The Tokyo Economic Accord
The Hipster Republic of Rhine Ruhr
The Federal Commonwealth of Iyori
The Federation of The New Union
The Federated Commonwealth of The United Planet
The Tokyo Economic Accord
The parties to this treaty, seeking stronger economic and cultural ties between their people, acknowledging the benefits of trade and the free movement of capital and labor, striving for increased cooperation, and respecting the sovereignty of each nation and the rule of local law, have agreed to the following treaty establishing the Tokyo Economic Accord.
Article 1 - Parties to this Agreement
The parties of this agreement are the nations of The Common Market of Iyori and The Hipster Republic of Rhine Ruhr.
Additional states may become parties of this agreement as long as they border any existing member state, all existing member states consent, and demonstrates the ability and commitment to comply to the terms and condition of this Accord.
Article 2 - Movement of Goods and Capital
Parties to this treaty agree to the free movement of goods and capital among member states.
Member states shall allow nationals and corporations from other treaty states to have equality of investment in their nation. This includes the right to purchase bond assets, as well as the freedom to incorporate and establish business operations subject to matching regulations as domestic corporations and individuals. All individuals and corporations shall be free to allocate financial assets among party nations.
No member to this treaty shall disproportionally tax or regulate the sale of goods from another party state to domestic taxing and regulating of equivalent goods.
No party to this agreement may encourage the "dumping" of goods in another's market. For the purpose of this clause "dumping" refers to the sale of goods under market value in another marketplace for the purpose of eliminating competition and gaining market share in the pursuit of exercising market and pricing power in the future.
Article 3 - Movement of Persons and Labor
Any law abiding citizen of a party nation has the right to move either temporarily or permanently between the member nations of this treaty.
Each member of this agreement shall allow individuals from another member state to enter without entry clearance upon the presentation of clearly valid evidence of identity and nationality of a member state.
Each party to this agreement will guarantee the same economic protection to all nationals from other member nations permanently residing in its borders as it does its own citizens.
Effectiveness of The Tokyo Economic Accord
The Accord shall take effect once both the initial governments ratify and sign the treaty according to their respective legal and constitutional processes.
Nothing in this treaty shall pre-empt European Union law. In the scenario of incompatibility, member states shall comply with the supreme regional law whilst acting to the fullest reasonable extent to comply with the original intent of the Accord.
(OOC:You wanted me to respond?)
((OOC: Nope. This is just a place where the accord can be easily found and read. Also this area can serve as a place where new nations can apply for membership.))
(OOC: Hmm should I compile and application sheet, also should I make my bank now?)