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Eurasian-JBRican
Trade Pact
Type of treaty Trade pact
Drafted 27 December 2012
Signed
- location
3 January 2013
Town Lyon, AUE
Ratified Flag of the United States of JBR (2011-2013)3 January 2013
AUE4 January 2013
Sealed 4 January 2013
Effective
- condition
3 February 2013
A month after signing
Expiration
- condition
None/Indefinite
A month before cancellation
Signatories Flag of the United States of JBR (2011-2013)United States of JBR
AUEEurasian Federation
Depositary Eurasian Federation
Language English

The Eurasian-JBRican Trade Pact is a trade pact between the Eurasian Federation and the United States of JBR. Its drafting was spurred by the re-formalization of relations between the two nations and by JBRica's suggestion to have a detailed plan on exchanging key products. Eurasia soon submitted a proposed draft which was approved by JBRican policymakers.

The trade pact is compared to another agreement for having an investment framework, a free trade on specified key products, and an included clause for the freedom of movement for workers. This agreement though differs from the other due to the lack of preferential trade and other clauses which will cover the freedom of movement of other factors for production. The Eurasian-JBRican Trade Pact also includes a clause wherein it explicitly says that the trade pact may be "upgraded" into a general free trade agreement

Article 1Edit

Implementation

Section 1Edit

Every term and condition stated in this treaty must be mutually enforced by both signatory parties.

Section 2Edit

A set amount, percentage, worth or measurement prescribed in this treaty must be followed by both signatory parties.

Section 3Edit

Acknowledging that economic environments differ from each other, a compromise may be allowed given that the other party has been notified.

Section 4Edit

A compensation must be given in exchange for a compromise.

Section 5Edit

Both signatory parties should profit from this treaty.

Section 6Edit

Trade barriers must be the same for both signatory parties.

Section 7Edit

This treaty may be upgraded to cover a general free trade agreement on all products and resources traded between the two parties.

Section 8Edit

This treaty would be introduced and take into effect a month after signatory parties have signed it.

Article 2Edit

Equivalent exchange on key trade products

Section 1Edit

The Eurasian Federation agrees to provide the United States of JBR with defense-related products, furniture, and toys.

Section 2Edit

The United States of JBR agrees to provide the Eurasian Federation with fish and other seafood.

Section 3Edit

Both signatory parties agree to relinquish trade tariffs and quotas on the said products in Sections 1 and 2 of Article 2.

Section 4Edit

The exchange of products must be of the same worth in monetary value.

Article 3Edit

Establishment of a bilateral investment agreement

Section 1Edit

Both parties agree on providing guarantees on foreign entities conducting foreign direct investments between the two signatory parties.

Section 2Edit

Foreign investing entities subjected to a judicial case concerning their line of profession would be tried by a joint court of the two signatory parties.

Section 3Edit

Confiscation of any property owned by a foreign investing entity is not allowed unless approved by both signatory parties.

Section 4Edit

Both signatory parties may investigate any foreign investing entity operating in the two countries.

Section 5Edit

A foreign investing entity harassed or had their rights violated would be given just compensation by the country involved.

Article 4Edit

Mitigating double taxes

Section 1Edit

Establishment of a mutual foreign tax credit system on certain subjects for taxation.

Section 2Edit

Credits may only be given if it has been approved by the two signatory parties.

Section 3Edit

Certain liabilities agreed upon would still be taxed given that it has already paid withholding tax.

Article 5Edit

Freedom of movement for workers

Section 1Edit

National treatment must be enforced.

Section 2Edit

Abolition of any discrimination based on nationality, ethnicity, and religion in employment.

Section 3Edit

Equal rights and standards for working conditions.

Section 4Edit

The right to stay in the country of employment for as long as the individual has a legal profession in that country or is there to conduct business.

Section 5Edit

A foreigner may be given a 1-month stay in the other country, even if unemployed, for the purpose of finding another job or for setting up a business but is still subjected for approval of both signatory parties.

Section 6Edit

Repatriation of abused/maltreated workers with just compensation from the country involved (country involved must deal with the accused employer or employment agency according to their law).

Section 7Edit

Extradition of illegal aliens and workers or those arrested for a crime (home country must deal proper punishment according to their law).

Section 8Edit

Repatriation of overstayed workers (fine and/or ban from leaving home country again).

Section 9Edit

Both signatory parties agree to adopt a reciprocal visa policy wherein a 30-day visa must be given to citizens from both parties on-arrival and free of charge.

Article 6Edit

Amendments and cancellation

Section 1Edit

Amendments to the treaty may be proposed and discussed between signatory parties.

Section 2Edit

Implementation of new clauses to this treaty would be after 1 month has passed with no formal objections.

Section 3Edit

An announcement of nullifying this agreement must be formally given to the other signatory party a month prior to the planned cancellation.

SignedEdit

For the United States of JBR

  • Justin Vuong, President
  • Antonio Marino, Senate President
  • Irwin Hoyer, Speaker of the House
  • Ronald Bourke, Chancellor
  • Cecilia Rojos, JBRican Ambassador to Black Pearl City

For the Eurasian Federation

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