financial cooperation. Article 11: Elimination of visa citizens of the contracting parties only require a visa to work in the other contracting party's nation unless the contracting party decides this is not necessary and shall be left up to the contracting parties to decide. Both parties will aplly special treatment and status to the working travelers of the other nation in order to expedite travel and processing treatment. Visiting, vacations and other movement that does not involve working and lasting shorter than 90 days shall be allowed without a visa. Both parties promotes cultural exchanges through student exchanges programs to whom recognize special long stays study visas. Both nations will allow free travel of each other's citizens, with the exception of cursory security checks, with are determined by each nation's government. Article 12: Research and Development Signatory parties agree that the common aims of science, in bettering the experience of mankind, are beneficial to all human beings and to this end, agree to cooperate wherever possible in research and development. Signatory parties promote the sharing of collected data, facilities and cooperation on major projects. Article 13: Extraditions In matters of extradition, all requests for extraditions of people who are citizens of the other signatory nation shall be honoured. In cases of extradition requests for citizens of the respective nation, a joint committee consisting of three jurors form 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 14: Defense The signatory nations agree to cooperate on defense matters in order to better assuring the defence of their national security. The signatory nations agree to share intelligence and to promote cooperation between their Intelligences. Signatory parties agree on promoting the cooperation on defensive projects and technological research & development. Article 14: Ratification All long as the signatory parties have not withdraw from the treaty after ratification, this treaty shall remain in effect. A contracting nation must give 1 year notice to the other nation before withdrawing from the treaty. Notice should be communicated to the other nation's Head of State, Head of Government, and Minister of Foreign Affairs. If notice is not given, companies operating in the withdrawing nation may continue operating as if the treaty remains in force and are not obligated to adhere to any contrary policies. |
Articles[?]
The treaty consists of the following articles.
Ratifiers[?]
The treaty has been formally ratified by the following nations.
| Nation | Date |
| Holy Luthorian Empire (Luthori) | April 5209 |
| Repubblica Istaliana (Istalia) | February 5209 |
Pending Ratifications
Compliance[?]
The treaty contains no articles that can be verified.
Ratification
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Ratification Map
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