|Type of treaty||Trade pact|
|Drafted||27 December 2012|
| 3 January 2013|
Town Lyon, AUE
|Ratified|| 3 January 2013|
4 January 2013
|Sealed||4 January 2013|
| 3 February 2013|
A month after signing
A month before cancellation
|Signatories|| United States of JBR|
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
Every term and condition stated in this treaty must be mutually enforced by both signatory parties.
A set amount, percentage, worth or measurement prescribed in this treaty must be followed by both signatory parties.
Acknowledging that economic environments differ from each other, a compromise may be allowed given that the other party has been notified.
A compensation must be given in exchange for a compromise.
Both signatory parties should profit from this treaty.
Trade barriers must be the same for both signatory parties.
This treaty may be upgraded to cover a general free trade agreement on all products and resources traded between the two parties.
This treaty would be introduced and take into effect a month after signatory parties have signed it.
Equivalent exchange on key trade products
The Eurasian Federation agrees to provide the United States of JBR with defense-related products, furniture, and toys.
The United States of JBR agrees to provide the Eurasian Federation with fish and other seafood.
Both signatory parties agree to relinquish trade tariffs and quotas on the said products in Sections 1 and 2 of Article 2.
The exchange of products must be of the same worth in monetary value.
Establishment of a bilateral investment agreement
Both parties agree on providing guarantees on foreign entities conducting foreign direct investments between the two signatory parties.
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.
Confiscation of any property owned by a foreign investing entity is not allowed unless approved by both signatory parties.
Both signatory parties may investigate any foreign investing entity operating in the two countries.
A foreign investing entity harassed or had their rights violated would be given just compensation by the country involved.
Mitigating double taxes
Establishment of a mutual foreign tax credit system on certain subjects for taxation.
Credits may only be given if it has been approved by the two signatory parties.
Certain liabilities agreed upon would still be taxed given that it has already paid withholding tax.
Freedom of movement for workers
National treatment must be enforced.
Abolition of any discrimination based on nationality, ethnicity, and religion in employment.
Equal rights and standards for working conditions.
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.
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.
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).
Extradition of illegal aliens and workers or those arrested for a crime (home country must deal proper punishment according to their law).
Repatriation of overstayed workers (fine and/or ban from leaving home country again).
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.
Amendments and cancellation
Amendments to the treaty may be proposed and discussed between signatory parties.
Implementation of new clauses to this treaty would be after 1 month has passed with no formal objections.
An announcement of nullifying this agreement must be formally given to the other signatory party a month prior to the planned cancellation.
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
- - Reyneir ze Gallis, Chairman
- - Alejandro Erde, Secretary of Economy and Trade